Europe: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in Europe

In 2022, after five years of growth, there was significant decline in the Europe market for solar cells and light-emitting diodes, when its value decreased by X% to $X. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Production of Solar Cells and Light-Emitting Diodes in Europe

In value terms, solar cells and light-emitting diodes production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports in Europe

After five years of growth, shipments abroad of solar cells and light-emitting diodes decreased by X% to X units in 2022. Over the period under review, exports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, solar cells and light-emitting diodes exports declined markedly to $X in 2022. Overall, exports recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

The Netherlands represented the main exporter of solar cells and light-emitting diodes in Europe, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Germany (X units), creating a X% share of total exports. The following exporters - Belgium (X units), Spain (X units), Italy (X units), Slovenia (X units) and France (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to solar cells and light-emitting diodes exports from the Netherlands stood at X%. At the same time, Slovenia (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, France (X%), Spain (X%), Germany (X%), Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Slovenia (X p.p.) significantly strengthened its position in terms of the total exports, while Spain, Italy, Belgium and Germany saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Italy, Belgium, Spain and Slovenia lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Solar Cells and Light-Emitting Diodes

Imports in Europe

After five years of growth, supplies from abroad of solar cells and light-emitting diodes decreased by X% to X units in 2022. Over the period under review, imports, however, posted temperate growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, solar cells and light-emitting diodes imports contracted remarkably to $X in 2022. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

The Netherlands was the largest importer of solar cells and light-emitting diodes in Europe, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Germany (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%) and France (X%). Italy (X units), Greece (X units), Belgium (X units), Austria (X units), the UK (X units) and Hungary (X units) held a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Austria (X%), Greece (X%), France (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, the UK (X%), Germany (X%), Belgium (X%) and Italy (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Poland (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium, Italy and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest solar cells and light-emitting diodes importing markets in Europe were the Netherlands ($X), Germany ($X) and France ($X), together accounting for X% of total imports. Poland, Italy, Belgium, Austria, the UK, Greece and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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