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

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

The SADC market for solar cells and light-emitting diodes contracted to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Solar Cells and Light-Emitting Diodes in SADC

In value terms, solar cells and light-emitting diodes production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports in SADC

Solar cells and light-emitting diodes exports declined sharply to X units in 2022, waning by X% compared with the year before. Overall, exports recorded a slight downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports dropped to $X in 2022. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X units, which was near X% of total exports in 2022. The following exporters - Namibia (X units) and Mauritius (X units) - each recorded a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mauritius (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest solar cells and light-emitting diodes supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Mauritius (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Imports of Solar Cells and Light-Emitting Diodes

Imports in SADC

In 2022, solar cells and light-emitting diodes imports in SADC contracted to X units, shrinking by X% against the previous year's figure. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, solar cells and light-emitting diodes imports shrank to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, recording X units, which was near X% of total imports in 2022. Zimbabwe (X units) took the second position in the ranking, followed by Democratic Republic of the Congo (X units) and Tanzania (X units). All these countries together held approx. X% share of total imports. Namibia (X units) and Madagascar (X units) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the solar cells and light-emitting diodes imports, with a CAGR of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Democratic Republic of the Congo (X%), Namibia (X%), Madagascar (X%) and Tanzania (X%) displayed positive paces of growth. South Africa (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total imports, while Madagascar and Tanzania saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported solar cells and light-emitting diodes in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with an X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per unit), while Democratic Republic of the Congo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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