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

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

The Slovene market for solar cells and light-emitting diodes surged to $X in 2022, growing by X% against the previous year. Overall, consumption saw a perceptible increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Solar Cells and Light-Emitting Diodes in Slovenia

In value terms, solar cells and light-emitting diodes production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Slovenia

In 2022, shipments abroad of solar cells and light-emitting diodes decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, solar cells and light-emitting diodes exports fell sharply to $X in 2022. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Italy (X units) was the main destination for solar cells and light-emitting diodes exports from Slovenia, with a X% share of total exports. Moreover, solar cells and light-emitting diodes exports to Italy exceeded the volume sent to the second major destination, Hungary (X units), sevenfold. Greece (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Greece (X% per year).

In value terms, Italy ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Slovenia, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and France (X% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a abrupt downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Slovenia

After six years of growth, purchases abroad of solar cells and light-emitting diodes decreased by X% to X units in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, solar cells and light-emitting diodes imports fell dramatically to $X in 2022. Over the period under review, imports, however, recorded a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of solar cells and light-emitting diodes to Slovenia, with a X% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Austria (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Slovenia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, approximately reflecting the previous year. In general, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Austria ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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