Diode Market

The article discusses the rising demand for diodes globally, projecting a CAGR of +0.2% in consumption and +2.1% in market value from 2022 to 2030. It analyzes trends in consumption, production, imports, and exports of diodes, highlighting key consuming and producing countries. The highest volumes of consumption and production were in China, Japan, and Taiwan, while the largest importers and exporters were China, Hong Kong SAR, and Japan. The average diode import and export prices showed fluctuations over the years, with notable growth rates recorded in certain countries.

Market Forecast

Driven by rising demand for diode worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2022 to 2030, which is projected to bring the market volume to 235B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market value to $98.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Diodes, Other Than Photosensitive Or Light Emitting Diodes

In 2022, consumption of diodes, other than photosensitive or light emitting diodes decreased by -5.6% to 231B units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at 246B units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global diode market value expanded markedly to $83.1B in 2022, surging by 6.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a pronounced expansion. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (25B units), Japan (25B units) and India (20B units), with a combined 30% share of global consumption. The United States, Hong Kong SAR, South Korea, Bangladesh, Russia, Hungary, Singapore, Indonesia, Mexico and Romania lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +74.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest diode markets worldwide were Bangladesh ($9.6B), China ($7.2B) and Hungary ($4B), with a combined 25% share of the global market. Romania, South Korea, the United States, Indonesia, Mexico, Russia, Japan, India, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 16%.

In terms of the main consuming countries, Romania, with a CAGR of +68.6%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of diode per capita consumption was registered in Hong Kong SAR (1,992 units per person), followed by Singapore (942 units per person), Hungary (579 units per person) and Romania (234 units per person), while the world average per capita consumption of diode was estimated at 29 units per person.

From 2012 to 2022, the average annual growth rate of the diode per capita consumption in Hong Kong SAR stood at -8.5%. In the other countries, the average annual rates were as follows: Singapore (-15.1% per year) and Hungary (+39.7% per year).

Production

World Production of Diodes, Other Than Photosensitive Or Light Emitting Diodes

In 2022, global diode production dropped to 307B units, with a decrease of -8.3% against the previous year. In general, production recorded a mild downturn. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Over the period under review, global production attained the peak volume at 407B units in 2014; however, from 2015 to 2022, production failed to regain momentum.

In value terms, diode production totaled $42.6B in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29% against the previous year. Over the period under review, global production attained the peak level at $43.3B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (71B units), Taiwan (Chinese) (63B units) and China (45B units), together accounting for 58% of global production. Singapore, Malaysia, South Korea, the United States, Bangladesh, Russia and Indonesia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the United States (with a CAGR of +11.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Diodes, Other Than Photosensitive Or Light Emitting Diodes

In 2022, supplies from abroad of diodes, other than photosensitive or light emitting diodes decreased by -5.8% to 506B units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 60%. Global imports peaked at 537B units in 2021, and then fell in the following year.

In value terms, diode imports amounted to $16.9B in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports By Country

In 2022, China (169B units) and Hong Kong SAR (144B units) were the largest importers of diodes, other than photosensitive or light emitting diodesacross the globe, together constituting 62% of total imports. Singapore (33B units) took the next position in the ranking, followed by Japan (31B units). All these countries together held approx. 13% share of total imports. The following importers - India (20B units), Malaysia (18B units), the United States (14B units), Thailand (12B units) and Germany (9.4B units) - together made up 15% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Germany (with a CAGR of +34.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest diode importing markets worldwide were China ($4.1B), Hong Kong SAR ($3.1B) and Germany ($1.4B), together comprising 50% of global imports.

In terms of the main importing countries, China, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average diode import price stood at $34 per thousand units in 2022, picking up by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 37%. Over the period under review, average import prices attained the maximum at $42 per thousand units in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($145 per thousand units), while Japan ($18 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Diodes, Other Than Photosensitive Or Light Emitting Diodes

After two years of growth, shipments abroad of diodes, other than photosensitive or light emitting diodes decreased by -7.2% to 582B units in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Over the period under review, the global exports hit record highs at 627B units in 2021, and then shrank in the following year.

In value terms, diode exports stood at $14.5B in 2022. The total export value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

Exports By Country

China (190B units) and Hong Kong SAR (129B units) represented roughly 55% of total exports in 2022. Japan (77B units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (11%) and Singapore (9.6%). Malaysia (26B units) and Thailand (10B units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +12.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest diode supplying countries worldwide were Hong Kong SAR ($3.4B), China ($3.2B) and Taiwan (Chinese) ($1.1B), with a combined 54% share of global exports.

Hong Kong SAR, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average diode export price stood at $25 per thousand units in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $34 per thousand units in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($26 per thousand units), while Japan ($8.9 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform