
World - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
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Global Trade in Solar Cells and Light-Emitting Diodes Intensifies
IndexBox has just published a new report: 'World - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Global Trade in Solar Cells and Light-Emitting Diodes
Global solar cells and light-emitting diodes exports rose from $56.4 in 2019 to $57.5B (IndexBox estimates) in 2020. China remains the leading supplier of solar cells and diodes worldwide, while the U.S. is the largest importer.
Exports from China rose from $23.6 in 2019 to $23.8B in 2020. Vietnam ($3.2B), Hong Kong SAR ($2.2B) and India ($1.5B), together accounting for 29% of total exports were the largest markets for solar cells and light-emitting diodes supplied from China. Germany, South Korea, the U.S. and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.
The U.S. boosted imports of solar cells and light-emitting diodes from $8.4B in 2019 to $10.5B in 2020. Malaysia ($1.2B), Vietnam ($1.2B) and Thailand ($657M), with a combined 30% share of total imports. These countries were followed by South Korea, China, Italy and Cambodia, which together accounted for a further 7.9%. Among the main importing countries, the U.S. recorded the highest growth rate of the value of imports in 2020.
Source: IndexBox Platform
This report provides an in-depth analysis of the global market for solar cells and light-emitting diodes. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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