Belgium - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Solar Cells and Light-Emitting Diodes in Belgium - 2021
Contents:
- Price for Solar Cells and Light-Emitting Diodes in Belgium (CIF) - 2022
- Price for Solar Cells and Light-Emitting Diodes in Belgium (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in Belgium
- Exports of Solar Cells and Light-Emitting Diodes in Belgium
Price for Solar Cells and Light-Emitting Diodes in Belgium (CIF) - 2022
In 2022, the average import price for solar cells and light-emitting diodes amounted to $6.7 per unit, with an increase of 2% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37%. As a result, import price reached the peak level of $16 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($12 per unit), while the price for China ($4.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.7%), while the prices for the other major suppliers experienced a decline.
Price for Solar Cells and Light-Emitting Diodes in Belgium (FOB) - 2022
The average export price for solar cells and light-emitting diodes stood at $6 per unit in 2022, rising by 12% against the previous year. In general, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 23% against the previous year. The export price peaked at $18 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($65 per unit), while the average price for exports to France ($3.6 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 the UK (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Solar Cells and Light-Emitting Diodes in Belgium
After three years of growth, overseas purchases of solar cells and light-emitting diodes decreased by -10.4% to 73M units in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Imports peaked at 81M units in 2021, and then declined in the following year.
In value terms, solar cells and light-emitting diodes imports dropped to $488M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Over the period under review, imports attained the maximum at $534M in 2021, and then shrank in the following year.
| Import of Solar Cells and Light-Emitting Diodes in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.6 | 128 | 176 | 145 | 24.2% |
| Netherlands | 87.8 | 136 | 175 | 144 | 17.9% |
| Germany | 93.2 | 109 | 99.2 | 107 | 4.7% |
| France | 15.8 | 13.2 | 26.0 | 21.3 | 10.5% |
| Luxembourg | 17.0 | 14.8 | 8.4 | 14.9 | -4.3% |
| Others | 48.0 | 40.6 | 48.7 | 56.1 | 5.3% |
| Total | 338 | 442 | 534 | 488 | 13.0% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to Belgium in 2022:
- China (29.7M units)
- Netherlands (22.8M units)
- Germany (12.7M units)
- Luxembourg (2.2M units)
- France (1.7M units)
Exports of Solar Cells and Light-Emitting Diodes in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of solar cells and light-emitting diodes, when their volume decreased by -32.7% to 40M units. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 190% against the previous year. As a result, the exports reached the peak of 59M units, and then declined notably in the following year.
In value terms, solar cells and light-emitting diodes exports declined remarkably to $238M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 95% against the previous year. As a result, the exports attained the peak of $315M, and then fell rapidly in the following year.
| Export of Solar Cells and Light-Emitting Diodes in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 30.2 | 69.5 | 136 | 96.7 | 47.4% |
| France | 3.0 | 15.1 | 38.1 | 27.2 | 108.5% |
| Luxembourg | 0.6 | 16.5 | 27.3 | 19.4 | 218.6% |
| Germany | 11.3 | 14.7 | 23.3 | 17.4 | 15.5% |
| Morocco | 17.1 | 0.4 | 0.9 | 7.8 | -23.0% |
| Spain | 2.3 | 2.9 | 5.7 | 4.1 | 21.3% |
| Others | 37.0 | 42.3 | 84.3 | 65.7 | 21.1% |
| Total | 102 | 161 | 315 | 238 | 32.6% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from Belgium in 2022:
- Netherlands (23.9M units)
- France (7.5M units)
- Luxembourg (2.1M units)
- Morocco (1.7M units)
- Germany (1.1M units)
- Spain (0.7M units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Belgium. 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 2030.
Product coverage:
- Prodcom 26112220 - Semiconductor light emitting diodes (LEDs)
- Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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