Colombia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Solar Cells and Light-Emitting Diodes in Colombia - 2021
Contents:
- Price for Solar Cells and Light-Emitting Diodes in Colombia (CIF) - 2021
- Price for Solar Cells and Light-Emitting Diodes in Colombia (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in Colombia
- Exports of Solar Cells and Light-Emitting Diodes in Colombia
Price for Solar Cells and Light-Emitting Diodes in Colombia (CIF) - 2021
The average import price for solar cells and light-emitting diodes stood at $71.5 per thousand units in December 2021, with an increase of 15% against the previous month. Over the period under review, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in May 2021 an increase of 16% m-o-m. Over the period under review, average import prices attained the maximum at $117 per thousand units in December 2020; however, from January 2021 to December 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to -3.7% per month.
Price for Solar Cells and Light-Emitting Diodes in Colombia (FOB) - 2022
In 2022, the average export price for solar cells and light-emitting diodes amounted to $29 per unit, picking up by 5.9% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solar cells and light-emitting diodes export price increased by +5.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 191% against the previous year. The export price peaked at $41 per unit in 2014; however, from 2015 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 the United States ($166 per unit), while the average price for exports to the Dominican Republic ($13 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 United States (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Solar Cells and Light-Emitting Diodes in Colombia
In 2022, supplies from abroad of solar cells and light-emitting diodes decreased by -15.6% to 10M units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45%. As a result, imports reached the peak of 12M units, and then dropped remarkably in the following year.
In value terms, solar cells and light-emitting diodes imports fell to $49M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $55M, and then contracted in the following year.
| Import of Solar Cells and Light-Emitting Diodes in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.1 | 37.5 | 53.7 | 46.9 | 15.9% |
| Others | 6.9 | 4.8 | 1.5 | 1.8 | -36.1% |
| Total | 37.0 | 42.3 | 55.2 | 48.8 | 9.7% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to Colombia in 2022:
- China (10.0M units)
Exports of Solar Cells and Light-Emitting Diodes in Colombia
After two years of decline, shipments abroad of solar cells and light-emitting diodes increased by 33% to 2.2K units in 2022. Over the period under review, exports, however, continue to indicate a dramatic decrease. The exports peaked at 8.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, solar cells and light-emitting diodes exports soared to $66K in 2022. Overall, exports, however, recorded a significant contraction. The exports peaked at $245K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Solar Cells and Light-Emitting Diodes in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 85.4 | 43.6 | 18.9 | 26.7 | -32.1% |
| Peru | 13.1 | 2.8 | 9.1 | 13.0 | -0.3% |
| Dominican Republic | 18.7 | 0.1 | 7.6 | 10.8 | -16.7% |
| Mexico | 40.7 | 16.5 | 5.1 | 9.1 | -39.3% |
| El Salvador | 14.4 | 3.7 | N/A | 2.0 | -48.2% |
| Costa Rica | 0.4 | 4.9 | 0.7 | 1.3 | 48.1% |
| Venezuela | 4.9 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 57.9 | N/A | N/A | N/A | 0% |
| Others | 9.7 | 13.2 | 5.1 | 2.7 | -34.7% |
| Total | 245 | 84.7 | 46.5 | 65.6 | -35.5% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from Colombia in 2022:
- Dominican Republic (830.0 units)
- Peru (529.0 units)
- Ecuador (520.0 units)
- Mexico (219.0 units)
- Costa Rica (67.0 units)
- El Salvador (37.0 units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
-
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
-
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
-
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
-
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
-
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
-
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
408
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Colombia.
248
This report provides an in-depth analysis of the photosensitive semiconductor devices market in Colombia.
282
This report provides an in-depth analysis of the semiconductor led market in Colombia.
453
This report provides an in-depth analysis of the diode market in Colombia.
481
This report provides an in-depth analysis of the transistor market in Colombia.
323
This report provides an in-depth analysis of the mounted piezo-electric crystals market in Colombia.
371
This report provides an in-depth analysis of the semiconductor device market in Colombia.
412
This report provides an in-depth analysis of the semiconductor thyristor market in Colombia.
1457
This report provides an in-depth analysis of the global market for solar cells and light-emitting diodes.
202
This report provides an in-depth analysis of the global market for solar cells and light-emitting diodes.
440
Global exports of solar cells and light-emitting diodes rose from $56.4 in 2019 to $57.5B in 2020. China remains the leading supplier of solar cells and diodes worldwide, while the U.S. is the largest importer.
1187
The global solar panel market accelerates along with the unabated shift towards renewable energy. China, the leader in solar panel exports, will enjoy robust foreign demand while the domestic purchases may slow due to tariff subsidies cut. The U.S. experiences a surge in solar power generation, thanks to the increasing affordability of solar cells and robust suburban construction. The EU, Asia-Pacific, Mexico and Australia are also emerging as the most promising markets due to the swift adoption of solar generation capacities.
157
Explore the top import markets for diodes worldwide, including China, Hong Kong SAR, Germany, and more. Gain insights into key statistics and numbers to understand the diode import market.
851
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
1269
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
238
Discover the top import markets for transistors and key statistics in the global market. China, Hong Kong SAR, Germany, Singapore, and more lead the way in transistor imports.
440
Global exports of solar cells and light-emitting diodes rose from $56.4 in 2019 to $57.5B in 2020. China remains the leading supplier of solar cells and diodes worldwide, while the U.S. is the largest importer.
1187
The global solar panel market accelerates along with the unabated shift towards renewable energy. China, the leader in solar panel exports, will enjoy robust foreign demand while the domestic purchases may slow due to tariff subsidies cut. The U.S. experiences a surge in solar power generation, thanks to the increasing affordability of solar cells and robust suburban construction. The EU, Asia-Pacific, Mexico and Australia are also emerging as the most promising markets due to the swift adoption of solar generation capacities.
157
Explore the top import markets for diodes worldwide, including China, Hong Kong SAR, Germany, and more. Gain insights into key statistics and numbers to understand the diode import market.
851
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
