Mexico - 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 Mexico - 2022
Contents:
- Price for Solar Cells and Light-Emitting Diodes in Mexico (CIF) - 2022
- Price for Solar Cells and Light-Emitting Diodes in Mexico (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in Mexico
- Exports of Solar Cells and Light-Emitting Diodes in Mexico
Price for Solar Cells and Light-Emitting Diodes in Mexico (CIF) - 2022
In 2022, the average import price for solar cells and light-emitting diodes amounted to $91 per unit, rising by 42% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 146%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
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 the Philippines ($935 per unit), while the price for China ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Solar Cells and Light-Emitting Diodes in Mexico (FOB) - 2022
The average export price for solar cells and light-emitting diodes stood at $83 per unit in 2022, with an increase of 536% against the previous year. In general, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($138 per unit), while the average price for exports to South Korea ($14 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 (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Solar Cells and Light-Emitting Diodes in Mexico
In 2022, solar cells and light-emitting diodes imports into Mexico fell slightly to 22M units, remaining stable against the previous year. In general, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at 48M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, solar cells and light-emitting diodes imports surged to $2B in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +70.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Solar Cells and Light-Emitting Diodes in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 428 | 411 | 626 | 836 | 25.0% |
| Malaysia | 328 | 223 | 194 | 326 | -0.2% |
| Japan | 193 | 178 | 227 | 304 | 16.4% |
| United States | 88.6 | 87.3 | 99.7 | 133 | 14.5% |
| Thailand | 21.1 | 31.0 | 37.7 | 50.4 | 33.7% |
| Others | 322 | 254 | 250 | 371 | 4.8% |
| Total | 1,381 | 1,184 | 1,434 | 2,020 | 13.5% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to Mexico in 2022:
- China (15.5M units)
- Malaysia (3.3M units)
- Japan (1.7M units)
- United States (0.9M units)
- Thailand (0.4M units)
Exports of Solar Cells and Light-Emitting Diodes in Mexico
In 2022, approx. 5.9M units of solar cells and light-emitting diodes were exported from Mexico; waning by -82.1% compared with the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 454% against the previous year. As a result, the exports reached the peak of 33M units, and then fell sharply in the following year.
In value terms, solar cells and light-emitting diodes exports rose notably to $494M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Solar Cells and Light-Emitting Diodes in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 303 | 267 | 350 | 359 | 5.8% |
| Netherlands | 67.0 | 88.4 | 18.3 | 73.0 | 2.9% |
| China | 1.2 | 9.4 | 29.0 | 25.7 | 177.7% |
| South Korea | 1.7 | 1.4 | 1.5 | 1.8 | 1.9% |
| Others | 20.9 | 49.7 | 34.2 | 35.0 | 18.8% |
| Total | 394 | 416 | 433 | 494 | 7.8% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from Mexico in 2022:
- United States (2.6M units)
- Netherlands (1.7M units)
- China (1.3M units)
- South Korea (0.1M units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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.
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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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