Republic of Korea - 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 South Korea - 2021
Contents:
- Price for Solar Cells and Light-Emitting Diodes in South Korea (CIF) - 2021
- Price for Solar Cells and Light-Emitting Diodes in South Korea (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in South Korea
- Exports of Solar Cells and Light-Emitting Diodes in South Korea
Price for Solar Cells and Light-Emitting Diodes in South Korea (CIF) - 2021
In December 2021, the average import price for solar cells and light-emitting diodes amounted to $526 per thousand units, rising by 50% against the previous month. Overall, the import price showed pronounced growth. The pace of growth was the most pronounced in January 2021 an increase of 204% m-o-m. As a result, import price attained the peak level of $1.0 per unit. From February 2021 to December 2021, the average import prices remained at a somewhat 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 +1.7% per month.
Price for Solar Cells and Light-Emitting Diodes in South Korea (FOB) - 2022
In 2022, the average export price for solar cells and light-emitting diodes amounted to $15 per unit, picking up by 4.4% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. Over the period under review, the average export prices hit record highs at $62 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($138 per unit), while the average price for exports to Turkey ($4.2 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 Germany (-5.1%), while the prices for the other major destinations experienced a decline.
Imports of Solar Cells and Light-Emitting Diodes in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of solar cells and light-emitting diodes, when their volume decreased by -5.5% to 106M units. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at 112M units in 2021, and then reduced in the following year.
In value terms, solar cells and light-emitting diodes imports fell to $2.9B in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 0.8%. Imports peaked at $3B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Solar Cells and Light-Emitting Diodes in South Korea (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.0 | 0.9 | 0.9 | -11.5% |
| Others | 1.7 | 1.9 | 2.1 | 2.0 | 5.6% |
| Total | 3.0 | 2.9 | 3.0 | 2.9 | -1.1% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to South Korea in 2022:
- China (104.7M units)
Exports of Solar Cells and Light-Emitting Diodes in South Korea
Solar cells and light-emitting diodes exports from South Korea shrank to 218M units in 2022, dropping by -7.1% on the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of 235M units, and then fell in the following year.
In value terms, solar cells and light-emitting diodes exports fell modestly to $3.2B in 2022. In general, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2021 when exports increased by 6.5%. The exports peaked at $3.5B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Solar Cells and Light-Emitting Diodes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 832 | 977 | 870 | 814 | -0.7% |
| China | 787 | 621 | 830 | 727 | -2.6% |
| Japan | 300 | 159 | 101 | 172 | -16.9% |
| Netherlands | 245 | 182 | 76.5 | 155 | -14.2% |
| Germany | 132 | 62.7 | 81.7 | 84.3 | -13.9% |
| Australia | 68.9 | 78.3 | 23.5 | 52.7 | -8.5% |
| Turkey | 2.5 | 8.1 | 38.6 | 33.8 | 138.2% |
| Spain | 38.4 | 13.0 | 0.1 | 16.1 | -25.2% |
| Others | 1,106 | 1,010 | 1,290 | 1,156 | 1.5% |
| Total | 3,512 | 3,111 | 3,312 | 3,211 | -2.9% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from South Korea in 2022:
- United States (119.5M units)
- Netherlands (27.0M units)
- Japan (20.7M units)
- Germany (9.9M units)
- Australia (9.1M units)
- Turkey (8.0M units)
- China (5.3M units)
- Spain (4.1M units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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