Sri Lanka - 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 Sri Lanka - 2021
Contents:
- Price for Solar Cells and Light-Emitting Diodes in Sri Lanka (CIF) - 2022
- Price for Solar Cells and Light-Emitting Diodes in Sri Lanka (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in Sri Lanka
- Exports of Solar Cells and Light-Emitting Diodes in Sri Lanka
Price for Solar Cells and Light-Emitting Diodes in Sri Lanka (CIF) - 2022
In 2022, the average import price for solar cells and light-emitting diodes amounted to $21 per unit, growing by 370% against the previous year. Over the period under review, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($20 per unit) and India ($20 per unit), while the price for Singapore ($20 per unit) and China ($20 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Solar Cells and Light-Emitting Diodes in Sri Lanka (FOB) - 2022
In 2022, the average export price for solar cells and light-emitting diodes amounted to $6.8 per unit, rising by 2.6% against the previous year. In general, the export price, however, faced a abrupt curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 24%. As a result, the export price reached the peak level of $38 per unit. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ukraine.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +0.7% per year.
Imports of Solar Cells and Light-Emitting Diodes in Sri Lanka
In 2022, approx. 1.5M units of solar cells and light-emitting diodes were imported into Sri Lanka; waning by -78.2% on 2021. Over the period under review, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 5.8% against the previous year. Imports peaked at 7.4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, solar cells and light-emitting diodes imports rose to $31M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, imports reached the peak of $32M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Solar Cells and Light-Emitting Diodes in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.1 | 27.4 | 26.4 | 20.7 | -2.2% |
| Vietnam | N/A | N/A | 0.1 | 5.9 | 5800.0% |
| India | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
| Singapore | 2.9 | 1.4 | 1.9 | 0.4 | -48.3% |
| Hong Kong SAR | 1.0 | 0.5 | 0.5 | 0.2 | -41.5% |
| Others | 2.3 | 2.3 | 1.0 | 3.3 | 12.8% |
| Total | 28.5 | 31.7 | 30.1 | 30.9 | 2.7% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to Sri Lanka in 2022:
- China (1056.5K units)
- Vietnam (300.0K units)
- India (23.5K units)
- Singapore (20.0K units)
- Hong Kong SAR (12.6K units)
Exports of Solar Cells and Light-Emitting Diodes in Sri Lanka
Solar cells and light-emitting diodes exports from Sri Lanka fell remarkably to 58K units in 2022, reducing by -31.6% on 2021 figures. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 172% against the previous year. The exports peaked at 117K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, solar cells and light-emitting diodes exports declined remarkably to $391K in 2022. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 148% against the previous year. Over the period under review, the exports attained the peak figure at $890K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Solar Cells and Light-Emitting Diodes in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 391 | 0% |
| Oman | 819 | 171 | 240 | N/A | -45.9% |
| United States | 1.4 | 1.5 | 25.5 | N/A | 326.8% |
| Others | 69.4 | 52.1 | 292 | N/A | 105.1% |
| Total | 890 | 225 | 557 | 391 | -24.0% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from Sri Lanka in 2022:
- Ukraine (57.7K units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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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