United Kingdom - 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 the UK - 2021
Contents:
- Price for Solar Cells and Light-Emitting Diodes in the UK (CIF) - 2022
- Price for Solar Cells and Light-Emitting Diodes in the UK (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in the UK
- Exports of Solar Cells and Light-Emitting Diodes in the UK
Price for Solar Cells and Light-Emitting Diodes in the UK (CIF) - 2022
The average import price for solar cells and light-emitting diodes stood at $9.9 per unit in 2022, picking up by 3.3% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $19 per unit in 2012; however, from 2013 to 2022, 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 the Czech Republic ($27 per unit), while the price for the Netherlands ($5.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Solar Cells and Light-Emitting Diodes in the UK (FOB) - 2022
The average export price for solar cells and light-emitting diodes stood at $41 per unit in 2022, with a decrease of -46.8% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 174% against the previous year. As a result, the export price attained the peak level of $77 per unit, and then dropped markedly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($55 per unit), while the average price for exports to Ireland ($8.6 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 Italy (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Solar Cells and Light-Emitting Diodes in the UK
In 2022, supplies from abroad of solar cells and light-emitting diodes decreased by -21.3% to 46M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 74%. As a result, imports attained the peak of 58M units, and then reduced notably in the following year.
In value terms, solar cells and light-emitting diodes imports contracted remarkably to $451M in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +29.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. As a result, imports reached the peak of $554M, and then declined rapidly in the following year.
| Import of Solar Cells and Light-Emitting Diodes in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 99.2 | 189 | 149 | 7.8% |
| Netherlands | 60.7 | 56.6 | 83.0 | 65.4 | 2.5% |
| Germany | 48.6 | 37.8 | 71.4 | 56.3 | 5.0% |
| Czech Republic | 0.1 | 1.2 | 25.8 | 20.4 | 488.7% |
| Others | 165 | 153 | 185 | 159 | -1.2% |
| Total | 393 | 348 | 554 | 451 | 4.7% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to the UK in 2022:
- China (25.5M units)
- Netherlands (11.2M units)
- Germany (4.7M units)
- Czech Republic (0.8M units)
Exports of Solar Cells and Light-Emitting Diodes in the UK
In 2022, exports of solar cells and light-emitting diodes from the UK surged to 3.9M units, jumping by 90% against 2021. Overall, exports, however, saw a pronounced downturn. The exports peaked at 5.8M units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, solar cells and light-emitting diodes exports stood at $160M in 2022. In general, exports, however, showed a noticeable slump. The exports peaked at $173M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Solar Cells and Light-Emitting Diodes in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.2 | 23.0 | 23.4 | 22.2 | -7.7% |
| Netherlands | 6.4 | 7.3 | 9.0 | 8.2 | 8.6% |
| France | 5.9 | 6.3 | 7.9 | 7.2 | 6.9% |
| Ireland | 7.3 | 7.0 | 7.3 | 6.7 | -2.8% |
| Italy | 7.8 | 4.2 | 6.8 | 6.2 | -7.4% |
| Sweden | 8.2 | 6.7 | 1.3 | 4.8 | -16.3% |
| Belgium | 3.2 | 2.6 | 1.9 | 2.3 | -10.4% |
| Poland | 2.1 | 3.9 | 0.9 | 2.0 | -1.6% |
| Others | 103 | 101 | 99.7 | 100 | -1.0% |
| Total | 173 | 162 | 158 | 160 | -2.6% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from the UK in 2022:
- Germany (1514.3K units)
- Ireland (771.0K units)
- Netherlands (414.4K units)
- Italy (155.5K units)
- Poland (148.2K units)
- France (131.6K units)
- Sweden (103.1K units)
- Belgium (83.2K units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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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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