Costa Rica: Semiconductor Led Market 2024

Semiconductor Led Market Size in Costa Rica

The Costa Rican semiconductor LED market contracted dramatically to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted dramatically in the following year.

Semiconductor Led Exports

Exports from Costa Rica

In 2022, after two years of growth, there was significant decline in overseas shipments of semiconductor light emitting diodes (LEDs), when their volume decreased by X% to X units. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, semiconductor LED exports declined notably to $X in 2022. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for semiconductor LED exports from Costa Rica, with a X% share of total exports. Moreover, semiconductor LED exports to Mexico exceeded the volume sent to the second major destination, Panama (X units), more than tenfold. The third position in this ranking was held by the Dominican Republic (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the Dominican Republic (X% per year).

In value terms, Mexico ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average semiconductor LED export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X 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 Nicaragua (X%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Costa Rica

In 2022, imports of semiconductor light emitting diodes (LEDs) into Costa Rica reduced remarkably to X units, falling by X% compared with the year before. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, semiconductor LED imports shrank to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of semiconductor LED to Costa Rica, with a X% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United States (X% per year).

In value terms, the largest semiconductor LED suppliers to Costa Rica were China ($X), Malaysia ($X) and the United States ($X), together comprising X% of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average semiconductor LED import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X 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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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