Report Update Apr 1, 2024

Cuba - Semiconductor Light Emitting Diodes (LEDs) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Semiconductor Led Market 2024

Semiconductor Led Market Size in Cuba

The Cuban semiconductor LED market shrank remarkably to $X in 2021, which is down by -27.4% against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Semiconductor Led Production in Cuba

In value terms, semiconductor LED production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, posted a moderate expansion. The pace of growth was the most pronounced in 2020 with an increase of 116%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

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Semiconductor Led Exports

Exports from Cuba

For the ninth consecutive year, Cuba recorded decline in overseas shipments of semiconductor light emitting diodes (LEDs), which decreased by -1% to X units in 2021. Over the period under review, exports recorded a drastic downturn. The smallest decline of -0.7% was in 2017. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, semiconductor LED exports dropped to $X in 2021. Overall, exports showed a dramatic descent. The smallest decline of -14% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for semiconductor LED exports from Cuba, with a 68% share of total exports. Moreover, semiconductor LED exports to Venezuela exceeded the volume sent to the second major destination, Germany (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Venezuela stood at -16.8%.

In value terms, Venezuela ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Cuba, comprising 94% of total exports. The second position in the ranking was held by Germany ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled -34.9%.

Export Prices by Country

The average semiconductor LED export price stood at $X per unit in 2021, falling by -13.1% against the previous year. Over the period under review, the export price recorded a dramatic slump. The most prominent rate of growth was recorded in 2018 when the average export price decreased by -12.8% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Venezuela ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-21.8%).

Semiconductor Led Imports

Imports into Cuba

Semiconductor LED imports into Cuba shrank rapidly to X units in 2021, declining by -33.1% against 2020 figures. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2016 when imports increased by 445%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, semiconductor LED imports rose modestly to $X in 2021. In general, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 268% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest semiconductor LED supplier to Cuba, with a 78% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +23.3%.

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Cuba, comprising 66% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.9%.

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, picking up by 54% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-16.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for semiconductor light emitting diodes (leds) in the world?

The countries with the highest volumes of consumption in 2021 were India, Brazil and the Netherlands, with a combined 31% share of global consumption.

What are the largest producers of semiconductor light emitting diodes (leds) in the world?

The countries with the highest volumes of production in 2021 were China and Thailand.

What are the leading suppliers of semiconductor light emitting diodes (leds) to Cuba?

In value terms, China constituted the largest supplier of semiconductor light emitting diodes LEDs) to Cuba, comprising 66% of total imports. The second position in the ranking was held by Spain, with an 11% share of total imports.

What are the leading importers of semiconductor light emitting diodes (leds) from Cuba?

In value terms, Venezuela remains the key foreign market for semiconductor light emitting diodes LEDs) exports from Cuba, comprising 94% of total exports. The second position in the ranking was held by Germany, with a 5.7% share of total exports.

What is the average export price for semiconductor light emitting diodes (leds) in Cuba?

In 2021, the average semiconductor LED export price amounted to $2.4 per unit, with a decrease of -13.1% against the previous year.

What is the average import price for semiconductor light emitting diodes (leds) in Cuba?

The average semiconductor LED import price stood at $6.8 per unit in 2021, growing by 54% against the previous year.

This report provides an in-depth analysis of the semiconductor led market in Cuba. 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)

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023