Ireland: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in Ireland

After five years of growth, the Irish market for solar cells and light-emitting diodes decreased by X% to $X in 2022. In general, consumption, however, posted a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped remarkably in the following year.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Ireland

In 2022, approx. X units of solar cells and light-emitting diodes were exported from Ireland; increasing by X% against the year before. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports rose sharply to $X in 2022. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), the United States (X units) and Bulgaria (X units) were the main destinations of solar cells and light-emitting diodes exports from Ireland, with a combined X% share of total exports. Japan, France, Germany, Israel, the Netherlands, Italy and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for solar cells and light-emitting diodes exported from Ireland were the United States ($X), Japan ($X) and the UK ($X), together accounting for X% of total exports. Bulgaria, Israel, Germany, Italy, France, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to France ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Ireland

In 2022, supplies from abroad of solar cells and light-emitting diodes decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, solar cells and light-emitting diodes imports dropped to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

The Netherlands (X units), China (X units) and the UK (X units) were the main suppliers of solar cells and light-emitting diodes imports to Ireland, with a combined X% share of total imports. Italy, Germany and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest solar cells and light-emitting diodes suppliers to Ireland were Germany ($X), the Netherlands ($X) and China ($X), with a combined X% share of total imports. The UK, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 import price for solar cells and light-emitting diodes amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, faced a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :