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

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

The Italian market for solar cells and light-emitting diodes dropped rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a deep contraction. Solar cells and light-emitting diodes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Solar Cells and Light-Emitting Diodes in Italy

In value terms, solar cells and light-emitting diodes production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Italy

In 2022, approx. X units of solar cells and light-emitting diodes were exported from Italy; jumping by X% on the previous year's figure. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports reached $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Austria (X units) and France (X units) were the main destinations of solar cells and light-emitting diodes exports from Italy, with a combined X% share of total exports. Burkina Faso, Spain, Germany, Poland, Mali, Romania, Malta, Belgium, Hungary and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Italy, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by France, with a X% share.

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

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, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while the average price for exports to Burkina Faso ($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 United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Italy

In 2022, imports of solar cells and light-emitting diodes into Italy contracted markedly to X units, reducing by X% compared with 2021 figures. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports reduced sharply to $X in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solar cells and light-emitting diodes suppliers to Italy were the Netherlands ($X), Germany ($X) and China ($X), with a combined X% share of total imports. France, Slovenia and Spain lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, saw 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 mixed trend patterns.

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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