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

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

The Luxembourg market for solar cells and light-emitting diodes dropped slightly to $X in 2022, with a decrease of 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Solar cells and light-emitting diodes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Luxembourg

For the fourth year in a row, Luxembourg recorded decline in shipments abroad of solar cells and light-emitting diodes, which decreased by X% to X units in 2016. Overall, exports saw a abrupt downturn. The smallest decline of X% was in 2014. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes exports stood at $X in 2016. Over the period under review, exports faced a deep contraction. The smallest decline of X% was in 2014. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for solar cells and light-emitting diodes exports from Luxembourg, accounting for a X% share of total exports. Moreover, solar cells and light-emitting diodes exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. Ireland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Ireland (X% per year).

In value terms, Belgium ($X), the Netherlands ($X) and Ireland ($X) constituted the largest markets for solar cells and light-emitting diodes exported from Luxembourg worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the Netherlands, 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 mixed trend patterns.

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2016, remaining constant against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price decreased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

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Imports of Solar Cells and Light-Emitting Diodes

Imports into Luxembourg

Solar cells and light-emitting diodes imports into Luxembourg fell to X units in 2022, dropping by X% on the previous year. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure 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 shrank slightly to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X units), the Netherlands (X units) and Vietnam (X units) were the main suppliers of solar cells and light-emitting diodes imports to Luxembourg, with a combined X% share of total imports. Germany, China, South Korea, Lithuania and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (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 Luxembourg were China ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total imports. Vietnam, Germany, South Korea, France and Lithuania lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of 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

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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