Scandinavia: Semiconductor Led Market 2024

Semiconductor Led Market Size in Scandinavia

In 2022, the Scandinavia semiconductor LED market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Semiconductor Led Production in Scandinavia

In value terms, semiconductor LED production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Semiconductor Led Exports

Exports in Scandinavia

In 2022, approx. X units of semiconductor light emitting diodes (LEDs) were exported in Scandinavia; declining by X% compared with the previous year's figure. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, semiconductor LED exports shrank to $X in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the key exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Finland (X units), constituting a X% share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by X percentage points.

In value terms, Sweden ($X) remains the largest semiconductor LED supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Sweden, semiconductor LED exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Semiconductor Led Imports

Imports in Scandinavia

In 2022, purchases abroad of semiconductor light emitting diodes (LEDs) decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, semiconductor LED imports declined to $X in 2022. Total imports indicated temperate growth 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 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Sweden (X units) represented the major importer of semiconductor light emitting diodes (LEDs), making up X% of total imports. It was distantly followed by Finland (X units), achieving a X% share of total imports.

Sweden was also the fastest-growing in terms of the semiconductor light emitting diodes (LEDs) imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported semiconductor light emitting diodes (LEDs) in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled X%.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Source: IndexBox Platform

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