South Africa: Semiconductor Led Market 2024

Semiconductor Led Market Size in South Africa

The South African semiconductor LED market rose markedly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a notable increase 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Semiconductor Led Production in South Africa

In value terms, semiconductor LED production rose notably to $X in 2022 estimated in export price. Overall, production saw mild growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Semiconductor Led Exports

Exports from South Africa

Semiconductor LED exports from South Africa dropped significantly to X units in 2022, falling by X% on the previous year's figure. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, semiconductor LED exports contracted notably to $X in 2022. Overall, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for semiconductor LED exports from South Africa, accounting for a X% share of total exports. Moreover, semiconductor LED exports to China exceeded the volume sent to the second major destination, Zimbabwe (X units), twofold. Zambia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Zambia (X% per year).

In value terms, China ($X), Zimbabwe ($X) and Namibia ($X) constituted the largest markets for semiconductor LED exported from South Africa worldwide, with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average semiconductor LED export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price saw significant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per unit), while the average price for exports to China ($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 Vietnam (X.3%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Led Imports

Imports into South Africa

In 2022, approx. X units of semiconductor light emitting diodes (LEDs) were imported into South Africa; dropping by X% against the previous year's figure. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, semiconductor LED imports reduced sharply to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of semiconductor LED to South Africa, with a X% share of total imports. It was followed by Thailand (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to South Africa, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Thailand ($X per unit), while the price for Taiwan (Chinese) ($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 mixed trend patterns.

Source: IndexBox Platform

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