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

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

In 2022, after two years of growth, there was decline in the Swiss market for solar cells and light-emitting diodes, when its value decreased by X% to $X. In general, the total consumption indicated a modest 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 increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then declined modestly in the following year.

Production of Solar Cells and Light-Emitting Diodes in Switzerland

In value terms, solar cells and light-emitting diodes production fell remarkably to $X in 2022 estimated in export price. In general, production saw a sharp shrinkage. Solar cells and light-emitting diodes production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Exports of Solar Cells and Light-Emitting Diodes

Exports from Switzerland

In 2022, shipments abroad of solar cells and light-emitting diodes decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked 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 declined to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X units) was the main destination for solar cells and light-emitting diodes exports from Switzerland, accounting for a X% share of total exports. Moreover, solar cells and light-emitting diodes exports to Germany exceeded the volume sent to the second major destination, Italy (X units), threefold. Hong Kong SAR (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 Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for solar cells and light-emitting diodes exported from Switzerland were China ($X), Hong Kong SAR ($X) and Germany ($X), with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a prominent 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 maximum at $X per unit in 2020; however, from 2021 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 China ($X per unit), while the average price for exports to the Netherlands ($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 China (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 Switzerland

In 2022, approx. X units of solar cells and light-emitting diodes were imported into Switzerland; remaining stable against the year before. In general, imports saw perceptible growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of solar cells and light-emitting diodes to Switzerland, with a X% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by Germany (X units), with an X% share.

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

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

Among the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, declining by X% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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