Vietnam: Semiconductor Led Market 2024

Semiconductor Led Market Size in Vietnam

The Vietnamese semiconductor LED market surged to $X in 2022, jumping by 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). Overall, consumption posted a significant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Semiconductor Led Exports

Exports from Vietnam

In 2022, after seven years of growth, there was significant decline in overseas shipments of semiconductor light emitting diodes (LEDs), when their volume decreased by X% to X units. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, semiconductor LED exports declined slightly to $X in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

The United States (X units) was the main destination for semiconductor LED exports from Vietnam, accounting for a X% share of total exports. Moreover, semiconductor LED exports to the United States exceeded the volume sent to the second major destination, China (X units), sixfold. The third position in this ranking was held by Japan (X units), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

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

Export Prices by Country

The average semiconductor LED export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 more modest paces of growth.

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Semiconductor Led Imports

Imports into Vietnam

In 2022, approx. X units of semiconductor light emitting diodes (LEDs) were imported into Vietnam; increasing by X% on the previous year. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, semiconductor LED imports surged to $X in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest semiconductor LED supplier to Vietnam, with a X% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was held by Thailand (X units), with a X% share.

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

In value terms, the largest semiconductor LED suppliers to Vietnam were China ($X), Japan ($X) and Malaysia ($X), together comprising X% of total imports. Thailand, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of 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 semiconductor LED import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then reduced rapidly in the following year.

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

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

Source: IndexBox Platform

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