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Puerto Rico - Semiconductor Light Emitting Diodes (LEDs) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Semiconductor Led Market 2024
Semiconductor Led Market Size in Puerto Rico
In 2021, after two years of growth, there was significant decline in the Puerto Rican semiconductor LED market, when its value decreased by -21.2% to $X. Overall, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted rapidly in the following year.
Semiconductor Led Production in Puerto Rico
In value terms, semiconductor LED production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by 190%. Over the period under review, production hit record highs at $X in 2020, and then contracted significantly in the following year.
Semiconductor Led Exports
Exports from Puerto Rico
Semiconductor LED exports from Puerto Rico stood at less than X units in 2021, remaining constant against 2020 figures. Over the period under review, exports showed a relatively flat trend pattern.
In value terms, semiconductor LED exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.
Exports by Country
Thailand was the major exporting country with an export of around X units, which accounted for 57% of total exports. It was distantly followed by China (X units), mixing up a 34% share of total exports. The Netherlands (X units), Japan (X units) and Germany (X units) held a relatively small share of total exports.
From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +132.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, China ($X) remains the largest semiconductor LED supplier from Puerto Rico, comprising 46% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 6.8% share of global exports. It was followed by Japan, with a 5.2% share.
In China, semiconductor LED exports increased at an average annual rate of +7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+15.2% per year) and Japan (-4.6% per year).
Export Prices by Country
The export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per thousand units), while China ($X per thousand units) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.2%), while the other leaders experienced a decline in the export price figures.
Semiconductor Led Imports
Imports into Puerto Rico
In 2021, the amount of semiconductor light emitting diodes (LEDs) imported into Puerto Rico totaled less than X units, approximately reflecting the year before. Overall, imports continue to indicate a relatively flat trend pattern.
In value terms, semiconductor LED imports amounted to less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.
Imports by Country
Thailand represented the largest importer of semiconductor light emitting diodes (LEDs) in the world, with the volume of imports accounting for X units, which was near 48% of total imports in 2021. The Netherlands (X units) took the second position in the ranking, followed by India (X units), Brazil (X units) and South Africa (X units). All these countries together held approx. 19% share of total imports. Japan (X units), Spain (X units), Hong Kong SAR (X units), Germany (X units), Australia (X units) and Italy (X units) held a relatively small share of total imports.
Imports into Thailand increased at an average annual rate of +75.0% from 2012 to 2021. At the same time, Brazil (+90.8%), Hong Kong SAR (+38.5%), India (+32.7%), the Netherlands (+25.3%), Spain (+22.0%), Australia (+12.4%) and Japan (+11.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +90.8% from 2012-2021. By contrast, Germany (-5.0%), Italy (-6.3%) and South Africa (-39.4%) illustrated a downward trend over the same period. Thailand (+46 p.p.), Brazil (+4.8 p.p.), India (+3.1 p.p.), the Netherlands (+2.9 p.p.) and Hong Kong SAR (+2 p.p.) significantly strengthened its position in terms of the global imports, while Australia, Japan, South Africa, Italy and Germany saw its share reduced by -1.8%, -3.3%, -8%, -8.2% and -19.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest semiconductor LED importing markets into Puerto Rico were the Netherlands ($X), Hong Kong SAR ($X) and India ($X), with a combined 22% share of total imports. Germany, Japan, Brazil, Spain, Australia, Italy and South Africa lagged somewhat behind, together accounting for a further 20%.
Brazil, with a CAGR of +38.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per thousand units), while Spain ($X per thousand units) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+98.9%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the semiconductor led market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26112220 - Semiconductor light emitting diodes (LEDs)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Puerto Rico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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