Azerbaijan: Semiconductor Led Market 2025

Semiconductor Led Market Size in Azerbaijan

In 2021, the Azerbaijani semiconductor LED market decreased by -19.2% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a significant expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Semiconductor Led Exports

Exports from Azerbaijan

In 2021, the amount of semiconductor light emitting diodes (LEDs) exported from Azerbaijan soared to X units, with an increase of 26% against the previous year. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 2,729% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, semiconductor LED exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 3,364%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for semiconductor LED exports from Azerbaijan, with a 76% share of total exports. Moreover, semiconductor LED exports to the United States exceeded the volume sent to the second major destination, Germany (X units), ninefold. Luxembourg (X units) ranked third in terms of total exports with a 5.9% share.

From 2016 to 2021, the average annual growth rate of volume to the United States totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-39.5% per year) and Luxembourg (+41.4% per year).

In value terms, the largest markets for semiconductor LED exported from Azerbaijan were the United States ($X), France ($X) and South Korea ($X), together accounting for 87% of total exports.

South Korea, with a CAGR of +85.6%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average semiconductor LED export price amounted to $X per unit, picking up by 132% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+80.1%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Led Imports

Imports into Azerbaijan

In 2021, semiconductor led imports into Azerbaijan rose slightly to X units, picking up by 3.3% against 2020 figures. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 18,618%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, semiconductor LED imports contracted sharply to $X in 2021. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 10,139%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of semiconductor LED to Azerbaijan, with a 25% share of total imports. Moreover, semiconductor LED imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.8% per year) and Turkey (+19.9% per year).

In value terms, Germany ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Azerbaijan, comprising 34% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.7% share of total imports. It was followed by China, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +45.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+50.6% per year) and China (+30.8% per year).

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, falling by -36.2% against the previous year. Over the period under review, the import price, however, posted perceptible growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 76% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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