Report Update Feb 1, 2025

Brazil - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights

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Brazil: Market for Solar Cells and Light-Emitting Diodes 2025

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

In 2022, the Brazilian market for solar cells and light-emitting diodes decreased by -99.3% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, showed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted markedly in the following year.

Production of Solar Cells and Light-Emitting Diodes in Brazil

In value terms, solar cells and light-emitting diodes production declined modestly to $X in 2022 estimated in export price. Overall, production, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 99% against the previous year. Solar cells and light-emitting diodes production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Brazil

In 2022, approx. X units of solar cells and light-emitting diodes were exported from Brazil; picking up by 80% on the year before. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 291% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, solar cells and light-emitting diodes exports skyrocketed to $X in 2022. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 79%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for solar cells and light-emitting diodes exports from Brazil, accounting for a 39% share of total exports. Moreover, solar cells and light-emitting diodes exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), threefold. The third position in this ranking was held by Uruguay (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +54.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+56.0% per year) and Uruguay (+57.7% per year).

In value terms, the United States ($X), Colombia ($X) and Argentina ($X) constituted the largest markets for solar cells and light-emitting diodes exported from Brazil worldwide, with a combined 72% share of total exports.

Among the main countries of destination, Colombia, with a CAGR of +23.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, declining by -28.7% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 132% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Nicaragua ($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 (-7.2%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Brazil

In 2022, purchases abroad of solar cells and light-emitting diodes decreased by -99.4% to X units for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 601% against the previous year. Imports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, solar cells and light-emitting diodes imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of solar cells and light-emitting diodes to Brazil, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.9%.

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Brazil.

From 2012 to 2022, the average annual growth rate of value from China stood at +63.6%.

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, with an increase of 47,874% against the previous year. Over the period under review, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +42.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for solar cells and light-emitting diodes in the world?

The United States remains the largest solar cells and light-emitting diodes consuming country worldwide, accounting for 25% of total volume. Moreover, solar cells and light-emitting diodes consumption in the United States exceeded the figures recorded by the second-largest consumer, Brazil, fourfold. The Netherlands ranked third in terms of total consumption with a 4.9% share.

What are the largest producers of solar cells and light-emitting diodes in the world?

The countries with the highest volumes of in 2021 were China, Thailand and Malaysia, with a combined 79% share of global production.

What are the leading suppliers of solar cells and light-emitting diodes to Brazil?

In value terms, China constituted the largest supplier of solar cells and light-emitting diodes to Brazil.

What are the leading importers of solar cells and light-emitting diodes from Brazil?

In value terms, Colombia remains the key foreign market for solar cells and light-emitting diodes exports from Brazil, comprising 44% of total exports. The second position in the ranking was occupied by the United States, with a 9.5% share of total exports. It was followed by Argentina, with an 8.2% share.

What is the average export price for solar cells and light-emitting diodes in Brazil?

In 2021, the average export price for solar cells and light-emitting diodes amounted to $81,754 per ton, increasing by 214% against the previous year.

What is the average import price for solar cells and light-emitting diodes in Brazil?

The average import price for solar cells and light-emitting diodes stood at $4,375 per ton in 2021, rising by 13% against the previous year.

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Brazil. 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)
Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.

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 Brazil
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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024