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

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

The Canadian market for solar cells and light-emitting diodes rose slightly to $X in 2022, with an increase of 3.3% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Solar Cells and Light-Emitting Diodes in Canada

In value terms, solar cells and light-emitting diodes production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 52% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Canada

In 2022, the amount of solar cells and light-emitting diodes exported from Canada expanded modestly to X units, with an increase of 3.6% on 2021. Over the period under review, exports recorded a tangible increase. The pace of growth appeared the most rapid in 2017 with an increase of 251%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports contracted modestly to $X in 2022. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 95%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for solar cells and light-emitting diodes exports from Canada, with a 33% share of total exports. Moreover, solar cells and light-emitting diodes exports to South Africa exceeded the volume sent to the second major destination, Sweden (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+26.4% per year) and the Netherlands (+16.2% per year).

In value terms, Germany ($X), the UK ($X) and South Korea ($X) appeared to be the largest markets for solar cells and light-emitting diodes exported from Canada worldwide, with a combined 9.7% share of total exports. The Netherlands, Sweden, France, South Africa, Mexico, New Zealand, Jamaica, the Czech Republic, Democratic Republic of the Congo and Cyprus lagged somewhat behind, together accounting for a further 3.6%.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of +46.8%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, declining by -6% against the previous year. In general, the export price, however, showed slight growth. The pace of growth was the most pronounced in 2015 an increase of 109%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average 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 UK ($X per unit), while the average price for exports to Cyprus (less than $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 Democratic Republic of the Congo (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Canada

In 2022, approx. X units of solar cells and light-emitting diodes were imported into Canada; picking up by 7% compared with 2021 figures. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 160%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and Croatia (X units) were the main suppliers of solar cells and light-emitting diodes imports to Canada, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +100.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Canada, comprising 21% of total imports. The second position in the ranking was taken by Thailand ($X), with a 5.9% share of total imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.9% per year) and South Korea (-0.3% per year).

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, shrinking by -17.6% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 80% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, 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 Taiwan (Chinese) ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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