Colombia: Semiconductor Led Market 2025

Semiconductor Led Market Size in Colombia

The Colombian semiconductor LED market skyrocketed to $X in 2021, jumping by 322% 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 showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Semiconductor Led Exports

Exports from Colombia

In 2021, the amount of semiconductor light emitting diodes (LEDs) exported from Colombia soared to X units, increasing by 102% compared with 2020. Over the period under review, exports, however, saw a slight contraction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, semiconductor LED exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 41%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units), Peru (X units) and the Dominican Republic (X units) were the main destinations of semiconductor LED exports from Colombia, together accounting for 81% of total exports. These countries were followed by Panama, Mexico, Costa Rica, Curacao, the United States and El Salvador, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +72.0%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Colombia, comprising 41% of total exports. The second position in the ranking was taken by Peru ($X), with a 20% share of total exports. It was followed by the Dominican Republic, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+52.4% per year) and the Dominican Republic (+73.2% per year).

Export Prices by Country

In 2021, the average semiconductor LED export price amounted to $X per unit, declining by -32.5% against the previous year. Overall, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 an increase of 73% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Led Imports

Imports into Colombia

In 2021, the amount of semiconductor light emitting diodes (LEDs) imported into Colombia skyrocketed to X units, growing by 322% compared with the previous year's figure. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2018 when imports increased by 402% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, semiconductor LED imports surged to $X in 2021. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of semiconductor LED to Colombia, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +54.8%.

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Colombia.

From 2012 to 2021, the average annual growth rate of value from China stood at +30.4%.

Import Prices by Country

In 2021, the average semiconductor LED import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -15.8% per year.

Source: IndexBox Platform

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