Report Update Feb 1, 2025

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

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Cuba: Market for Solar Cells and Light-Emitting Diodes 2022

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

The Cuban market for solar cells and light-emitting diodes expanded modestly to $X in 2021, surging by 4.8% against the previous year. In general, consumption, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when the market value increased by 6.6% against the previous year. Solar cells and light-emitting diodes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Solar Cells and Light-Emitting Diodes in Cuba

In value terms, solar cells and light-emitting diodes production declined to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Solar cells and light-emitting diodes production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Cuba

In 2021, shipments abroad of solar cells and light-emitting diodes was finally on the rise to reach X kg after eight years of decline. Over the period under review, exports, however, recorded a sharp reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports totaled $X in 2021. In general, exports, however, recorded a precipitous contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X kg) was the main destination for solar cells and light-emitting diodes exports from Cuba, with a 67% share of total exports. Moreover, solar cells and light-emitting diodes exports to Venezuela exceeded the volume sent to the second major destination, Germany (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela stood at -45.6%.

In value terms, Venezuela ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Cuba, comprising 94% of total exports. The second position in the ranking was held by Germany ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Venezuela stood at -58.1%.

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per ton in 2021, which is down by -8.7% against the previous year. Overall, the export price faced a significant decrease. The pace of growth was the most pronounced in 2014 when the average export price decreased by -0.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-23.0%).

Imports of Solar Cells and Light-Emitting Diodes

Imports into Cuba

In 2021, solar cells and light-emitting diodes imports into Cuba skyrocketed to X tons, with an increase of 216% compared with the previous year's figure. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 266%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports skyrocketed to $X in 2021. Over the period under review, imports recorded a remarkable increase. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of solar cells and light-emitting diodes to Cuba, with a 88% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +50.8%.

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Cuba, comprising 79% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.2%.

Import Prices by Country

In 2021, the average import price for solar cells and light-emitting diodes amounted to $X per ton, shrinking by -10.3% against the previous year. Over the period under review, the import price saw a significant decline. The growth pace was the most rapid in 2013 when the average import price increased by 77% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-22.3%).

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, comprising approx. 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 Cuba?

In value terms, China constituted the largest supplier of solar cells and light-emitting diodes to Cuba, comprising 93% of total imports. The second position in the ranking was occupied by Spain, with a 4.2% share of total imports.

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

In value terms, Germany $793) remains the key foreign market for solar cells and light-emitting diodes exports from Cuba.

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

In 2021, the average export price for solar cells and light-emitting diodes amounted to $1,929 per ton, reducing by -9.1% against the previous year.

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

The average import price for solar cells and light-emitting diodes stood at $3,417 per ton in 2021, which is down by -9.3% against the previous year.

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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