Czech Republic: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in the Czech Republic

After five years of growth, the Czech market for solar cells and light-emitting diodes decreased by -11.1% to $X in 2022. Overall, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Production of Solar Cells and Light-Emitting Diodes in the Czech Republic

In value terms, solar cells and light-emitting diodes production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 11% against the previous year. Solar cells and light-emitting diodes production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from the Czech Republic

Solar cells and light-emitting diodes exports from the Czech Republic shrank to X units in 2022, which is down by -13.1% against 2021 figures. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports fell significantly to $X in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 49%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X units) was the main destination for solar cells and light-emitting diodes exports from the Czech Republic, with a 35% share of total exports. Moreover, solar cells and light-emitting diodes exports to Hungary exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was taken by Slovakia (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+81.9% per year) and Slovakia (-6.3% per year).

In value terms, the largest markets for solar cells and light-emitting diodes exported from the Czech Republic were Hungary ($X), Slovakia ($X) and Germany ($X), with a combined 53% share of total exports. Poland, Switzerland, Italy, Bulgaria, the Netherlands, Austria, France, Romania, Ukraine and Slovenia lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Slovenia, with a CAGR of +52.5%, 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

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, reducing by -3.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 an increase of 13%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the 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 Germany ($X per unit), while the average price for exports to Ukraine ($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 Germany (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Solar Cells and Light-Emitting Diodes

Imports into the Czech Republic

After two years of growth, supplies from abroad of solar cells and light-emitting diodes decreased by -41.1% to X units in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 462% against the previous year. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, solar cells and light-emitting diodes imports reduced notably to $X in 2022. Overall, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest solar cells and light-emitting diodes supplier to the Czech Republic, with a 67% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+78.3% per year) and Germany (+3.7% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to the Czech Republic, comprising 44% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and Germany (-3.6% per year).

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, picking up by 33% against the previous year. Overall, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 74% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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