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

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

In 2022, the French market for solar cells and light-emitting diodes decreased by -11.2% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, saw a moderate increase. Solar cells and light-emitting diodes consumption peaked at $X in 2021, and then contracted in the following year.

Production of Solar Cells and Light-Emitting Diodes in France

In value terms, solar cells and light-emitting diodes production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of 204% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from France

Solar cells and light-emitting diodes exports from France declined remarkably to X units in 2022, waning by -18.7% on the previous year's figure. Overall, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2015 with an increase of 97% against the previous year. Over the period under review, the exports hit record highs 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 shrank to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2019 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Italy (X units), Singapore (X units) and Germany (X units) were the main destinations of solar cells and light-emitting diodes exports from France, together accounting for 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for solar cells and light-emitting diodes exports from France, comprising 35% of total exports. The second position in the ranking was held by Italy ($X), with an 8.1% share of total exports. It was followed by Germany, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.3% per year) and Germany (-6.4% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2021, declining by -26.2% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 168%. 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 somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Italy ($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 Singapore (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into France

In 2022, after five years of growth, there was significant decline in overseas purchases of solar cells and light-emitting diodes, when their volume decreased by -12.8% to X units. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 142%. Over the period under review, imports reached the maximum at X units in 2021, and then declined in the following year.

In value terms, solar cells and light-emitting diodes imports shrank to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the Philippines (X units) was the main supplier of solar cells and light-emitting diodes to France, accounting for a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines stood at +100.7%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from the Philippines totaled +71.4%.

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 19% 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 remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.7% per year.

Source: IndexBox Platform

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