Report Update Feb 1, 2025

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

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

Exports of Solar Cells and Light-Emitting Diodes

Exports in GCC

In 2022, the amount of solar cells and light-emitting diodes exported in GCC declined to X units, waning by -9.7% on the previous year. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 209%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports soared to $X in 2022. Overall, exports, however, showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the largest exporter of solar cells and light-emitting diodes, comprising 64% of total exports. It was distantly followed by Oman (X units), making up a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +78.3%).

In value terms, the United Arab Emirates ($X) remains the largest solar cells and light-emitting diodes supplier in GCC, comprising 99% of total exports. The second position in the ranking was held by Oman ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +14.9%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, picking up by 1,424% against the previous year. Overall, the export price saw a moderate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%).

Imports of Solar Cells and Light-Emitting Diodes

Imports in GCC

In 2022, approx. X units of solar cells and light-emitting diodes were imported in GCC; dropping by -80.4% compared with the previous year's figure. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 1,149%. The volume of import peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, solar cells and light-emitting diodes imports fell sharply to $X in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2015 when imports increased by 110%. The level of import peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

Oman was the major importer of solar cells and light-emitting diodes in GCC, with the volume of imports finishing at X units, which was near 65% of total imports in 2022. Saudi Arabia (X units) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (11%).

Oman was also the fastest-growing in terms of the solar cells and light-emitting diodes imports, with a CAGR of +83.0% from 2012 to 2022. At the same time, Saudi Arabia (+37.2%) and the United Arab Emirates (+8.7%) displayed positive paces of growth. From 2012 to 2022, the share of Oman and Saudi Arabia increased by +63 and +8.2 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported solar cells and light-emitting diodes in GCC, comprising 74% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 23% share of total imports.

In the United Arab Emirates, solar cells and light-emitting diodes imports expanded at an average annual rate of +15.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+11.7% per year) and Oman (-3.8% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with an increase of 115% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates
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, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024