Germany: Market for Solar Cells and Light-Emitting Diodes 2024

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

In 2022, after six years of growth, there was decline in the German market for solar cells and light-emitting diodes, when its value decreased by -3.3% to $X. In general, consumption, however, continues to indicate a abrupt decline. Solar cells and light-emitting diodes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Solar Cells and Light-Emitting Diodes in Germany

In value terms, solar cells and light-emitting diodes production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 3.6% against the previous year. Solar cells and light-emitting diodes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Germany

In 2022, after three years of growth, there was significant decline in overseas shipments of solar cells and light-emitting diodes, when their volume decreased by -8.1% to X units. Over the period under review, exports showed a noticeable setback. The growth pace was the most rapid in 2019 when exports increased by 27% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes exports fell to $X in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X units), Greece (X units) and the Netherlands (X units) were the main destinations of solar cells and light-emitting diodes exports from Germany, with a combined 35% share of total exports. Austria, Italy, Spain, Hungary, Malaysia, France, Belgium, Turkey, Switzerland and Sweden lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for solar cells and light-emitting diodes exported from Germany were the Netherlands ($X), Poland ($X) and Austria ($X), with a combined 27% share of total exports.

Poland, with a CAGR of +9.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, falling by -2.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Greece ($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 France (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Germany

In 2022, after six years of growth, there was decline in supplies from abroad of solar cells and light-emitting diodes, when their volume decreased by -3.9% to X units. In general, imports saw a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports reduced to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Imports peaked 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 Germany, with a 76% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.2% per year) and the Netherlands (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Germany, comprising 59% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.0% per year) and Taiwan (Chinese) (-8.4% per year).

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, waning by -8.1% against the previous year. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :