Hong Kong SAR, China: Semiconductor Led Market 2025

Semiconductor Led Market Size in Hong Kong SAR, China

In 2021, the Hong Kong semiconductor LED market increased by 67% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Semiconductor Led Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of semiconductor light emitting diodes (LEDs) increased by 13% to X units for the first time since 2012, thus ending a eight-year declining trend. Overall, exports, however, recorded a sharp descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, semiconductor LED exports soared to $X in 2021. The total export value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) was the main destination for semiconductor LED exports from Hong Kong SAR, accounting for a 75% share of total exports. Moreover, semiconductor LED exports to China exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.2% per year) and Germany (-18.0% per year).

In value terms, China ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Hong Kong SAR, comprising 75% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.1% share of total exports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.4% per year) and Germany (+8.7% per year).

Export Prices by Country

In 2021, the average semiconductor LED export price amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 92%. The export price peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Japan ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Led Imports

Imports into Hong Kong SAR, China

In 2021, the amount of semiconductor light emitting diodes (LEDs) imported into Hong Kong SAR surged to X units, jumping by 78% compared with 2020 figures. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semiconductor LED imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest semiconductor LED supplier to Hong Kong SAR, accounting for a 46% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+41.3% per year) and Japan (+37.2% per year).

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Hong Kong SAR, comprising 46% of total imports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.3% per year) and Japan (+3.2% per year).

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, reducing by -30.5% against the previous year. In general, the import price showed a sharp setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Philippines ($X per unit) and Japan ($X per unit), while the price for Singapore ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-24.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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