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

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

In 2022, after five years of growth, there was significant decline in the Irish market for solar cells and light-emitting diodes, when its value decreased by -18% to $X. Overall, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $X in 2021, and then declined dramatically in the following year.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Ireland

Solar cells and light-emitting diodes exports from Ireland surged to X units in 2022, jumping by 49% against the previous year's figure. Over the period under review, exports, however, faced a deep downturn. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes exports expanded rapidly to $X in 2022. Overall, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 27%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), Switzerland (X units) and the United States (X units) were the main destinations of solar cells and light-emitting diodes exports from Ireland, together comprising 56% of total exports. Bulgaria, Japan, Italy, France, Germany and the Czech Republic lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Japan ($X) were the largest markets for solar cells and light-emitting diodes exported from Ireland worldwide, together comprising 57% of total exports. Germany, Bulgaria, Italy, Switzerland, France and the Czech Republic lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Bulgaria, with a CAGR of +24.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, falling by -28.7% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 153%. The export price peaked at $X per unit in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Switzerland ($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 the UK (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Ireland

In 2022, overseas purchases of solar cells and light-emitting diodes decreased by -19.5% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, solar cells and light-emitting diodes imports reduced to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X units), the UK (X units) and Italy (X units) were the main suppliers of solar cells and light-emitting diodes imports to Ireland, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +104.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and Germany ($X) constituted the largest solar cells and light-emitting diodes suppliers to Ireland, together comprising 29% of total imports. Taiwan (Chinese), Italy and India lagged somewhat behind, together comprising a further 7.2%.

In terms of the main suppliers, Italy, with a CAGR of +43.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, growing by 9.4% against the previous year. Over the period under review, the import price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of 20%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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