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

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

In 2022, after two years of decline, there was growth in the Japanese market for solar cells and light-emitting diodes, when its value increased by 0.2% to $X. In general, consumption enjoyed a strong increase. Solar cells and light-emitting diodes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Solar Cells and Light-Emitting Diodes in Japan

In value terms, solar cells and light-emitting diodes production contracted to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Japan

Solar cells and light-emitting diodes exports from Japan declined to X units in 2022, stabilizing at the previous year. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2018 with an increase of 166%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports contracted slightly to $X in 2022. Overall, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 62%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for solar cells and light-emitting diodes exports from Japan, accounting for a 34% share of total exports. Moreover, solar cells and light-emitting diodes exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-4.5% per year) and the United States (-5.0% per year).

In value terms, China ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Japan, comprising 34% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 16% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-2.0% per year) and the United States (-2.5% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, reducing by -4% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solar cells and light-emitting diodes export price increased by +53.5% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 68% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Thailand ($X per unit), while the average price for exports to Malaysia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Japan

Solar cells and light-emitting diodes imports into Japan was estimated at X units in 2022, remaining relatively unchanged against the previous year. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 115% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports amounted to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 126% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of solar cells and light-emitting diodes to Japan, accounting for a 61% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.1% per year) and Taiwan (Chinese) (+6.5% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Japan, comprising 61% of total imports. The second position in the ranking was held by Malaysia ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.0% per year) and Taiwan (Chinese) (-3.2% per year).

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 when the average import price increased by 76% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($X per unit) and Vietnam ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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