Mexico: Semiconductor Led Market 2024

Semiconductor Led Market Size in Mexico

In 2021, the Mexican semiconductor LED market increased by 79% to $X, rising for the second year in a row after four years of decline. In general, consumption continues to indicate a resilient increase. Semiconductor LED consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Semiconductor Led Production in Mexico

In value terms, semiconductor LED production dropped remarkably to $X in 2021 estimated in export price. Overall, production recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1,229%. Semiconductor LED production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Semiconductor Led Exports

Exports from Mexico

Semiconductor LED exports from Mexico rose sharply to X units in 2021, increasing by 9% against the previous year's figure. Over the period under review, exports, however, saw a slight decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 57% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, semiconductor LED exports dropped significantly to $X in 2021. Overall, exports, however, showed a dramatic curtailment. The growth pace was the most rapid in 2015 with an increase of 35%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for semiconductor LED exports from Mexico, with a 71% share of total exports. Moreover, semiconductor LED exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+94.3% per year) and the Netherlands (+97.2% per year).

In value terms, the United States ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Mexico, comprising 81% of total exports. The second position in the ranking was held by China ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+47.7% per year) and the Netherlands (+51.9% per year).

Export Prices by Country

The average semiconductor LED export price stood at $X per unit in 2021, declining by -26% against the previous year. Overall, the export price saw a dramatic contraction. The pace of growth appeared the most rapid in 2014 a decrease of -6.1% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-19.5%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Mexico

For the seventh consecutive year, Mexico recorded growth in overseas purchases of semiconductor light emitting diodes (LEDs), which increased by 92% to X units in 2021. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, semiconductor LED imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of semiconductor LED to Mexico, with a 71% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The third position in this ranking was held by Japan (X units), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+33.5% per year) and Japan (+16.7% per year).

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Mexico, comprising 44% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.4% per year) and Malaysia (-2.8% per year).

Import Prices by Country

In 2021, the average semiconductor LED import price amounted to $X per unit, waning by -36.8% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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