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

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

In 2022, the Myanmar's market for solar cells and light-emitting diodes decreased by -3.6% to $X for the first time since 2011, thus ending a ten-year rising trend. In general, consumption, however, posted significant growth. Solar cells and light-emitting diodes consumption peaked at $X in 2021, and then dropped modestly in the following year.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Myanmar

In 2022, after five years of growth, there was decline in overseas shipments of solar cells and light-emitting diodes, when their volume decreased by -4.4% to X units. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 1,339%. The exports peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, solar cells and light-emitting diodes exports fell dramatically to $X in 2022. Overall, exports showed a perceptible decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 1,243%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for solar cells and light-emitting diodes exports from Myanmar, accounting for a 100% share of total exports. It was followed by South Korea (X units), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled +49.4%.

In value terms, the Netherlands ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Myanmar, comprising 29% of total exports. The second position in the ranking was held by the United States ($X), with a 6.1% share of total exports. It was followed by China, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-75.0% per year) and China (+16.2% per year).

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, waning by -92.2% against the previous year. In general, the export price continues to indicate a sharp slump. The growth pace was the most rapid in 2015 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-22.0%).

Imports of Solar Cells and Light-Emitting Diodes

Imports into Myanmar

In 2022, after five years of growth, there was decline in overseas purchases of solar cells and light-emitting diodes, when their volume decreased by -4.5% to X units. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 139% against the previous year. Imports peaked at X units in 2021, and then contracted slightly in the following year.

In value terms, solar cells and light-emitting diodes imports totaled $X in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 79% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of solar cells and light-emitting diodes to Myanmar, with a 98% share of total imports. It was followed by South Korea (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +32.0%.

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Myanmar, comprising 92% of total imports. The second position in the ranking was taken by South Korea ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.4%.

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, rising by 5.5% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 83% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, 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 China ($X per unit), while the price for South Korea totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :