Peru: Semiconductor Led Market 2025

Semiconductor Led Market Size in Peru

After five years of growth, the Peruvian semiconductor LED market decreased by -9% to $X in 2021. Overall, consumption, however, recorded prominent growth. Semiconductor LED consumption peaked at $X in 2020, and then reduced in the following year.

Semiconductor Led Exports

Exports from Peru

In 2021, shipments abroad of semiconductor light emitting diodes (LEDs) increased by 77% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 319%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, semiconductor LED exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for semiconductor LED exports from Peru, accounting for a 87% share of total exports. Moreover, semiconductor LED exports to Chile exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. The third position in this ranking was held by Nicaragua (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+135.4% per year) and Nicaragua (+17.2% per year).

In value terms, Chile ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Peru, comprising 86% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 6.5% share of total exports. It was followed by Colombia, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +49.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+52.0% per year) and Colombia (+112.2% per year).

Export Prices by Country

In 2021, the average semiconductor LED export price amounted to $X per unit, picking up by 25% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 55% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Nicaragua ($X per unit), while the average price for exports to Bolivia ($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 Nicaragua (+29.7%), while the prices for the other major destinations experienced mixed trend patterns.

Semiconductor Led Imports

Imports into Peru

After five years of growth, supplies from abroad of semiconductor light emitting diodes (LEDs) decreased by -21% to X units in 2021. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 217% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then shrank remarkably in the following year.

In value terms, semiconductor LED imports soared to $X in 2021. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 196%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main semiconductor LED supplier to Peru, accounting for a 93% share of total imports. It was followed by Denmark (X units), with a 2% share of total imports. The third position in this ranking was held by Panama (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+234.0% per year) and Panama (+281.8% per year).

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Peru, comprising 76% of total imports. The second position in the ranking was held by Denmark ($X), with a 12% share of total imports. It was followed by Italy, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+171.3% per year) and Italy (+46.1% per year).

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, jumping by 56% against the previous year. Overall, the import price, however, saw a drastic downturn. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :