Puerto Rico: Semiconductor Led Market 2025

Semiconductor Led Market Size in Puerto Rico

In 2021, after two years of growth, there was significant decline in the Puerto Rican semiconductor LED market, when its value decreased by -21.2% to $X. Overall, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted rapidly in the following year.

Semiconductor Led Production in Puerto Rico

In value terms, semiconductor LED production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by 190%. Over the period under review, production hit record highs at $X in 2020, and then contracted significantly in the following year.

Semiconductor Led Exports

Exports from Puerto Rico

Semiconductor LED exports from Puerto Rico stood at less than X units in 2021, remaining constant against 2020 figures. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, semiconductor LED exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

Thailand was the major exporting country with an export of around X units, which accounted for 57% of total exports. It was distantly followed by China (X units), mixing up a 34% share of total exports. The Netherlands (X units), Japan (X units) and Germany (X units) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +132.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest semiconductor LED supplier from Puerto Rico, comprising 46% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 6.8% share of global exports. It was followed by Japan, with a 5.2% share.

In China, semiconductor LED exports increased at an average annual rate of +7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+15.2% per year) and Japan (-4.6% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.2%), while the other leaders experienced a decline in the export price figures.

Semiconductor Led Imports

Imports into Puerto Rico

In 2021, the amount of semiconductor light emitting diodes (LEDs) imported into Puerto Rico totaled less than X units, approximately reflecting the year before. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, semiconductor LED imports amounted to less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

Thailand represented the largest importer of semiconductor light emitting diodes (LEDs) in the world, with the volume of imports accounting for X units, which was near 48% of total imports in 2021. The Netherlands (X units) took the second position in the ranking, followed by India (X units), Brazil (X units) and South Africa (X units). All these countries together held approx. 19% share of total imports. Japan (X units), Spain (X units), Hong Kong SAR (X units), Germany (X units), Australia (X units) and Italy (X units) held a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of +75.0% from 2012 to 2021. At the same time, Brazil (+90.8%), Hong Kong SAR (+38.5%), India (+32.7%), the Netherlands (+25.3%), Spain (+22.0%), Australia (+12.4%) and Japan (+11.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +90.8% from 2012-2021. By contrast, Germany (-5.0%), Italy (-6.3%) and South Africa (-39.4%) illustrated a downward trend over the same period. Thailand (+46 p.p.), Brazil (+4.8 p.p.), India (+3.1 p.p.), the Netherlands (+2.9 p.p.) and Hong Kong SAR (+2 p.p.) significantly strengthened its position in terms of the global imports, while Australia, Japan, South Africa, Italy and Germany saw its share reduced by -1.8%, -3.3%, -8%, -8.2% and -19.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest semiconductor LED importing markets into Puerto Rico were the Netherlands ($X), Hong Kong SAR ($X) and India ($X), with a combined 22% share of total imports. Germany, Japan, Brazil, Spain, Australia, Italy and South Africa lagged somewhat behind, together accounting for a further 20%.

Brazil, with a CAGR of +38.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per thousand units), while Spain ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+98.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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