Romania: Semiconductor Led Market 2024

Semiconductor Led Market Size in Romania

In 2021, the Romanian semiconductor LED market decreased by -11.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Semiconductor Led Production in Romania

In value terms, semiconductor LED production reduced notably to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, production attained the peak level of $X, and then fell notably in the following year.

Semiconductor Led Exports

Exports from Romania

In 2021, the amount of semiconductor light emitting diodes (LEDs) exported from Romania soared to X units, with an increase of 121% against 2020 figures. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 322% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, semiconductor LED exports soared to $X in 2021. Overall, exports, however, faced a deep slump. The growth pace was the most rapid in 2017 when exports increased by 89%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for semiconductor LED exports from Romania, accounting for a 67% share of total exports. Moreover, semiconductor LED exports to Turkey exceeded the volume sent to the second major destination, Moldova (X units), fourfold. Bulgaria (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +174.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+104.3% per year) and Bulgaria (-10.6% per year).

In value terms, the largest markets for semiconductor LED exported from Romania were Bulgaria ($X), Turkey ($X) and Germany ($X), together comprising 67% of total exports.

Among the main countries of destination, Turkey, with a CAGR of +96.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average semiconductor LED export price amounted to $X per unit, dropping by -46.6% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 218% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Moldova ($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 Germany (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Led Imports

Imports into Romania

In 2021, purchases abroad of semiconductor light emitting diodes (LEDs) increased by 82% to X units, rising for the second year in a row after six years of decline. Over the period under review, imports, however, saw a perceptible contraction. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, semiconductor LED imports soared to $X in 2021. In general, imports, however, recorded a pronounced contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest semiconductor LED supplier to Romania, with a 56% share of total imports. Moreover, semiconductor LED imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-11.2% per year) and Italy (-4.7% per year).

In value terms, Germany ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Romania, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-14.1% per year) and China (-2.7% per year).

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, declining by -28.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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