Sri Lanka: Semiconductor Led Market 2025

Semiconductor Led Market Size in Sri Lanka

The Sri Lankan semiconductor LED market soared to $X in 2021, rising by 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a significant increase. Semiconductor LED consumption peaked in 2021 and is likely to continue growth in years to come.

Semiconductor Led Exports

Exports from Sri Lanka

In 2021, semiconductor led exports from Sri Lanka soared to X units, jumping by 78% on the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 661% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, semiconductor LED exports soared to $X in 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 388% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X units) was the main destination for semiconductor LED exports from Sri Lanka, with a 82% share of total exports. Moreover, semiconductor LED exports to Oman exceeded the volume sent to the second major destination, Switzerland (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +424.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+63.5% per year) and Canada (+137.8% per year).

In value terms, Oman ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Sri Lanka, comprising 63% of total exports. The second position in the ranking was held by Switzerland ($X), with a 23% share of total exports. It was followed by Canada, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +224.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+19.1% per year) and Canada (+57.6% per year).

Export Prices by Country

The average semiconductor LED export price stood at $X per unit in 2021, with a decrease of -32.2% against the previous year. Overall, the export price saw a dramatic decline. The growth pace was the most rapid in 2015 when the average export price increased by 84%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the 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 Japan ($X per unit), while the average price for exports to Oman ($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 Japan (-23.5%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Sri Lanka

In 2021, approx. X units of semiconductor light emitting diodes (LEDs) were imported into Sri Lanka; jumping by 63% against the previous year. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 188%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, semiconductor LED imports skyrocketed to $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 134% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest semiconductor LED supplier to Sri Lanka, with a 89% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +69.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+47.0% per year) and Hong Kong SAR (+36.7% per year).

In value terms, China ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Sri Lanka, comprising 88% of total imports. The second position in the ranking was held by Singapore ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+33.4% per year) and Hong Kong SAR (+24.0% per year).

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, growing by 12% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :