Report Update Nov 1, 2024

Thailand - Semiconductor Light Emitting Diodes (LEDs) - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Semiconductor Led Market 2024

Semiconductor Led Market Size in Thailand

In 2021, the Thai semiconductor LED market decreased by -0.1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Semiconductor LED consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Semiconductor Led Production in Thailand

In value terms, semiconductor LED production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 210% against the previous year. Semiconductor LED production peaked at $X in 2020, and then fell significantly in the following year.

Semiconductor Led Exports

Exports from Thailand

In 2021, shipments abroad of semiconductor light emitting diodes (LEDs) increased by 34% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 9,976%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, semiconductor LED exports stood at less than $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 200% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X units) was the main destination for semiconductor LED exports from Thailand, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia was relatively modest.

From 2012 to 2021, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

In 2019, the average semiconductor LED export price amounted to $X per unit, jumping by 28% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2019, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2019, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per unit) and the Philippines ($X per unit), while the average price for exports to Japan ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-7.3%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Thailand

For the fourth consecutive year, Thailand recorded growth in overseas purchases of semiconductor light emitting diodes (LEDs), which increased by 8.9% to X units in 2021. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 5,030%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, semiconductor LED imports totaled less than $X in 2021. Over the period under review, imports posted a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Malaysia (X units) were the main suppliers of semiconductor LED imports to Thailand, together comprising 90% of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor LED suppliers to Thailand were Japan ($X), China ($X) and Malaysia ($X), with a combined 90% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +28.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2019, with a decrease of -82.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 2,728% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2019, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (-10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for semiconductor light emitting diodes (leds) in the world?

China constituted the country with the largest volume of semiconductor led consumption, accounting for 40% of total volume. Moreover, semiconductor led consumption in China exceeded the figures recorded by the second-largest consumer, Spain, fivefold. India ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of semiconductor light emitting diodes (leds) in the world?

The country with the largest volume of semiconductor led production was China, accounting for 48% of total volume. Moreover, semiconductor led production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), fivefold. Japan ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of semiconductor light emitting diodes (leds) to Thailand?

In value terms, China constituted the largest supplier of semiconductor led to Thailand, comprising 50% of total imports. The second position in the ranking was occupied by Japan, with a 20% share of total imports. It was followed by Malaysia, with a 20% share.

What are the leading importers of semiconductor light emitting diodes (leds) from Thailand?

In value terms, the United States remains the key foreign market for semiconductor led exports from Thailand, comprising 52% of total exports. The second position in the ranking was occupied by Vietnam, with a 19% share of total exports. It was followed by Hong Kong SAR, with a 6.2% share.

What is the average export price for semiconductor light emitting diodes (leds) in Thailand?

In 2021, the average semiconductor led export price amounted to $0.2 per unit, which is down by -22.6% against the previous year.

What is the average import price for semiconductor light emitting diodes (leds) in Thailand?

The average semiconductor led import price stood at $0.2 per unit in 2021, surging by 16% against the previous year.

This report provides an in-depth analysis of the semiconductor led market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26112220 - Semiconductor light emitting diodes (LEDs)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023