Tunisia: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in Tunisia

The Tunisian market for solar cells and light-emitting diodes dropped to $X in 2022, with a decrease of -14.5% 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). In general, consumption, however, recorded a significant increase. Solar cells and light-emitting diodes consumption peaked at $X in 2021, and then declined in the following year.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Tunisia

In 2022, solar cells and light-emitting diodes exports from Tunisia surged to X units, growing by 19% on the previous year. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 341% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes exports surged to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 213% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Morocco (X units) was the main destination for solar cells and light-emitting diodes exports from Tunisia, with a 40% share of total exports. Moreover, solar cells and light-emitting diodes exports to Morocco exceeded the volume sent to the second major destination, Algeria (X units), threefold. The United States (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco amounted to +206.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+235.7% per year) and the United States (+235.0% per year).

In value terms, Morocco ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Tunisia, comprising 25% of total exports. The second position in the ranking was taken by Algeria ($X), with a 10% share of total exports. It was followed by France, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco stood at +122.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+150.6% per year) and France (+131.8% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, rising by 5.6% against the previous year. In general, the export price, however, saw a significant curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 France ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-15.7%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Tunisia

In 2022, after three years of growth, there was significant decline in overseas purchases of solar cells and light-emitting diodes, when their volume decreased by -8.7% to X units. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 223%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, solar cells and light-emitting diodes imports declined slightly to $X in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 54%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of solar cells and light-emitting diodes to Tunisia, accounting for a 69% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. Italy (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.6% per year) and Italy (+42.0% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Tunisia, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.2% per year) and Italy (+13.3% per year).

Import Prices by Country

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, surging by 5.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by 27%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform