Asia: Semiconductor Led Market 2024

Semiconductor Led Market Size in Asia

The Asian semiconductor LED market contracted dramatically to $X in 2023, falling by X% against the previous year. Over the period under review, consumption, however, showed modest growth. Over the period under review, the market hit record highs at $X.4B in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Semiconductor Led Production in Asia

In value terms, semiconductor LED production totaled $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Semiconductor Led Exports

Exports in Asia

Semiconductor LED exports skyrocketed to X units in 2023, increasing by X% on the previous year. In general, exports, however, recorded a precipitous curtailment. Over the period under review, the exports reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, semiconductor LED exports surged to $X in 2023. Overall, exports, however, continue to indicate a abrupt slump. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Vietnam represented the largest exporter of semiconductor light emitting diodes (LEDs) in Asia, with the volume of exports reaching X units, which was near X% of total exports in 2023. Japan (X units) held the second position in the ranking, followed by Taiwan (Chinese) (X units), Singapore (X units) and the Philippines (X units). All these countries together held approx. X% share of total exports.

Vietnam was also the fastest-growing in terms of the semiconductor light emitting diodes (LEDs) exports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Japan, Taiwan (Chinese), Singapore and the Philippines increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and Singapore ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Semiconductor Led Imports

Imports in Asia

In 2023, the amount of semiconductor light emitting diodes (LEDs) imported in Asia soared to X units, growing by X% compared with 2022 figures. In general, imports, however, showed a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, semiconductor LED imports skyrocketed to $X in 2023. Over the period under review, imports, however, continue to indicate a abrupt descent. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Hong Kong SAR (X units), Vietnam (X units) and Japan (X units) was the key importer of semiconductor light emitting diodes (LEDs) in Asia, committing X% of total import. Taiwan (Chinese) (X units) took the next position in the ranking, followed by Lebanon (X units). All these countries together took approx. X% share of total imports. The following importers - the United Arab Emirates (X units), Cambodia (X units), Singapore (X units) and the Philippines (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Lebanon (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor LED importing markets in Asia were Hong Kong SAR ($X), Japan ($X) and Vietnam ($X), with a combined X% share of total imports. Taiwan (Chinese), Singapore, the Philippines, the United Arab Emirates, Lebanon and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Asia amounted to $X per unit, surging by X% against the previous year. Overall, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform