Israel: Semiconductor Led Market 2024

Semiconductor Led Market Size in Israel

In 2022, the Israeli semiconductor LED market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a resilient increase. Semiconductor LED consumption peaked at $X in 2021, and then shrank in the following year.

Semiconductor Led Exports

Exports from Israel

In 2022, after two years of growth, there was significant decline in shipments abroad of semiconductor light emitting diodes (LEDs), when their volume decreased by X% to X units. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, semiconductor LED exports fell dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for semiconductor LED exports from Israel, with a X% share of total exports. Moreover, semiconductor LED exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Switzerland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Switzerland (X% per year).

In value terms, the largest markets for semiconductor LED exported from Israel were the United States ($X), Taiwan (Chinese) ($X) and Switzerland ($X), together comprising X% of total exports.

Switzerland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average semiconductor LED export price amounted to $X per unit, waning by X% against the previous year. In general, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 South Africa (X%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Israel

In 2022, purchases abroad of semiconductor light emitting diodes (LEDs) decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, semiconductor LED imports fell rapidly to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of semiconductor LED to Israel, with a X% share of total imports. Moreover, semiconductor LED imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sevenfold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

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

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

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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