MENA: Semiconductor Led Market 2024

Semiconductor Led Market Size in MENA

In 2023, the MENA's semiconductor LED market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Semiconductor Led Production in MENA

In value terms, semiconductor LED production amounted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Semiconductor Led Exports

Exports in MENA

In 2023, overseas shipments of semiconductor light emitting diodes (LEDs) were finally on the rise to reach X units after two years of decline. In general, exports saw a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, semiconductor LED exports surged to $X in 2023. Over the period under review, exports posted a pronounced expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Oman was the key exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X units), Morocco (X units), Tunisia (X units) and Jordan (X units), together making up a X% share of total exports.

Oman 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, Tunisia (X%) and Jordan (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Morocco (X%) illustrated a downward trend over the same period. Oman (X p.p.), Tunisia (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Morocco saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Oman ($X), the United Arab Emirates ($X) and Jordan ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

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

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a mild increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

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 Jordan ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced mixed trends in the export price figures.

Semiconductor Led Imports

Imports in MENA

In 2023, purchases abroad of semiconductor light emitting diodes (LEDs) decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X units in 2022, and then dropped remarkably in the following year.

In value terms, semiconductor LED imports plummeted to $X in 2023. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of semiconductor LED imports in 2023 were Tunisia (X units), Lebanon (X units) and the United Arab Emirates (X units), together recording X% of total import. Jordan (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%).

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 United Arab Emirates ($X), Lebanon ($X) and Jordan ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Lebanon, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 MENA amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

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 Morocco ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform