The import of photosensitive, photovoltaic, and LED semiconductor devices to Spain has seen significant fluctuation over the past decade. From 2013 to 2017, there was a noticeable decline, reaching a low point in 2016. However, 2018 marked a dramatic increase, followed by a series of ups and downs until 2023. In 2023, the import volume stood at 74.568 million kilograms, with a modest year-on-year growth of 3.82%. The CAGR over the last five years indicates a slight negative trend at -2.1%, but forecasts predict a steady growth of 2.76% annually from 2024 to 2028.

Future trends to watch for include:

Technological advancements in semiconductor devices that may increase demand.
Government policies and incentives for renewable energy and energy-efficient technologies.
Global supply chain dynamics and potential disruptions that could impact import volumes.
Competitive landscape changes within the semiconductor industry affecting Spain's import needs.