Based on the forecasted data, the import value of photosensitive, photovoltaic, and LED semiconductor devices to Australia shows a steady increase from $1.9088 billion in 2024 to $2.2419 billion in 2028. This indicates a positive growth trajectory over five years. The imports were valued at $1.832 billion in 2023, demonstrating year-on-year growth rates of approximately 4.2% from 2023 to 2024, 4.5% from 2024 to 2025, 4.2% from 2025 to 2026, 4.0% from 2026 to 2027, and 3.7% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years stands at approximately 4.1%.
Future trends to watch for:
• Innovations in semiconductor technologies could drastically alter import dynamics.
• Fluctuations in global supply chains and international trade policies might impact growth forecasts.
• Increasing demand for renewable energy sources and smart electronic devices may drive further growth in imports of these semiconductor devices.
