Australia and Oceania: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2024

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Australia and Oceania

The market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Australia and Oceania was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Australia and Oceania

In value terms, LCD or LED indicator panel production rose sharply to $X in 2021 estimated in export price. In general, production showed a prominent expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 83% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Exports in Australia and Oceania

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 8.4% to X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 26% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. Overall, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2016 when exports increased by 62% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X units) and New Zealand (X units), together resulting at 100% of total export.

From 2012 to 2021, the biggest increases were in New Zealand (with a CAGR of +8.3%).

In value terms, the largest LCD or LED indicator panel supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of +11.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, picking up by 8.3% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 63%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.0%).

Imports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Imports in Australia and Oceania

In 2021, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 27% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 37% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia dominates imports structure, amounting to X units, which was near 87% of total imports in 2021. It was distantly followed by New Zealand (X units), achieving an 8.9% share of total imports. Palau (X units) held a little share of total imports.

Imports into Australia decreased at an average annual rate of -7.9% from 2012 to 2021. At the same time, Palau (+64.2%) displayed positive paces of growth. Moreover, Palau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +64.2% from 2012-2021. By contrast, New Zealand (-1.2%) illustrated a downward trend over the same period. While the share of New Zealand (+3.8 p.p.) and Palau (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-6.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total imports.

In Australia, LCD or LED indicator panel imports expanded at an average annual rate of +1.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+6.6% per year) and Palau (+22.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, with an increase of 2.4% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 105%. The level of import peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per unit), while Palau ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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