Brazil: 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 Brazil

The Brazilian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) soared to $X in 2021, growing by 15% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

In value terms, LCD or LED indicator panel production dropped to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 17%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

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

Exports from Brazil

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -17.6% to X units, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 34% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports contracted to $X in 2021. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 31%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X units), Argentina (X units) and Mexico (X units) were the main destinations of LCD or LED indicator panel exports from Brazil, with a combined 46% share of total exports. The United States, Italy, Peru, Singapore, Colombia, Chile, Denmark, Paraguay and Venezuela lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +116.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for LCD or LED indicator panel exports from Brazil, comprising 37% of total exports. The second position in the ranking was held by Mexico ($X), with a 16% share of total exports. It was followed by Argentina, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-11.0% per year) and Argentina (+17.2% per year).

Export Prices by Country

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, picking up by 11% against the previous year. Overall, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 34% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Brazil

LCD or LED indicator panel imports into Brazil rose notably to X units in 2021, with an increase of 8.7% compared with 2020. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.0% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 67% against the previous year. As a result, imports attained the peak of X units; afterwards, it flattened through to 2021.

In value terms, LCD or LED indicator panel imports surged to $X in 2021. Over the period under review, imports, however, recorded a pronounced downturn. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and France (X units) were the main suppliers of LCD or LED indicator panel imports to Brazil, together accounting for 75% of total imports. Japan, the United States, Hong Kong SAR and Thailand lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +33.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Brazil, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total imports. It was followed by Taiwan (Chinese), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.3% per year) and Taiwan (Chinese) (+12.4% per year).

Import Prices by Country

In 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, growing by 14% against the previous year. Overall, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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