Canada: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2025

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

In 2021, the Canadian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 4.2% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

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

In value terms, LCD or LED indicator panel production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded mild growth. The pace of growth appeared the most rapid in 2017 with an increase of 441% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

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

Exports from Canada

In 2021, lcd or led indicator panel exports from Canada rose rapidly to X units, with an increase of 7.2% on 2020 figures. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 15% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports surged to $X in 2021. Overall, exports, however, saw a deep slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for LCD or LED indicator panel exports from Canada, accounting for a 72% share of total exports. Moreover, LCD or LED indicator panel exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. Australia (X units) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-8.5% per year) and Australia (-10.8% per year).

In value terms, the United States ($X) remains the key foreign market for LCD or LED indicator panel exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by the UK ($X), with a 3.7% share of total exports. It was followed by Australia, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.2% per year) and Australia (-5.6% per year).

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, growing by 13% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, LCD or LED indicator panel export price increased by +65.8% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were France ($X per unit) and Australia ($X per unit), while the average price for exports to the United States ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.8%), 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 Canada

LCD or LED indicator panel imports into Canada skyrocketed to X units in 2021, growing by 26% on 2020. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel imports skyrocketed to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Canada, accounting for a 60% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Mexico (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.6% per year) and Mexico (+20.4% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Canada, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Mexico, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.4% per year) and Mexico (+23.3% per year).

Import Prices by Country

The average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, rising by 8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Vietnam ($X per unit) and Mexico ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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