Central Asia: 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 Central Asia

In 2021, the Central Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 5.7% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.8% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, LCD or LED indicator panel production expanded rapidly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -32.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports in Central Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume decreased by -42.2% to X units. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 112% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports shrank markedly to $X in 2021. In general, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 133% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, resulting at X units, which was approx. 92% of total exports in 2021. It was distantly followed by Turkmenistan (X units), comprising a 5.9% share of total exports.

Kazakhstan was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) exports, with a CAGR of -4.5% from 2012 to 2021. Turkmenistan (-12.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan increased by +5.5 percentage points.

In value terms, Kazakhstan ($X) remains the largest LCD or LED indicator panel supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Turkmenistan ($X), with an 8.3% share of total exports.

In Kazakhstan, LCD or LED indicator panel exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, declining by -38% against the previous year. In general, the export price, however, saw mild growth. The growth pace was the most rapid in 2014 an increase of 359%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Turkmenistan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.3%).

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

Imports in Central Asia

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were imported in Central Asia; picking up by 25% compared with 2020 figures. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 60% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, LCD or LED indicator panel imports skyrocketed to $X in 2021. Overall, imports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Kazakhstan was the major importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Central Asia, with the volume of imports reaching X units, which was near 57% of total imports in 2021. It was distantly followed by Uzbekistan (X units) and Turkmenistan (X units), together making up a 41% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +31.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) constituted the countries with the highest levels of imports in 2021, together comprising 97% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +83.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, with an increase of 1.6% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the import price increased by 70% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+39.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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