Cyprus: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2019

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

The revenue of the market for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in Cyprus amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd), however, continues to indicate strong growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Cyprus consumption of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) peaked in 2018 and is expected to retain its growth in the near future.

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

Exports from Cyprus

In 2018, the amount of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) exported from Cyprus stood at X kg, coming down by -X% against the previous year. Overall, exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) reached their peak of X tons. From 2014 to 2018, the growth of exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) failed to regain its momentum.

In value terms, exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) amounted to $X in 2018. In general, exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) reached their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China dominates exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) structure, resulting at X tons, which was approx. X% of total exports in 2018. It was distantly followed by Taiwan, Chinese (X tons), constituting a X% share of total exports. Germany (X tons), the U.S. (X tons), Thailand (X tons), Singapore (X tons), Italy (X tons), France (X tons), China, Hong Kong SAR (X tons), Malaysia (X tons), Vietnam (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to lcd or led indicator panel exports from China stood at +X%. At the same time, Vietnam (+X%), Portugal (+X%), Thailand (+X%), France (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Malaysia (-X%), China, Hong Kong SAR (-X%), Germany (-X%), Singapore (-X%), the U.S. (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Vietnam and Thailand increased by +X%, +X% and +X% percentage points, while Germany (-X p.p.), Singapore (-X p.p.), the U.S. (-X p.p.) and Taiwan, Chinese (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lcd or led indicator panel supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, exports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Taiwan, Chinese (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the export price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in Cyprus amounted to $X per ton, jumping by X% against the previous year. In general, the export price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) continues to indicate buoyant growth. The growth pace was the most rapid in 2018 an increase of X% y-o-y. In that year, the export prices for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while France ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Portugal, while the other leaders experienced more modest paces of growth.

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

Imports into Cyprus

In 2018, approx. X tons of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) were imported into Cyprus; coming down by -X% against the previous year. In general, imports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd), however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. In that year, imports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) attained their peak of X tons, and then declined slightly in the following year.

In value terms, imports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) stood at $X in 2018. Over the period under review, imports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd), however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Cyprus imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

China (X tons) and the U.S. (X tons) were the major importers of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in 2018, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Germany (X tons), Spain (X tons) and South Korea (X tons), together generating a X% share of total imports. Mexico (X tons), France (X tons), Brazil (X tons), the UK (X tons), Turkey (X tons), Taiwan, Chinese (X tons) and China, Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Cyprus, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In China, imports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the import price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in Cyprus amounted to $X per ton, increasing by X% against the previous year. In general, the import price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Cyprus import price peaked at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform