Overview of the Global Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

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

In 2021, after four years of growth, there was significant decline in the global market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when its value decreased by -5.1% to $X. Overall, consumption showed a measured expansion. Global consumption peaked at $X in 2020, and then shrank in the following year.

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

In value terms, LCD or LED indicator panel production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by 128%. Over the period under review, global production reached the maximum level at $X in 2020, and then dropped in the following year.

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

Exports

In 2021, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 15% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 68%. Over the period under review, the global exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the largest exporting country with an export of about X units, which reached 47% of total exports. Indonesia (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (12%) and Taiwan (Chinese) (5.4%). Thailand (X units), Spain (X units), the Netherlands (X units) and Germany (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Indonesia (+49.3%), Spain (+18.0%), Thailand (+17.0%) and Hong Kong SAR (+2.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +49.3% from 2012-2021. By contrast, the Netherlands (-2.8%), Taiwan (Chinese) (-3.0%) and Germany (-8.8%) illustrated a downward trend over the same period. While the share of Indonesia (+12 p.p.), China (+8.5 p.p.), Thailand (+2.7 p.p.) and Spain (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-2.5 p.p.) and Taiwan (Chinese) (-2.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest LCD or LED indicator panel supplier worldwide, comprising 23% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.2% share of global exports. It was followed by Hong Kong SAR, with an 8.7% share.

In China, LCD or LED indicator panel exports expanded at an average annual rate of +4.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-18.7% per year) and Hong Kong SAR (+1.3% 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, rising by 2.5% against the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, after two years of decline, there was significant growth in supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume increased by 19% to X units. Overall, imports, however, showed a noticeable reduction. Global imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports expanded notably to $X in 2021. Over the period under review, imports, however, showed a perceptible decline. Over the period under review, global imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), namely Hong Kong SAR, Belgium, Malaysia, Thailand, the United States, South Korea, Germany, Mexico, France, Spain, China and the Czech Republic, represented more than two-thirds of total import. Taiwan (Chinese) (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +32.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) worldwide, comprising 20% of global imports. The second position in the ranking was taken by Germany ($X), with an 8.5% share of global imports. It was followed by Mexico, with a 5.4% share.

In the United States, LCD or LED indicator panel imports expanded at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-6.6% per year) and Mexico (+4.9% 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, shrinking by -8.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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