India: Lcds And Plasmas Market 2024

Lcds And Plasmas Market Size in India

In 2022, the Indian LCDs and plasmas market increased by 3% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Lcds And Plasmas Production in India

In value terms, LCDs and plasmas production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 445%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Lcds And Plasmas Exports

Exports from India

In 2022, overseas shipments of flat panel video monitor, lcd or plasma increased by 5.6% to X units, rising for the third consecutive year after three years of decline. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of 236% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, LCDs and plasmas exports reached $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 178% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), the Philippines (X units) and Bangladesh (X units) were the main destinations of LCDs and plasmas exports from India, with a combined 54% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +128.4%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United States ($X) and France ($X) were the largest markets for LCDs and plasmas exported from India worldwide, with a combined 42% share of total exports. The UK, the United Arab Emirates, Germany, the Philippines, Vietnam, Bangladesh, Saudi Arabia, Nepal, Qatar and Hong Kong SAR lagged somewhat behind, together accounting for a further 34%.

The UK, with a CAGR of +107.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average LCDs and plasmas export price stood at $X per unit in 2022, falling by -4.3% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of 298%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.6%), while the prices for the other major destinations experienced a decline.

Lcds And Plasmas Imports

Imports into India

LCDs and plasmas imports into India soared to X units in 2022, rising by 121% against the previous year's figure. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 190% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, LCDs and plasmas imports skyrocketed to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest LCDs and plasmas supplier to India, with a 55% share of total imports. Moreover, LCDs and plasmas imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.0% per year) and Hong Kong SAR (+26.2% per year).

In value terms, China ($X), Vietnam ($X) and Thailand ($X) were the largest LCDs and plasmas suppliers to India, with a combined 71% share of total imports.

Vietnam, with a CAGR of +149.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average LCDs and plasmas import price stood at $X per unit in 2022, with a decrease of -24.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54% against the previous year. The import price peaked at $X per unit in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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