Indonesia: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2024

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

In 2021, the Indonesian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a prominent expansion. Consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

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

In value terms, LCD or LED indicator panel production soared to $X in 2021 estimated in export price. Overall, production enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 247%. Production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports from Indonesia

LCD or LED indicator panel exports from Indonesia reached X units in 2021, surging by 15% against the previous year's figure. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 10,531% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 2,914%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Brazil (X units) was the main destination for LCD or LED indicator panel exports from Indonesia, accounting for a 59% share of total exports. Moreover, LCD or LED indicator panel exports to Brazil exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The third position in this ranking was held by Poland (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to +172.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+79.4% per year) and Poland (+31.5% per year).

In value terms, Brazil ($X) remains the key foreign market for LCD or LED indicator panel exports from Indonesia, comprising 60% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by Poland, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to +141.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+51.3% per year) and Poland (+30.2% 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, jumping by 59% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2016 when the average export price increased by 321%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Poland ($X per unit) and Mexico ($X per unit), while the average price for exports to Russia ($X per unit) and India ($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 Poland (-1.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Indonesia

In 2021, the amount of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imported into Indonesia rose notably to X units, growing by 14% compared with 2020. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 54%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports rose significantly to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Indonesia, with a 60% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. South Korea (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-4.6% per year) and South Korea (-10.5% per year).

In value terms, Singapore ($X), China ($X) and South Korea ($X) constituted the largest LCD or LED indicator panel suppliers to Indonesia, with a combined 83% share of total imports.

Among the main suppliers, Singapore, with a CAGR of -9.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

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, which is down by -3.7% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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