Iran: 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 Iran

In 2021, the Iranian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 8.2% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, saw a noticeable decline. Consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

Exports from Iran

LCD or LED indicator panel exports from Iran surged to X units in 2021, jumping by 309% compared with the year before. In general, exports, however, showed a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 338% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for LCD or LED indicator panel exports from Iran, with a 64% share of total exports. Moreover, LCD or LED indicator panel exports to Turkey exceeded the volume sent to the second major destination, France (X units), sixfold. The third position in this ranking was held by Sri Lanka (X units), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.7% per year) and Sri Lanka (-10.6% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for LCD or LED indicator panel exports from Iran, comprising 64% of total exports. The second position in the ranking was taken by Turkey ($X), with a 10% share of total exports. It was followed by France, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Sri Lanka stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+28.3% per year) and France (+42.1% per year).

Export Prices by Country

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, with an increase of 21% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 51%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Iran

For the third year in a row, Iran recorded growth in purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), which increased by 14% to X units in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2,607% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports expanded notably to $X in 2021. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 3,533% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Taiwan (Chinese) (X units) were the main suppliers of LCD or LED indicator panel imports to Iran, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +21.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest LCD or LED indicator panel suppliers to Iran were China ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X), with a combined 93% share of total imports.

In terms of the main suppliers, China, with a CAGR of +1.6%, saw the highest rates of growth with regard to 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, waning by -6.7% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 34%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($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 Arab Emirates (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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