Kuwait: 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 Kuwait

The Kuwaiti market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) expanded markedly to $X in 2021, rising by 8% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

Exports from Kuwait

LCD or LED indicator panel exports from Kuwait fell markedly to X units in 2021, waning by -54.3% against the previous year's figure. In general, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 263% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports reduced rapidly to $X in 2021. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 336%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Saudi Arabia (X units) and Qatar (X units) were the main destinations of LCD or LED indicator panel exports from Kuwait, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +1.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for LCD or LED indicator panel exported from Kuwait were Bahrain ($X), Saudi Arabia ($X) and Italy ($X), together comprising 73% of total exports. Qatar, Germany, Sweden, the Czech Republic and Belgium lagged somewhat behind, together comprising a further 25%.

Sweden, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, reducing by -17% against the previous year. Overall, the export price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 265%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per unit), while the average price for exports to Italy ($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 Sweden (+27.2%), 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 Kuwait

In 2021, the amount of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imported into Kuwait surged to X units, increasing by 24% against the previous year. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 137% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports declined to $X in 2021. In general, imports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of LCD or LED indicator panel imports to Kuwait, together comprising 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +49.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the United Arab Emirates ($X) were the largest LCD or LED indicator panel suppliers to Kuwait, with a combined 63% share of total imports. These countries were followed by the United States, New Zealand and the Netherlands, which together accounted for a further 17%.

New Zealand, with a CAGR of +49.6%, 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 import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, declining by -27.9% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($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 (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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