Libya: 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 Libya

The Libyan market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) contracted remarkably to $X in 2021, reducing by -47.1% 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 showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

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

Exports from Libya

In 2021, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 46% to X units, rising for the fourth year in a row after five years of decline. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 386%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, LCD or LED indicator panel exports declined markedly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 514%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and the UK (X units) were the main destinations of LCD or LED indicator panel exports from Libya.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%).

In value terms, the UK ($X) remains the key foreign market for LCD or LED indicator panel exports from Libya, comprising 84% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -1.9%.

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, which is down by -56.2% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2013 an increase of 48% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.7%).

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

Imports into Libya

In 2021, the amount of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imported into Libya shrank notably to X units, dropping by -49.6% compared with the previous year's figure. Overall, imports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 655%. As a result, imports reached the peak of X units, and then dropped markedly in the following year.

In value terms, LCD or LED indicator panel imports declined significantly to $X in 2021. In general, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 503% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of LCD or LED indicator panel to Libya, with a 60% share of total imports. Moreover, LCD or LED indicator panel imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by Turkey (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.5% per year) and Turkey (+5.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of LCD or LED indicator panel to Libya, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Serbia, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.8% per year) and Serbia (+46.5% per year).

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, picking up by 16% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30% against the previous year. 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 Serbia ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+20,793.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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