MENA: 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 MENA

In 2021, the MENA's market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -0.2% to $X, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, LCD or LED indicator panel production reached $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 53% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in MENA

LCD or LED indicator panel exports skyrocketed to X units in 2021, growing by 23% against the previous year's figure. In general, exports, however, faced a precipitous decline. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a sharp decrease. The growth pace was the most rapid in 2017 when exports increased by 57% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, recording X units, which was near 90% of total exports in 2021. It was distantly followed by Israel (X units), comprising a 5.2% share of total exports. Tunisia (X units) took a little share of total exports.

Exports from Turkey decreased at an average annual rate of -25.7% from 2012 to 2021. At the same time, Tunisia (+9.6%) and Israel (+5.1%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +9.6% from 2012-2021. Israel (+5 p.p.) and Tunisia (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -9.7% from 2012 to 2021, respectively.

In value terms, the largest LCD or LED indicator panel supplying countries in MENA were Turkey ($X), Tunisia ($X) and Israel ($X), with a combined 69% share of total exports.

Among the main exporting countries, Tunisia, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, with an increase of 11% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, LCD or LED indicator panel export price decreased by -25.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 54%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Tunisia ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+5.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MENA

In 2021, the amount of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imported in MENA dropped to X units, which is down by -7.8% on 2020. Overall, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports dropped to $X in 2021. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Turkey represented the largest importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in MENA, with the volume of imports accounting for X units, which was near 43% of total imports in 2021. Iran (X units) ranks second in terms of the total imports with a 15% share, followed by Morocco (8.1%), the United Arab Emirates (7.6%), Oman (4.7%) and Qatar (4.6%). Israel (X units) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of -33.6% from 2012 to 2021. At the same time, Qatar (+18.5%), Oman (+16.9%) and Morocco (+7.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +18.5% from 2012-2021. Iran experienced a relatively flat trend pattern. By contrast, Israel (-2.5%) and the United Arab Emirates (-8.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Iran, Morocco, the United Arab Emirates, Oman, Qatar and Israel increased by +14, +7.8, +6.6, +4.6, +4.5 and +4 percentage points, respectively.

In value terms, the largest LCD or LED indicator panel importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 60% share of total imports. Iran, Qatar, Morocco and Oman lagged somewhat behind, together accounting for a further 15%.

Among the main importing countries, Qatar, with a CAGR of +11.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 68%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while Morocco ($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 (+15.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform