MERCOSUR: 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 MERCOSUR

The MERCOSUR market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) skyrocketed to $X in 2021, with an increase of 23% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, LCD or LED indicator panel production declined to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

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

Exports in MERCOSUR

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports reduced to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 30% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the key exporting country with an export of about X units, which accounted for 35% of total exports. Uruguay (X units) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Ecuador (17%), Chile (14%), Colombia (6%) and Argentina (4.6%). Peru (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Chile (with a CAGR of +38.8%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest LCD or LED indicator panel supplier in MERCOSUR, comprising 85% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 4.4% share of total exports. It was followed by Chile, with a 4.3% share.

In Brazil, LCD or LED indicator panel exports contracted by an average annual rate of -14.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (+0.8% per year) and Chile (+10.3% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, dropping by -20.9% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+10.6%), while the other leaders experienced more modest paces of growth.

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

Imports in MERCOSUR

In 2021, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) was finally on the rise to reach X units after three years of decline. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.6% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 40%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a pronounced shrinkage. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Colombia (X units) and Argentina (X units) represented roughly 55% of total imports in 2021. It was distantly followed by Brazil (X units), Paraguay (X units) and Ecuador (X units), together achieving a 36% share of total imports. The following importers - Chile (X units) and Peru (X units) - together made up 7.2% of total imports.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in MERCOSUR, comprising 61% of total imports. The second position in the ranking was held by Chile ($X), with a 13% share of total imports. It was followed by Colombia, with an 11% share.

In Brazil, LCD or LED indicator panel imports declined by an average annual rate of -3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-0.3% per year) and Colombia (+3.3% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, rising by 2% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 44%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform