Peru: 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 Peru

The Peruvian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) shrank to $X in 2021, waning by -11.8% 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, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.5% against 2018 indices. Consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

Exports from Peru

In 2021, exports of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) from Peru soared to X units, increasing by 319% compared with 2020 figures. In general, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X units) was the main destination for LCD or LED indicator panel exports from Peru, accounting for a 86% share of total exports. Moreover, LCD or LED indicator panel exports to Ecuador exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+2.3% per year) and the Netherlands (+56.5% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for LCD or LED indicator panel exports from Peru, comprising 92% of total exports. The second position in the ranking was taken by the United States ($X), with a 4% share of total exports. It was followed by the Netherlands, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.5% per year) and the Netherlands (+77.9% 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, rising by 22% against the previous year. In general, the export price saw a notable expansion. The most prominent rate of growth was recorded in 2014 an increase of 162% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Chile ($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 the Netherlands (+7.6%), 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 Peru

LCD or LED indicator panel imports into Peru shrank to X units in 2021, falling by -13% on the year before. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 58% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports contracted to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest LCD or LED indicator panel supplier to Peru, accounting for a 63% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. Spain (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+39.2% per year) and Spain (+0.6% per year).

In value terms, China ($X), Mexico ($X) and Italy ($X) appeared to be the largest LCD or LED indicator panel suppliers to Peru, together accounting for 59% of total imports.

Italy, with a CAGR of +42.0%, 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

In 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, with an increase of 4.1% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The growth pace was the most rapid in 2019 an increase of 52%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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