Southern Asia: 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 Southern Asia

In 2021, the South Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 37% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, LCD or LED indicator panel production expanded remarkably to $X in 2021 estimated in export price. In general, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 96%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 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 Southern Asia

In 2021, the amount of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) exported in Southern Asia expanded significantly to X units, increasing by 10% against the previous year. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 120% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports contracted remarkably to $X in 2021. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 137%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh (X units) and India (X units) represented roughly 98% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bangladesh (with a CAGR of +53.6%).

In value terms, India ($X) and Bangladesh ($X) constituted the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Bangladesh, with a CAGR of +9.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, dropping by -30.4% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 63% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-11.1%).

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

Imports in Southern Asia

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 90% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate buoyant growth. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.7% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 87% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India dominates imports structure, finishing at X units, which was near 96% of total imports in 2021. Bangladesh (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imports, with a CAGR of +13.1% from 2012 to 2021. At the same time, Bangladesh (+11.0%) displayed positive paces of growth. While the share of India (+10 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 4% share of total imports.

In India, LCD or LED indicator panel imports expanded at an average annual rate of +3.4% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, shrinking by -36.6% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 93%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per unit), while India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-8.3%).

Source: IndexBox Platform

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