U.S.: 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 the U.S.

In 2021, after four years of growth, there was significant decline in the U.S. market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when its value decreased by -13.8% to $X. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in the U.S.

In value terms, LCD or LED indicator panel production declined rapidly to $X in 2021. In general, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 1,109% against the previous year. Production peaked at $X in 2020, and then dropped remarkably in the following year.

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

Exports from the U.S.

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were exported from the United States; with a decrease of -25.9% against 2020. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 3.3%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports totaled $X in 2021. Overall, exports recorded a mild curtailment. The pace of growth was the most pronounced in 2014 with an increase of 8.6% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units), Canada (X units) and Italy (X units) were the main destinations of LCD or LED indicator panel exports from the United States, with a combined 58% share of total exports. These countries were followed by Israel, Brazil, China, Singapore, the United Arab Emirates, Japan, France, India, Norway and Hong Kong SAR, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +16.0%), while the other leaders experienced a decline.

In value terms, Mexico ($X), Canada ($X) and Japan ($X) were the largest markets for LCD or LED indicator panel exported from the United States worldwide, together accounting for 35% of total exports. These countries were followed by Brazil, China, Italy, France, Singapore, Israel, India, Norway, Hong Kong SAR and the United Arab Emirates, which together accounted for a further 25%.

Norway, with a CAGR of +29.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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 41% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 136%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Israel ($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 Japan (+27.8%), 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 the U.S.

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -9.2% to X units, falling for the fourth consecutive year after two years of growth. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 18% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), China (X units) and South Korea (X units) were the main suppliers of LCD or LED indicator panel imports to the United States, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +96.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), South Korea ($X) and China ($X) were the largest LCD or LED indicator panel suppliers to the United States, with a combined 62% share of total imports.

Vietnam, with a CAGR of +110.6%, recorded the highest growth rate of 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

The average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, with an increase of 41% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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