Uzbekistan: 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 Uzbekistan

The Uzbek market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) skyrocketed to $X in 2021, jumping by 26% 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, consumption, however, enjoyed a significant increase. Consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

Exports from Uzbekistan

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were exported from Uzbekistan; declining by -91.9% compared with 2020. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 938% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports declined remarkably to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 16,332%. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined sharply in the following year.

Exports by Country

Ukraine (X units), Azerbaijan (X units) and Kyrgyzstan (X units) were the main destinations of LCD or LED indicator panel exports from Uzbekistan, together comprising 92% of total exports.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Azerbaijan ($X), Ukraine ($X) and Kyrgyzstan ($X) constituted the largest markets for LCD or LED indicator panel exported from Uzbekistan worldwide, together comprising 96% of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +35.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, reducing by -36.1% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,477% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+489.4%), 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 Uzbekistan

In 2021, purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -34.5% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 432%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports soared to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 450%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Uzbekistan, with a 88% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was held by Sweden (X units), with a 2.9% share.

From 2017 to 2021, the average annual growth rate of volume from China totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+266.3% per year) and Sweden (+156.0% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Uzbekistan, comprising 86% of total imports. The second position in the ranking was held by Sweden ($X), with a 3% share of total imports. It was followed by the Netherlands, with a 1.5% share.

From 2017 to 2021, the average annual growth rate of value from China amounted to +85.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+226.2% per year) and the Netherlands (+41.0% per year).

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, picking up by 93% against the previous year. Overall, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+50.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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