Southern Asia: 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 Southern Asia

The South Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) shrank modestly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, 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 contracted modestly to $X in 2023 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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

Exports in Southern Asia

In 2023, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2023. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

The shipments of the one major exporters of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) exports, with a CAGR of X% from 2012 to 2023. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest LCD or LED indicator panel supplier in Southern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

In 2023, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports showed a strong increase. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, LCD or LED indicator panel imports declined slightly to $X in 2023. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell modestly in the following year.

Imports by Country

India dominates imports structure, recording X units, which was approx. X% of total imports in 2023. Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to LCD or LED indicator panel imports into India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while India amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Source: IndexBox Platform