CIS: 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 CIS

In 2023, the CIS market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption posted a resilient increase. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

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

In value terms, LCD or LED indicator panel production declined modestly to $X in 2023 estimated in export price. Overall, production showed a tangible expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

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

Exports in CIS

In 2023, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were exported in the CIS; picking up by X% compared with 2022. In general, exports, however, saw a abrupt curtailment. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports soared to $X in 2023. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Kazakhstan (X units), constituting a X% share of total exports. Armenia (X units) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Armenia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. Russia (X p.p.), Kazakhstan (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest LCD or LED indicator panel supplying countries in the CIS were Russia ($X), Kazakhstan ($X) and Armenia ($X), with a combined X% share of total exports.

Armenia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in CIS

In 2023, purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. 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 surged to $X in 2023. In general, imports recorded notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, amounting to X units, which was near X% of total imports in 2023. It was distantly followed by Belarus (X units) and Uzbekistan (X units), together constituting a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Russia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform