Report Update: May 1, 2024

Turkey - Indicator Panels Incorporating Liquid Crystal Devices (Lcd) Or Light Emitting Diodes (Led) - Market Analysis, Forecast, Size, Trends and Insights

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Price for LCD or LED Indicator Panel in Turkey - 2023

Price for LCD or LED Indicator Panel in Turkey (CIF) - 2023

The average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $4.1 per unit in July 2023, approximately mirroring the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 28% month-to-month. Over the period under review, average import prices attained the maximum at $4.5 per unit in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($15.8 per unit), while the price for China ($2.8 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for LCD or LED Indicator Panel in Turkey (FOB) - 2022

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $2.1 per unit in 2022, increasing by 8.9% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $3.2 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($3.9 per unit), while the average price for exports to Burkina Faso ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of LCD or LED Indicator Panel in Turkey

LCD or LED indicator panel imports into Turkey expanded rapidly to 15M units in 2022, with an increase of 5.6% against 2021. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports reached the peak of 17M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports stood at $56M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of LCD or LED Indicator Panel in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	22.2	29.2	37.8	35.8	17.3%
Poland	3.1	4.3	2.1	3.5	4.1%
Italy	1.9	1.5	1.5	2.7	12.4%
United Kingdom	1.5	2.6	1.5	1.6	2.2%
South Korea	3.4	2.4	1.3	1.3	-27.4%
France	0.4	0.5	0.5	0.9	31.0%
Others	12.2	9.2	8.4	10.2	-5.8%
Total	44.7	49.7	53.1	56.1	7.9%

Top Suppliers of LCD or LED Indicator Panel to Turkey in 2022:

China (12.1M units)
Italy (0.6M units)
Poland (0.5M units)
France (0.3M units)
United Kingdom (0.3M units)
South Korea (0.3M units)

Exports of LCD or LED Indicator Panel in Turkey

In 2022, approx. 4M units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were exported from Turkey; picking up by 31% compared with the previous year. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel exports soared to $8.3M in 2022. Overall, exports, however, recorded a noticeable decline. Over the period under review, the exports reached the maximum at $8.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of LCD or LED Indicator Panel in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	663	682	576	779	5.5%
Algeria	10.9	207	182	774	314.1%
Poland	576	475	441	531	-2.7%
Pakistan	32.7	0.6	3.7	458	141.0%
Jordan	22.9	78.7	73.7	337	145.1%
Romania	135	124	333	251	23.0%
Georgia	142	54.5	37.9	201	12.3%
Russia	46.8	9.0	86.9	188	59.0%
Libya	7.4	24.1	42.9	187	193.5%
France	101	209	223	175	20.1%
Egypt	47.8	42.1	60.0	172	53.2%
Burkina Faso	1.8	2.0	N/A	150	336.8%
Turkmenistan	32.8	50.7	265	29.7	-3.3%
Others	7,108	3,460	3,464	4,032	-17.2%
Total	8,928	5,418	5,788	8,265	-2.5%

Top Export Markets for LCD or LED Indicator Panel from Turkey in 2022:

Burkina Faso (621.0K units)
Algeria (412.0K units)
Libya (304.7K units)
Germany (295.3K units)
Poland (216.6K units)
France (185.3K units)
Pakistan (133.6K units)
Georgia (111.8K units)
Russia (109.3K units)
Jordan (86.5K units)
Turkmenistan (84.3K units)
Egypt (78.2K units)
Romania (72.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for lcd or led indicator panel in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27902020 - Indicator panels incorporating liquid crystal display (LCD)
Prodcom 27902050 - Indicator panels incorporating light emitting diodes (LED)

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023