Kenya: 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 Kenya

The Kenyan market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) dropped remarkably to $X in 2022, declining by X% 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). In general, consumption, however, recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then contracted sharply in the following year.

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

Exports from Kenya

In 2022, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were exported from Kenya; dropping by X% on the previous year's figure. Over the period under review, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports plummeted to $X in 2022. Overall, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burundi (X units) was the main destination for LCD or LED indicator panel exports from Kenya, accounting for a X% share of total exports. Moreover, LCD or LED indicator panel exports to Burundi exceeded the volume sent to the second major destination, Somalia (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Burundi amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and Oman (X% per year).

In value terms, Burundi ($X), Somalia ($X) and Oman ($X) constituted the largest markets for LCD or LED indicator panel exported from Kenya worldwide, together accounting for X% of total exports.

Among the main countries of destination, Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, falling by X% against the previous year. In general, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Burundi ($X 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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Kenya

LCD or LED indicator panel imports into Kenya fell markedly to X units in 2022, which is down by X% against the previous year. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, LCD or LED indicator panel imports fell markedly to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of LCD or LED indicator panel to Kenya, accounting for a X% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Israel ($X) constituted the largest LCD or LED indicator panel suppliers to Kenya, with a combined X% share of total imports.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, growing by X% against the previous year. In general, the import price showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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