HS Code:
Liquid Crystal Display (LCD) television panel assemblies with a video display diagonal measuring over 101.6 cm but not over 124.46 cm (provided for in subheading 9013.80.90) are critical components in the production of large-screen televisions. These panels are used in a variety of consumer electronics and are characterized by their high-resolution display capabilities, energy efficiency, and slim design. This category falls under the Harmonized System (HS) code 9013.80.90, which covers other optical appliances and instruments. The global trade of LCD TV panels is driven by demand for larger screen sizes in households and commercial settings, technological advancements in display quality, and the growing popularity of smart TVs.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 6.2 billion
49.6% of total trade of total trade
Increasing
USD 3.1 billion
24.8% of total trade of total trade
Stable
USD 1.8 billion
14.4% of total trade of total trade
Increasing
USD 0.9 billion
7.2% of total trade of total trade
Decreasing
USD 0.5 billion
4.0% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Shift to larger screen sizes
Increased demand for LCD panels in the 101.6 cm to 124.46 cm range as consumers prefer immersive viewing experiences, driving trade volume growth.
2021-2022
Adoption of 4K and 8K resolution technologies
Higher production costs but also higher value per unit traded, leading to increased export revenues for technologically advanced countries like South Korea and Taiwan.
2020-2022
Rise of OLED competition
Slight decline in LCD panel demand in premium markets as OLED technology gains traction, affecting trade volumes for traditional LCD panels.
2022
China has significantly increased its production capacity for LCD panels, with new manufacturing plants coming online in 2022, further solidifying its dominance in the global market.
March 2022
Increased export volumes from China, potentially leading to lower global prices and intensified competition.
The United States extended tariffs on Chinese-made LCD panels as part of ongoing trade tensions, impacting the cost of imports for American manufacturers.
September 2022
Higher costs for US-based TV assemblers, potentially shifting some sourcing to other countries like South Korea or Taiwan.
The European Union introduced stricter environmental regulations on electronic components, including energy efficiency standards for LCD panels.
January 2023
Increased compliance costs for exporters to the EU, but also opportunities for manufacturers with sustainable practices.