Netherlands: 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 the Netherlands

In 2021, the Dutch market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -56.8% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a abrupt decrease. Consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, LCD or LED indicator panel production expanded sharply to $X in 2021 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +30.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

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

Exports from the Netherlands

In 2021, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) was finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a perceptible reduction. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 85%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Belgium (X units) was the main destination for LCD or LED indicator panel exports from the Netherlands, with a 23% share of total exports. Moreover, LCD or LED indicator panel exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by the UK (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.2% per year) and the UK (-5.5% per year).

In value terms, Belgium ($X), the United States ($X) and Italy ($X) appeared to be the largest markets for LCD or LED indicator panel exported from the Netherlands worldwide, together accounting for 35% of total exports. Hong Kong SAR, the UK, Germany, Spain, France, the Czech Republic, Ireland, Poland, Australia and Bulgaria lagged somewhat behind, together accounting for a further 38%.

Bulgaria, with a CAGR of +93.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, with a decrease of -46.7% against the previous year. In general, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2013 an increase of 56% against the previous year. The export price peaked at $X per unit in 2020, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Netherlands

In 2021, purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -2.6% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports skyrocketed to $X in 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 43%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest LCD or LED indicator panel supplier to the Netherlands, with a 50% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Belgium (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Belgium (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to the Netherlands, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and the United States (-9.4% per year).

Import Prices by Country

In 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, growing by 21% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, LCD or LED indicator panel import price increased by +35.8% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 66%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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