Belgium: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2025

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Belgium

The Belgian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) surged to $X in 2021, increasing by 948% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, LCD or LED indicator panel production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible setback. The growth pace was the most rapid in 2019 when the production volume increased by 156% against the previous year. Production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

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

Exports from Belgium

In 2021, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 1% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 258% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 47%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main destinations of LCD or LED indicator panel exports from Belgium, with a combined 66% share of total exports. Italy, Cyprus, Romania, Slovenia, Spain, the Czech Republic, Bulgaria, the UK and the United States lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were in Cyprus (with a CAGR of +110.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest markets for LCD or LED indicator panel exported from Belgium worldwide, together accounting for 51% of total exports. These countries were followed by Italy, Spain, Bulgaria, the United States, the Czech Republic, the UK, Slovenia, Cyprus and Romania, which together accounted for a further 32%.

In terms of the main countries of destination, Cyprus, with a CAGR of +80.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, rising by 26% against the previous year. In general, the export price, however, showed a deep contraction. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Cyprus ($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 (+11.4%), 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 Belgium

In 2021, imports of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) into Belgium surged to X units, rising by 509% compared with 2020. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel imports surged to $X in 2021. In general, imports showed a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of LCD or LED indicator panel imports to Belgium, together comprising 82% of total imports. The Netherlands, Sweden, Estonia and Bulgaria lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +280.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Belgium, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Bulgaria, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.8% per year) and Bulgaria (+169.1% 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, declining by -78.2% against the previous year. In general, the import price showed a dramatic downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 80% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Bulgaria ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (-13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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