Benelux: 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 Benelux

The Benelux market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) soared to $X in 2021, with an increase of 339% against the previous year. In general, 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 Benelux

In value terms, LCD or LED indicator panel production amounted to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 50%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

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

Exports in Benelux

In 2021, lcd or led indicator panel exports in Benelux surged to X units, growing by 43% on the previous year. Over the period under review, exports saw a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by 67% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 23%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units) and Belgium (X units) represented roughly 100% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +9.2%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021.

The Netherlands, with a CAGR of +0.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, shrinking by -16.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 34%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%).

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

Imports in Benelux

In 2021, lcd or led indicator panel imports in Benelux soared to X units, increasing by 310% compared with 2020 figures. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached 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, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium dominates imports structure, finishing at X units, which was near 91% of total imports in 2021. It was distantly followed by the Netherlands (X units), creating a 9% share of total imports.

Belgium was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imports, with a CAGR of +32.1% from 2012 to 2021. The Netherlands (-8.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium increased by +63 percentage points.

In value terms, the largest LCD or LED indicator panel importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Belgium, with a CAGR of +3.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, reducing by -69.5% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth was the most pronounced in 2019 when the import price increased by 46%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%).

Source: IndexBox Platform