Croatia: 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 Croatia

In 2021, the Croatian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) was finally on the rise to reach $X after two years of decline. In general, consumption posted a buoyant expansion. Consumption peaked in 2021 and is likely to see steady growth in the near future.

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

In value terms, LCD or LED indicator panel production surged to $X in 2021 estimated in export price. In general, production recorded a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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

Exports from Croatia

In 2021, after two years of growth, there was significant decline in overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume decreased by -44.1% to X units. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports expanded notably to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 30% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and Albania (X units) were the main destinations of LCD or LED indicator panel exports from Croatia, together accounting for 54% of total exports. These countries were followed by Slovenia, Montenegro, the United States, France, the Netherlands and Austria, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were in Montenegro (with a CAGR of +44.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Montenegro ($X) appeared to be the largest markets for LCD or LED indicator panel exported from Croatia worldwide, together comprising 39% of total exports. Serbia, the United States, Albania, France, Austria and the Netherlands lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, the United States, with a CAGR of +59.2%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, picking up by 97% against the previous year. In general, the export price enjoyed resilient growth. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($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 (+17.7%), 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 Croatia

In 2021, after three years of growth, there was decline in purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume decreased by -1.7% to X units. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.9% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by 56% against the previous year. Imports peaked at X units in 2020, and then fell modestly in the following year.

In value terms, LCD or LED indicator panel imports fell to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 38%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Croatia, accounting for a 30% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), twofold. The third position in this ranking was held by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+33.3% per year) and Italy (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Croatia, comprising 30% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.1% per year) and Germany (-3.8% 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, with a decrease of -6.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 43%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :