Denmark: 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 Denmark

In 2021, the Danish market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -33.5% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

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

In value terms, LCD or LED indicator panel production surged to $X in 2021 estimated in export price. In general, production, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 374%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports from Denmark

In 2021, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 48% to X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, recorded a drastic downturn. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports surged to $X in 2021. Over the period under review, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 43%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for LCD or LED indicator panel exports from Denmark, with a 51% share of total exports. Moreover, LCD or LED indicator panel exports to Germany exceeded the volume sent to the second major destination, Iceland (X units), fourfold. Norway (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+27.8% per year) and Norway (-2.5% per year).

In value terms, Germany ($X) remains the key foreign market for LCD or LED indicator panel exports from Denmark, comprising 34% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+36.2% per year) and Norway (+5.9% per year).

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, reducing by -16.2% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.0% 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 export price increased by +122.3% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 44%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Iceland ($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 Norway (+8.6%), 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 Denmark

For the fourth consecutive year, Denmark recorded decline in supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), which decreased by -8.5% to X units in 2021. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 102%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports plummeted to $X in 2021. Over the period under review, imports showed a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 86%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X units), Germany (X units) and China (X units) were the main suppliers of LCD or LED indicator panel imports to Denmark, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +336.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of LCD or LED indicator panel to Denmark, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +379.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.3% per year) and Taiwan (Chinese) (-2.3% per year).

Import Prices by Country

The average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, which is down by -19.8% against the previous year. Over the period under review, the import price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 77% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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