Eastern Europe: 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 Eastern Europe

The East European market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X in 2021, picking up by 4.3% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.7% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

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

In value terms, LCD or LED indicator panel production dropped significantly to $X in 2021 estimated in export price. Overall, production enjoyed moderate growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 130%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

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

Exports in Eastern Europe

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 for the first time since 2016, thus ending a four-year declining trend. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 47% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 70% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Poland (X units) and Slovakia (X units) were the main exporters of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Eastern Europe, together comprising 59% of total exports. The Czech Republic (X units) ranks next in terms of the total exports with a 14% share, followed by Hungary (9.5%). Romania (X units), Russia (X units) and Bulgaria (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest LCD or LED indicator panel supplying countries in Eastern Europe were Slovakia ($X), Poland ($X) and the Czech Republic ($X), together accounting for 79% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +29.6%, 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 export price in Eastern Europe amounted to $X per unit, rising by 13% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 +82.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Romania ($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 (+9.3%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were imported in Eastern Europe; with an increase of 6.8% on 2020 figures. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.5% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 28% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, LCD or LED indicator panel imports surged to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X units), Romania (X units) and Poland (X units) represented roughly 69% of total imports in 2021. It was distantly followed by Hungary (X units), Slovakia (X units) and Russia (X units), together constituting a 24% share of total imports. Bulgaria (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Slovakia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 63% of total imports.

In terms of the main importing countries, Slovakia, with a CAGR of +24.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, picking up by 9.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per unit), while the Czech Republic ($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 (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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