EU: 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 the EU

For the sixth year in a row, the EU market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) recorded growth in sales value, which increased by 26% to $X in 2021. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.6% against 2014 indices. As a result, consumption attained 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 the EU

In value terms, LCD or LED indicator panel production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

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

Exports in the EU

In 2021, lcd or led indicator panel exports in the European Union surged to X units, increasing by 17% compared with 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. The volume of export 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 totaled $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 11%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Spain (X units), the Netherlands (X units), Germany (X units), Italy (X units) and Belgium (X units), together resulting at 62% of total export. France (X units) held the next position in the ranking, followed by Austria (X units) and Poland (X units). All these countries together held near 16% share of total exports. Sweden (X units), Slovakia (X units), Ireland (X units), Finland (X units) and Portugal (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 44% share of total exports. The Netherlands, Sweden, Slovakia, France, Poland, Belgium, Spain, Portugal, Finland and Ireland lagged somewhat behind, together comprising a further 50%.

Poland, with a CAGR of +29.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, which is down by -8.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 8.3%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while Spain ($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 the EU

In 2021, after two years of decline, there was significant growth in overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume increased by 32% to X units. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 rose sharply to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium represented the key importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in the European Union, with the volume of imports amounting to X units, which was near 32% of total imports in 2021. It was distantly followed by Germany (X units), France (X units), Spain (X units), the Czech Republic (X units), Italy (X units) and Romania (X units), together constituting a 45% share of total imports. The following importers - Poland (X units), Austria (X units), the Netherlands (X units), Sweden (X units), Hungary (X units) and Portugal (X units) - together made up 17% 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. At the same time, Romania (+13.6%), Austria (+11.0%), Poland (+9.5%), Spain (+6.2%), France (+2.9%), Italy (+2.6%), Hungary (+2.2%) and Portugal (+1.8%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Sweden (-3.3%), Germany (-4.2%) and the Netherlands (-8.0%) illustrated a downward trend over the same period. While the share of Belgium (+28 p.p.) and Romania (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of France (-1.9 p.p.), Sweden (-2.9 p.p.), the Czech Republic (-3.5 p.p.), the Netherlands (-7.3 p.p.) and Germany (-14.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest LCD or LED indicator panel importing markets in the European Union were Germany ($X), France ($X) and Austria ($X), together accounting for 46% of total imports.

Among the main importing countries, Austria, with a CAGR of +15.2%, saw 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 the European Union amounted to $X per unit, falling by -14.5% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the import price increased by 2.4%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained 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 Austria ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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