EU: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in the EU

The EU panel display manufacturing machine market soared to $X in 2021, increasing by 38% against the previous year. Over the period under review, consumption, however, saw a notable expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in the EU

In value terms, panel display manufacturing machine production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production posted moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in the EU

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -16.8% to X units, falling for the third year in a row after seven years of growth. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 157% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports skyrocketed to $X in 2021. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 311% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany was the largest exporter of machines for the manufacture of flat panel displays in the European Union, with the volume of exports recording X units, which was approx. 81% of total exports in 2021. It was distantly followed by Belgium (X units), creating an 11% share of total exports.

Germany was also the fastest-growing in terms of the machines for the manufacture of flat panel displays exports, with a CAGR of +16.5% from 2012 to 2021. Belgium (-14.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany increased by +62 percentage points.

In value terms, Germany ($X) remains the largest panel display manufacturing machine supplier in the European Union, comprising 96% of total exports. The second position in the ranking was taken by Belgium ($X), with a 0.2% share of total exports.

In Germany, panel display manufacturing machine exports increased at an average annual rate of +19.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, jumping by 43% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 59% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.6%).

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in the EU

In 2021, the amount of machines for the manufacture of flat panel displays imported in the European Union declined sharply to X units, which is down by -85.7% against 2020. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 667% against the previous year. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, panel display manufacturing machine imports contracted sharply to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2020 when imports increased by 174% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Slovakia (X units) and Belgium (X units) represented the main importers of machines for the manufacture of flat panel displays in the European Union, together accounting for near 48% of total imports. Hungary (X units) ranks next in terms of the total imports with a 12% share, followed by Portugal (8.9%), Finland (7%) and Latvia (4.7%). Germany (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +63.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Latvia ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, with a combined 45% share of total imports. Finland, Hungary, Portugal and Belgium lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Hungary, with a CAGR of +61.8%, recorded the highest growth rate of 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, rising by 184% against the previous year. Overall, the import price, however, saw a mild reduction. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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