Europe: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2024

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Europe

In 2021, the Europe market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 20% to $X, rising for the fifth consecutive year after two years of decline. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +65.1% against 2016 indices. As a result, consumption reached 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 Europe

In value terms, LCD or LED indicator panel production declined modestly to $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 18% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

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

Exports in Europe

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were exported in Europe; rising by 16% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports expanded rapidly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 10%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the five major exporters of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), namely Spain, the Netherlands, Germany, Italy and Belgium, represented more than half of total export. The UK (X units) took the next position in the ranking, followed by France (X units) and Austria (X units). All these countries together took near 16% share of total exports. Poland (X units), Sweden (X units), Slovakia (X units), Ireland (X units) and Finland (X units) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key 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 ($X), the UK ($X) and Austria ($X) were the countries with the highest levels of exports in 2021, together comprising 41% of total exports. Italy, the Netherlands, Sweden, Slovakia, France, Poland, Belgium, Spain, Finland and Ireland lagged somewhat behind, together comprising a further 48%.

In terms of the main exporting countries, Poland, with a CAGR of +29.6%, saw 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

The export price in Europe stood at $X per unit in 2021, dropping by -7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 8% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

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 Europe

In 2021, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 markedly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the major importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Europe, with the volume of imports amounting to X units, which was near 29% 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 the UK (X units), together comprising a 42% share of total imports. Romania (X units), Poland (X units), Austria (X units), the Netherlands (X units), Sweden (X units) and Hungary (X units) took a minor share 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%) and Hungary (+2.2%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Sweden (-3.3%), the UK (-4.1%), Germany (-4.2%) and the Netherlands (-8.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium and Romania increased by +26 and +2.3 percentage points, respectively. 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 Europe were Germany ($X), France ($X) and Austria ($X), with a combined 41% share of total imports.

Among the main importing countries, Austria, with a CAGR of +15.2%, 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 Europe amounted to $X per unit, dropping by -14.2% against the previous year. Overall, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by 2.1%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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