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

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

The Europe panel display manufacturing machine market soared to $X in 2021, rising by 36% against the previous year. In general, consumption, however, showed moderate growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Machines For The Manufacture Of Flat Panel Displays in Europe

In value terms, panel display manufacturing machine production rose rapidly to $X in 2021 estimated in export price. Overall, production recorded moderate growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 47%. 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 Europe

In 2021, overseas shipments of machines for the manufacture of flat panel displays decreased by -12% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 145% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports surged to $X in 2021. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 156% 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 main exporter of machines for the manufacture of flat panel displays in Europe, with the volume of exports accounting for X units, which was near 73% of total exports in 2021. Belgium (X units) ranks second in terms of the total exports with a 10% share, followed by Switzerland (6.3%). Norway (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to panel display manufacturing machine exports from Germany stood at +16.5%. At the same time, Norway (+41.0%) and Switzerland (+27.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Europe, with a CAGR of +41.0% from 2012-2021. By contrast, Belgium (-14.1%) illustrated a downward trend over the same period. While the share of Germany (+70 p.p.), Switzerland (+6.2 p.p.), Belgium (+2.8 p.p.) and Norway (+2.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest panel display manufacturing machine supplier in Europe, comprising 87% of total exports. The second position in the ranking was held by Switzerland ($X), with a 9.6% share of total exports. It was followed by Belgium, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +19.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Switzerland (+24.5% per year) and Belgium (-36.4% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, rising by 40% against the previous year. Overall, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when the export price increased by 232% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Europe

In 2021, panel display manufacturing machine imports in Europe dropped remarkably to X units, declining by -84.1% on the previous year's figure. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 310%. As a result, imports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, panel display manufacturing machine imports fell sharply to $X in 2021. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 178%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Slovakia (X units) and Belgium (X units) represented roughly 42% of total imports in 2021. It was distantly followed by Hungary (X units), Portugal (X units), Norway (X units) and Finland (X units), together comprising a 32% share of total imports. Switzerland (X units), Latvia (X units), Germany (X units), the Netherlands (X units), France (X units), Ireland (X units) and Spain (X units) followed a long way behind the leaders.

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, together comprising 43% of total imports. Finland, Hungary, Portugal, France, Belgium, Switzerland, the Netherlands, Spain, Ireland and Norway lagged somewhat behind, together accounting for a further 39%.

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 Europe amounted to $X per unit, growing by 166% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while Norway ($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