Hungary: 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 Hungary

The Hungarian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) declined to $X in 2021, waning by -9.2% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

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

In value terms, LCD or LED indicator panel production reached $X in 2021 estimated in export price. In general, production, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. Over the period under review, production reached the maximum level 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 from Hungary

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 after two years of decline. Overall, exports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of 200%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports shrank sharply to $X in 2021. Over the period under review, exports continue to indicate pronounced growth. The pace of growth was the most pronounced in 2015 when exports increased by 258% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), Ukraine (X units) and Italy (X units) were the main destinations of LCD or LED indicator panel exports from Hungary, with a combined 53% share of total exports. Germany, the UK, France, South Africa, Sweden, Austria, Serbia, the United States and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +138.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for LCD or LED indicator panel exports from Hungary, comprising 33% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.7% per year) and Italy (+106.2% per year).

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, waning by -26.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 30%. The export price peaked at $X per unit in 2020, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Hungary

LCD or LED indicator panel imports into Hungary shrank to X units in 2021, with a decrease of -11% compared with 2020 figures. Overall, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 105% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports totaled $X in 2021. Over the period under review, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 when imports increased by 68%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Bulgaria (X units) and Germany (X units) were the main suppliers of LCD or LED indicator panel imports to Hungary, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +114.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest LCD or LED indicator panel suppliers to Hungary were China ($X), Germany ($X) and Thailand ($X), together accounting for 63% of total imports. Austria, the Czech Republic, Taiwan (Chinese), Bulgaria, Indonesia, Poland, Italy, France and Hong Kong SAR lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Indonesia, with a CAGR of +91.2%, 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

The average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, growing by 29% against the previous year. Overall, the import price, however, saw a noticeable decrease. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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