Luxembourg: Lcds And Plasmas Market 2024

Lcds And Plasmas Market Size in Luxembourg

In 2022, the Luxembourg LCDs and plasmas market increased by 3.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Lcds And Plasmas Production in Luxembourg

In value terms, LCDs and plasmas production contracted sharply to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lcds And Plasmas Exports

Exports from Luxembourg

In 2022, shipments abroad of flat panel video monitor, lcd or plasma decreased by -85.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 719%. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, LCDs and plasmas exports dropped markedly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,154% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

The Netherlands (X units), Australia (X units) and Belgium (X units) were the main destinations of LCDs and plasmas exports from Luxembourg, together accounting for 66% of total exports. The United States, Saudi Arabia, Bangladesh, Italy, Germany, France, Norway, the UK and Switzerland lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +103.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for flat panel video monitor, lcd or plasma exports from Luxembourg, comprising 26% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +76.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+72.9% per year) and Belgium (-10.2% per year).

Export Prices by Country

In 2022, the average LCDs and plasmas export price amounted to $X per unit, rising by 12% against the previous year. Overall, the export price posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 117% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into Luxembourg

In 2022, purchases abroad of flat panel video monitor, lcd or plasma decreased by -3.1% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, LCDs and plasmas imports shrank markedly to $X in 2022. In general, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when imports increased by 96%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Belgium (X units) were the main suppliers of LCDs and plasmas imports to Luxembourg, together comprising 25% of total imports. France, Canada, the Netherlands, Poland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +86.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Belgium ($X) constituted the largest LCDs and plasmas suppliers to Luxembourg, together accounting for 35% of total imports. France, the Netherlands, Canada, Poland and Taiwan (Chinese) lagged somewhat behind, together comprising a further 9.1%.

Among the main suppliers, Canada, with a CAGR of +52.1%, 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 mixed trend patterns.

Import Prices by Country

The average LCDs and plasmas import price stood at $X per unit in 2022, which is down by -29.1% against the previous year. Overall, the import price, however, saw perceptible growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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