Poland: 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 Poland

In 2021, the Polish market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 8.6% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption, however, showed a buoyant increase. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

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

In value terms, LCD or LED indicator panel production declined notably to $X in 2021 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 337% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from Poland

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were finally on the rise to reach X units after two years of decline. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 113%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 115%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X units), Germany (X units) and France (X units) were the main destinations of LCD or LED indicator panel exports from Poland, together accounting for 49% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +99.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for LCD or LED indicator panel exported from Poland were Slovakia ($X), Germany ($X) and Portugal ($X), with a combined 51% share of total exports. The UK, France, China, Italy, the Czech Republic, the Netherlands, Turkey, Switzerland, Australia and Austria lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Australia, with a CAGR of +320.8%, saw the highest growth rate of 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

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, surging by 5.9% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, LCD or LED indicator panel export price increased by +76.0% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per unit), while the average price for exports to France ($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 the Netherlands (+17.7%), 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 Poland

LCD or LED indicator panel imports into Poland reached X units in 2021, surging by 1.7% against 2020 figures. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports surged to $X in 2021. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 22% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Poland, accounting for a 58% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and Taiwan (Chinese) (+26.7% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Poland, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.8% per year) and Taiwan (Chinese) (+14.3% per year).

Import Prices by Country

In 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, growing by 15% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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