Portugal: 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 Portugal

In 2021, the Portuguese market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 27% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.4% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

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

In value terms, LCD or LED indicator panel production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, faced a dramatic slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 79% against the previous year. Production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from Portugal

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -42.6% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports contracted rapidly to $X in 2021. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 47%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units), the United States (X units) and Angola (X units) were the main destinations of LCD or LED indicator panel exports from Portugal, together comprising 77% of total exports. The UK, Canada, Austria, Germany and Romania lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +127.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for LCD or LED indicator panel exported from Portugal were Spain ($X), the United States ($X) and the UK ($X), together accounting for 82% of total exports. Canada, Austria, Germany, Angola and Romania lagged somewhat behind, together accounting for a further 12%.

Canada, with a CAGR of +169.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, shrinking by -35.2% against the previous year. Overall, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2014 an increase of 69%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Romania ($X per unit), while the average price for exports to Angola ($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 Romania (+20.9%), 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 Portugal

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were imported into Portugal; with a decrease of -11.8% on the previous year's figure. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -47.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports reduced to $X in 2021. Over the period under review, imports saw a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 50%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Portugal, accounting for a 54% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Germany (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.0% per year) and Germany (+0.2% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Portugal, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports. It was followed by Spain, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and Spain (+9.6% per year).

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, leveling off at the previous year. Overall, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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