Scandinavia: 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 Scandinavia

In 2021, the Scandinavia market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -3.1% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, LCD or LED indicator panel production expanded to $X in 2021 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of 11%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in Scandinavia

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 5.7% to X units, rising for the third year in a row after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 18%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports declined to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the major exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Scandinavia, with the volume of exports reaching X units, which was near 57% of total exports in 2021. It was distantly followed by Finland (X units) and Denmark (X units), together comprising a 41% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +2.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X) remains the largest LCD or LED indicator panel supplier in Scandinavia, comprising 69% of total exports. The second position in the ranking was held by Finland ($X), with a 20% share of total exports.

In Sweden, LCD or LED indicator panel exports expanded at an average annual rate of +2.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-0.8% per year) and Denmark (-2.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, reducing by -10.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 when the export price increased by 43%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the other leaders experienced more modest paces of growth.

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

Imports in Scandinavia

In 2021, after two years of decline, there was growth in purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume increased by 2.6% to X units. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 20%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports reduced to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden represented the key importing country with an import of around X units, which recorded 54% of total imports. Finland (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (17%) and Norway (11%).

Imports into Sweden decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, Norway (+22.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +22.3% from 2012-2021. By contrast, Finland (-1.3%) and Denmark (-7.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and Finland increased by +9.7 and +2.2 percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Scandinavia, comprising 53% of total imports. The second position in the ranking was held by Norway ($X), with a 21% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+7.5% per year) and Denmark (-2.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, shrinking by -6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2018 an increase of 18%. The level of import peaked at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform