Spain: 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 Spain

The Spanish market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) dropped significantly to $X in 2021, shrinking by -67.2% against the previous year. Overall, consumption recorded a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, LCD or LED indicator panel production soared to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 34%. Production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports from Spain

LCD or LED indicator panel exports from Spain soared to X units in 2021, jumping by 90% compared with the year before. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 68%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Portugal (X units) and France (X units) were the main destinations of LCD or LED indicator panel exports from Spain, with a combined 72% share of total exports. These countries were followed by Chile, Poland, Serbia, the UK, Germany and Austria, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +262.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and the UK ($X) constituted the largest markets for LCD or LED indicator panel exported from Spain worldwide, together comprising 51% of total exports. Italy, Portugal, Serbia, Chile, Germany and Austria lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Serbia, with a CAGR of +185.3%, recorded the highest rates of growth with regard to 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, reducing by -33.2% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Italy ($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 Austria (+0.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Spain

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were imported into Spain; falling by -37.1% on 2020 figures. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 71% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports stood at $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.6% against 2015 indices. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of LCD or LED indicator panel to Spain, with a 47% share of total imports. Moreover, LCD or LED indicator panel imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by China (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.6% per year) and China (+1.6% per year).

In value terms, the largest LCD or LED indicator panel suppliers to Spain were China ($X), Germany ($X) and the Netherlands ($X), together comprising 73% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +24.7%, 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

In 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, surging by 60% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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