Switzerland: 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 Switzerland

For the third consecutive year, the Swiss market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) recorded decline in sales value, which decreased by -9.5% to $X in 2021. Over the period under review, consumption showed a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, LCD or LED indicator panel production contracted to $X in 2021 estimated in export price. In general, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

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

Exports from Switzerland

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 28% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for LCD or LED indicator panel exports from Switzerland, accounting for a 41% share of total exports. Moreover, LCD or LED indicator panel exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was held by the United States (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+11.5% per year) and the United States (+6.8% per year).

In value terms, Germany ($X) remains the key foreign market for LCD or LED indicator panel exports from Switzerland, comprising 33% of total exports. The second position in the ranking was taken by Austria ($X), with a 14% share of total exports. It was followed by the United States, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+13.4% per year) and the United States (+6.5% per year).

Export Prices by Country

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, waning by -7.9% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Romania ($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 Italy (+9.0%), 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 Switzerland

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were finally on the rise to reach X units after three years of decline. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports expanded to $X in 2021. Overall, imports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units) were the main suppliers of LCD or LED indicator panel imports to Switzerland, together comprising 84% of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +8.9%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) were the largest LCD or LED indicator panel suppliers to Switzerland, with a combined 55% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

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, dropping by -11.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2019 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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