United Kingdom: 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 the UK

The UK market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) was estimated at $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, LCD or LED indicator panel production reduced slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 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 the UK

In 2021, after three years of decline, there was growth in overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume increased by 4.3% to X units. In general, exports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports surged to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 39% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X units), the United States (X units) and Germany (X units) were the main destinations of LCD or LED indicator panel exports from the UK, with a combined 36% share of total exports. Ireland, Sweden, Belgium, Spain, the Netherlands, Poland, Saudi Arabia, China, Italy and Israel lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +29.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for LCD or LED indicator panel exported from the UK were France ($X), the United States ($X) and Germany ($X), with a combined 46% share of total exports. These countries were followed by Ireland, Sweden, China, Spain, Italy, the Netherlands, Belgium, Poland, Saudi Arabia and Israel, which together accounted for a further 30%.

China, with a CAGR of +29.9%, 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

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, growing by 11% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Israel ($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 Spain (+15.8%), 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 the UK

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 for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by 40%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports expanded remarkably to $X in 2021. In general, imports, however, recorded a perceptible curtailment. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest LCD or LED indicator panel supplier to the UK, with a 59% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), eightfold. The third position in this ranking was taken by Canada (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-3.2% per year) and Canada (+3.4% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest LCD or LED indicator panel suppliers to the UK, together comprising 68% of total imports.

China, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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, falling by -8.1% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price 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, LCD or LED indicator panel import price decreased by -18.1% against 2019 indices. The growth pace was the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Italy ($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 United States (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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