Hungary: 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 Hungary

In 2023, the Hungarian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by X% to $X, falling for the third consecutive year after four years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

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

In value terms, LCD or LED indicator panel production declined to $X in 2023 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

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

Exports from Hungary

For the fourth year in a row, Hungary recorded growth in shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), which increased by X% to X units in 2023. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports reduced dramatically to $X in 2023. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for LCD or LED indicator panel exports from Hungary, accounting for a X% share of total exports. Moreover, LCD or LED indicator panel exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fourfold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and France (X% per year).

In value terms, Germany ($X) remains the key foreign market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2023, 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: Poland (X% per year) and Italy (X% 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 2023, reducing by X% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), 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 Hungary

For the third consecutive year, Hungary recorded decline in purchases abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), which decreased by X% to X units in 2023. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports shrank to $X in 2023. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Bulgaria (X units) were the main suppliers of LCD or LED indicator panel imports to Hungary, together accounting for X% of total imports. Austria, Taiwan (Chinese), the Czech Republic, Sweden, Italy, Thailand and Poland lagged somewhat behind, together comprising a further X%.

From 2020 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Thailand ($X) were the largest LCD or LED indicator panel suppliers to Hungary, together comprising X% of total imports. Sweden, Taiwan (Chinese), Austria, Bulgaria, the Czech Republic, Italy and Poland lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 2023, jumping by X% against the previous year. Overall, import price indicated a significant increase from 2020 to 2023: its price increased at an average annual rate of X% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, LCD or LED indicator panel import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform