In 2023, Belgium led European imports of indicator panels with liquid crystal devices or LEDs, followed by Spain and Germany. Significant growth was seen in Belgium (42.5%), while the United Kingdom and Hungary experienced declines of -7.73% and -18.24%, respectively. Over the past five years, moderate compound annual growth rates (CAGR) suggest stable expansion, with variance across countries. The Netherlands showed consistent year-on-year increases, indicating growing demand. Conversely, markets like Finland and Ireland showed notable increases, while Estonia experienced substantial declines.
Future trends to watch for include the adoption of green technology and smart infrastructure, which could drive demand for advanced indicator panels. Emerging markets in Eastern Europe may also contribute to growth, as digital transformation efforts expand throughout the region.
Top countries in Import of Indicator Panels with Liquid Crystal Devices or Light Emitting Diodes by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 10,658,000 | 2023 | +2.96% | +42.5% | View data |
| 2 | 2 Spain | 9,708,100 | 2023 | +3.28% | +11.49% | View data |
| 3 | 3 Germany | 7,943,000 | 2023 | +12.05% | +5.55% | View data |
| 4 | 4 France | 5,184,700 | 2023 | +4.4% | +4.68% | View data |
| 5 | 5 Netherlands | 3,696,600 | 2023 | +5.35% | +12.41% | View data |
| 6 | 6 Slovakia | 2,904,200 | 2023 | +6.21% | +8.73% | View data |
| 7 | 7 Italy | 2,384,900 | 2023 | +5.77% | +1.32% | View data |
| 8 | 8 Czechia | 2,264,100 | 2023 | |||
| 9 | 9 United Kingdom | 2,251,100 | 2023 | -9.83% | -7.73% | View data |
| 10 | 10 Romania | 1,875,100 | 2023 | +4.29% | +8.1% | View data |
