The forecast for UK imports of indicator panels with liquid crystal devices or light-emitting diodes suggests a consistent decline over the next five years, starting at 1.9856 million kilograms in 2024 and decreasing to 0.97277 million kilograms by 2028. In 2023, this figure stood at approximately 2.2 million kilograms, indicating a significant downward trend. Year-on-year variations reveal a gradual decrease: a drop of about 13.1% by 2025, 14.8% by 2026, 17% by 2027, and finally, 20.2% by 2028. Over five years, the compound annual growth rate (CAGR) indicates an average annual decline of about 14.7%.
Future trends to watch include technological improvements fostering panel efficiency, potential regulatory changes affecting imports, and emerging digital display alternatives that might accelerate the decrease in demand for traditional indicator panels.
