In 2023, Italy dominated the European export market of Indicator Panels Incorporating Light Emitting Diodes (LED), contributing to nearly half of the total shipments by weight. Germany and the Netherlands followed, accounting for 13.49% and 8.47%, respectively. Notable year-on-year growth was observed in Ireland (16.22%) and Lithuania (15.53%), while Germany experienced a stagnation. Austria, Latvia, Luxembourg, Slovenia, and Denmark registered a negative trend, with Luxembourg hitting the largest decline at 18.11%.
Future trends to monitor in 2024 include the potential for market shifts with emerging players like Estonia, which previously showed substantial growth at 35.95%, and sustainability considerations influencing LED panel production and export choices in Europe. Innovation in LED technology and increased demand for energy-efficient solutions might affect how countries position themselves in this sector.
Top countries in Export of Indicator Panels Incorporating Light Emitting Diodes (LED) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 49.87 | 2022 | -12.21% | +0.49% | View data |
| 2 | 2 Germany | 13.49 | 2023 | +18.44% | View data | |
| 3 | 3 Netherlands | 8.47 | 2023 | +4.02% | +3.74% | View data |
| 4 | 4 Poland | 8.35 | 2023 | +5.42% | +1.72% | View data |
| 5 | 5 Belgium | 7.06 | 2023 | +3.7% | +7.2% | View data |
| 6 | 6 Ireland | 4.25 | 2023 | +2.29% | +16.22% | View data |
| 7 | 7 Spain | 3.58 | 2023 | +5.3% | +8.5% | View data |
| 8 | 8 Czechia | 2.99 | 2022 | |||
| 9 | 9 Lithuania | 2.97 | 2023 | +5.81% | +15.53% | View data |
| 10 | 10 Slovakia | 2.15 | 2023 | +5.36% | +12.81% | View data |
