LCD or LED indicator panels market in Germany

Earlier Report Observations

Between 2018 and 2020, the broader lighting market in Germany, which includes LED technologies, showed mixed signals. In 2018, the niche for portable and pocket lamps was growing steadily, while the total market volume for lamps and luminaires stood at around 5.4 billion euros. By 2020, the product group 'Light' recorded a decline of 3.1%, partly due to less benefit from the construction boom, setting a backdrop for the LCD or LED indicator panels segment.

Available data from 2021 shows the market volume for indicator panels at 3 038 t, rising by 11.4% to 3 385 t in 2022. This increase was driven by an 8.1% growth in imports, while exports fell by 8.4%. Domestic production remained steady at 1 235 t throughout these two years.

The market contracted significantly from 2023 onward. Volume dropped by 17.7% to 2 787 t in 2023 and fell a further 19.9% to 2 232 t in 2024. The decline in 2024 coincided with a cautious consumer climate and a 1.2% sales drop in the major domestic appliances segment, indicating weaker demand for components like indicator panels. Changes in consumer behavior and sustainability trends also influenced the market. While online retail in Germany grew by 1% in 2023, it was insufficient to offset the broader downturn.

Production LCD or LED indicator panels in Germany

In value, 2017-2020, M $ US

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports LCD or LED indicator panels from Germany

Exports in kind, t

Germany's exports of LCD or LED indicator panels reached 1,457 tonnes in 2020, representing a 28.5% decrease compared to the previous year. Over the 2017-2020 period, exports declined by 17.2%, with a compound annual growth rate (CAGR) of -6.1%. The peak export volume was recorded in 2019 at 2,038 tonnes, which also saw the largest annual increase of 20.0%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

From 2017 to 2020, Germany's exports of LCD or LED indicator panels in kind were distributed across a wide range of partner countries. France accounted for 12.1% of exports in kind, Spain for 9.2%, and Poland for 8.9%. Together, these three countries represented just 30.2% of total export flows, indicating a highly diversified market.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

In 2020, the value of Germany's exports of LCD or LED indicator panels amounted to $321.1 million US, marking a 22.6% decline from the previous year. Between 2017 and 2020, exports decreased by 19%, corresponding to an annualized rate of -6.8%. The highest export value was recorded in 2019 at $414.8 million US, which also experienced the largest annual increase of 7.9%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

During the 2017-2020 period, France, the United States, and Austria were the largest buyers of LCD or LED indicator panels from Germany in value terms. France accounted for 12.8% of export value, the United States for 8.6%, and Austria for 7.0%. However, their combined share was only 28.4% of total export value, reflecting a diversified country structure with no single dominant market.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports LCD or LED indicator panels to Germany

Imports in kind, t

Following a two-year decline, Germany's imports of LCD or LED indicator panels showed signs of recovery. In 2020, imports amounted to 3,014 tonnes, remaining broadly stable compared to the previous year. Over the 2017-2020 period, imports decreased by 24.1%, with a compound annual growth rate (CAGR) of -8.8%. The lowest import volume was recorded in 2019 at 2,997 tonnes, which also saw the largest annual decline of 15.6%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, China, Thailand, and Asia (not elsewhere specified) were consistently the main sources for Germany's imports of LCD or LED indicator panels in kind. China accounted for 55.3% of imports in kind, Thailand for 9.4%, and Asia (not elsewhere specified) for 8.5%. Together, these three sources represented 73.2% of total import flows, indicating a concentrated supply structure.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

After a two-year reduction, Germany's import volumes of LCD or LED indicator panels began to increase. In 2020, imports amounted to $499.1 million US, showing a modest year-on-year gain of 3.1%. Between 2017 and 2020, imports decreased by 26%, equating to an annualized rate of -9.5%. The lowest import value was recorded in 2019 at $484.2 million US, while the largest annual decline occurred in 2018 at 16.6%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Throughout 2017-2020, China, Thailand, and Asia (not elsewhere specified) remained the key partners for Germany's imports of LCD or LED indicator panels in value terms. China accounted for 42.6% of import value, Thailand for 13.5%, and Asia (not elsewhere specified) for 9.3%. Together, these three partners represented 65.4% of total import flows, highlighting a significant concentration in the import market.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020