LCD or LED indicator panels market in Italy

Earlier Report Observations

In physical terms, the market for LCD/LED indicator panels in Italy grew from 1 471 t in 2018 to 2 718 t in 2024. The most significant volume increase occurred in 2019, when the market expanded by 48% to 2 183 t. After a temporary 10% drop in 2020, volume recovered and continued growing, peaking at 2 752 t in 2022. In the following two years, volume stabilized around 2 700 t.

In value terms, the market's cost dynamics differed. From $186 million in 2018, the value remained nearly unchanged in 2019, then fell to $174 million in 2020. A sharp 37% rise to $238 million occurred in 2021, and in 2022 the value slightly increased to $244 million. However, in 2023 the market value dropped by one-third to $162 million, despite only a minor decrease in physical volume. In 2024, value recovered, growing 37% to $223 million.

Over the entire period from 2018 to 2024, the physical market volume increased by 85%, while its value rose by 20%. The disparity between volume and value trends reflects changes in price levels or product mix during the period.

Production LCD or LED indicator panels in Italy

In value, 2017-2020, M $ US

In Italy, the output of LCD or LED indicator panels was valued at 161.0 million US dollars in 2020, marking a slight drop of 2.3% compared to the previous year. Over the period from 2017 to 2020, production decreased by 47.7%, with a compound annual growth rate of -19.4%. The minimum value was recorded in 2018 at 155.2 million US dollars, which also saw the largest decline of 49.6%. In contrast, the largest increase occurred in 2019, with a rise of 6.2%.

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

In kind, 2017-2020, t

The data reveals irregular changes, indicating a volatile market environment. Between 2017 and 2018, there was a 3.3-fold variation, with the maximum in 2017 and the minimum in 2018 at 1 234 tonnes. In 2020, Italy produced 1 976 tonnes of LCD or LED indicator panels, representing a slight decline of 0.8% year-over-year. The largest decline was recorded in 2018 at 69.3%, while the largest increase occurred in 2019, with a rise of 61.4%.

Annual dynamics of production in Italy in kind, 2017-2020, t

Exports LCD or LED indicator panels from Italy

Exports in kind, t

After a two-year increase, deliveries of LCD or LED indicator panels from Italy declined. In 2020, exports stood at 1 273 tonnes, reflecting a solid drop of 14.5% compared to the previous year. The maximum value was recorded in 2019 at 1 489 tonnes, which also saw the largest increase of 10.1%.

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

From 2017 to 2020, exports in kind of LCD or LED indicator panels from Italy were not concentrated on a few key destinations. France accounted for 20.3% of exports in kind, the United Kingdom for 8.5%, and Germany for 8.1%, jointly representing only 36.8% of total flows.

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

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

Exports in value, M $ US

Italy exported 106.2 million US dollars of LCD or LED indicator panels in 2020, representing a solid decrease of 20.2% compared to 2019. Between 2017 and 2020, exports decreased by 18.4%, equating to an annualized rate of -6.5%. The maximum value was recorded in 2019 at 133.1 million US dollars, while the largest increase occurred in 2018, with a rise of 2.3%.

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

The structure of exports in value terms from 2017 to 2020 can be described as diversified. France accounted for 19.1% of exports in value terms, the United States for 15.0%, and the United Kingdom for 8.5%, together representing just 42.6% of total flows, with no country holding a clearly dominant position.

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

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

Imports LCD or LED indicator panels to Italy

Imports in kind, t

Italy imported 1 262 tonnes of LCD or LED indicator panels in 2020, corresponding to a strong decrease of 24.9% from a year earlier. Over the period from 2017 to 2020, imports decreased by 25%, with a compound annual growth rate of -9.2%. The largest increase was recorded in 2019, with a rise of 5.6%.

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

From 2017 to 2020, China was the primary supplier of LCD or LED indicator panels to Italy, accounting for 48.3% of imports in kind, followed by Spain at 8.3% and Germany at 7.6%. Together, these three countries jointly accounted for 64.2% of total imports in kind.

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

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

Imports in value, M $ US

Imported volumes of LCD or LED indicator panels in Italy declined for the third consecutive year. In 2020, Italy imported a total of value_last_year million US dollars of LCD or LED indicator panels, showing a strong drop of 23.1% compared to 2019. Over the period from 2017 to 2020, imports decreased by 28.9%, with a compound annual growth rate of -10.8%.

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

Throughout 2017 to 2020, China played the leading role in imports in value terms of LCD or LED indicator panels to Italy, accounting for 36.3% of imports in value terms, followed by the United States at 8.7% and Asia, not elsewhere specified, at 8.2%. Together, these sources jointly took 53.2% of total flows.

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

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