Asia: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2024

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Asia

The Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) expanded significantly to $X in 2021, surging by 6.2% against the previous year. Overall, consumption continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Asia

In value terms, LCD or LED indicator panel production stood at $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 61%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Exports in Asia

In 2021, exports of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia rose significantly to X units, growing by 15% compared with 2020 figures. Over the period under review, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 114% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, LCD or LED indicator panel exports surged to $X in 2021. Overall, exports, however, continue to indicate a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the key exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia, with the volume of exports accounting for X units, which was approx. 57% of total exports in 2021. It was distantly followed by Indonesia (X units), Hong Kong SAR (X units), Taiwan (Chinese) (X units) and Thailand (X units), together achieving a 41% share of total exports. Malaysia (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to LCD or LED indicator panel exports from China stood at +3.7%. At the same time, Indonesia (+49.3%), Thailand (+17.0%), Malaysia (+6.1%) and Hong Kong SAR (+2.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +49.3% from 2012-2021. By contrast, Taiwan (Chinese) (-3.0%) illustrated a downward trend over the same period. While the share of Indonesia (+15 p.p.), Thailand (+3.1 p.p.) and China (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest LCD or LED indicator panel supplier in Asia, comprising 40% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 15% share.

In China, LCD or LED indicator panel exports increased at an average annual rate of +4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-18.7% per year) and Hong Kong SAR (+1.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, rising by 10% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 63% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Imports in Asia

In 2021, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 15% to X units, rising for the fifth year in a row after four years of decline. Overall, imports, however, recorded a deep reduction. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports fell to $X in 2021. In general, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 when imports increased by 13%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), namely Hong Kong SAR, Malaysia, Thailand and South Korea, represented more than two-thirds of total import. China (X units) held the next position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together took near 10% share of total imports. The following importers - Indonesia (X units) and India (X units) - each resulted at a 6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +13.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Hong Kong SAR ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 39% of total imports. These countries were followed by Thailand, China, Taiwan (Chinese), India and Indonesia, which together accounted for a further 23%.

India, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, reducing by -19.6% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2016 when the import price increased by 22% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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