Asia-Pacific: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2025

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

The Asia-Pacific market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) rose notably to $X in 2021, growing by 6.7% against the previous year. Overall, consumption showed a noticeable curtailment. 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-Pacific

In value terms, LCD or LED indicator panel production rose modestly to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 68%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports in Asia-Pacific

In 2021, lcd or led indicator panel exports in Asia-Pacific expanded rapidly to X units, picking up by 15% on the year before. Over the period under review, exports showed moderate growth. The growth pace was the most rapid in 2018 when exports increased by 114%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. In general, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China was the main exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia-Pacific, with the volume of exports accounting for X units, which was approx. 57% of total exports in 2021. Indonesia (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (14%), Taiwan (Chinese) (6.5%) and Thailand (4.5%). Malaysia (X units) took a relatively small 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-Pacific, with a CAGR of +49.3% from 2012-2021. By contrast, Taiwan (Chinese) (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Thailand increased by +15 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-18.7% per year) and Hong Kong SAR (+1.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, growing by 10% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 62%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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-Pacific

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 16% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 46% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports reduced to $X in 2021. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X units), Malaysia (X units), Thailand (X units) and South Korea (X units) represented the key importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia-Pacific, creating 74% of total import. It was distantly followed by China (X units) and Taiwan (Chinese) (X units), together constituting a 10% share of total imports. The following importers - Indonesia (X units) and India (X units) - each accounted for a 6.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading 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, the largest LCD or LED indicator panel importing markets in Asia-Pacific were Malaysia ($X), Hong Kong SAR ($X) and South Korea ($X), together comprising 41% of total imports. These countries were followed by Thailand, China, Taiwan (Chinese), India and Indonesia, which together accounted for a further 24%.

In terms of the main importing countries, India, with a CAGR of +3.4%, saw the highest rates of growth with regard to the value of imports, 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-Pacific amounted to $X per unit, waning by -19.1% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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

Frequently Asked Questions (FAQ) :