Asia-Pacific: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Asia-Pacific

For the third consecutive year, the Asia-Pacific panel display manufacturing machine market recorded growth in sales value, which increased by 168% to $X in 2021. Over the period under review, consumption saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machines For The Manufacture Of Flat Panel Displays in Asia-Pacific

In value terms, panel display manufacturing machine production amounted to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 11%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Asia-Pacific

In 2021, overseas shipments of machines for the manufacture of flat panel displays decreased by -11.4% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 136%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports fell remarkably to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 52%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Japan (X units) represented the largest exporter of machines for the manufacture of flat panel displays, comprising 51% of total exports. It was distantly followed by Taiwan (Chinese) (X units), South Korea (X units) and China (X units), together comprising a 48% share of total exports.

Exports from Japan increased at an average annual rate of +8.0% from 2012 to 2021. At the same time, China (+22.7%), Taiwan (Chinese) (+20.2%) and South Korea (+10.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.7% from 2012-2021. From 2012 to 2021, the share of Taiwan (Chinese) and China increased by +12 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest panel display manufacturing machine supplying countries in Asia-Pacific were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising 97% of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +22.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, falling by -8.4% against the previous year. Overall, the export price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2016 when the export price increased by 63% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Asia-Pacific

In 2021, the amount of machines for the manufacture of flat panel displays imported in Asia-Pacific soared to X units, jumping by 110% against 2020. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 128% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine imports shrank significantly to $X in 2021. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 46%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, finishing at X units, which was approx. 82% of total imports in 2021. Vietnam (X units) took the second position in the ranking, followed by South Korea (X units). All these countries together held near 11% share of total imports. Taiwan (Chinese) (X units) took a relatively small share of total imports.

China was also the fastest-growing in terms of the machines for the manufacture of flat panel displays imports, with a CAGR of +47.6% from 2012 to 2021. At the same time, Vietnam (+38.4%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-4.0%) and South Korea (-12.5%) illustrated a downward trend over the same period. China (+74 p.p.) and Vietnam (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and South Korea saw its share reduced by -14% and -50.5% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported machines for the manufacture of flat panel displays in Asia-Pacific, comprising 90% of total imports. The second position in the ranking was taken by South Korea ($X), with a 3.6% share of total imports. It was followed by Taiwan (Chinese), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +16.1%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-11.4% per year) and Taiwan (Chinese) (-5.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, waning by -61.4% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 220%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat 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 ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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