Asia-Pacific: Video Monitor Market 2024

Video Monitor Market Size in Asia-Pacific

In 2021, the Asia-Pacific video monitor market decreased by -1.1% to $X for the first time since 2013, thus ending a seven-year rising trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.2% against 2013 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Video Monitor Production in Asia-Pacific

In value terms, video monitor production shrank to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.1% against 2013 indices. The pace of growth was the most pronounced in 2016 with an increase of 13% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted slightly in the following year.

Video Monitor Exports

Exports in Asia-Pacific

In 2021, overseas shipments of video monitors increased by 6.6% to X units, rising for the fifth year in a row after four years of decline. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.4% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, video monitor exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.8% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 80% of total exports in 2021. Hong Kong SAR (X units), Japan (X units), Taiwan (Chinese) (X units), Vietnam (X units), Thailand (X units) and Malaysia (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to video monitor exports from China stood at +5.3%. At the same time, Vietnam (+41.5%), Taiwan (Chinese) (+8.0%) and Thailand (+4.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +41.5% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-5.4%) and Malaysia (-11.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Vietnam increased by +12 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest video monitor supplier in Asia-Pacific, comprising 77% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.4% share of total exports. It was followed by Vietnam, with a 3.2% share.

In China, video monitor exports expanded at an average annual rate of +6.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-1.5% per year) and Vietnam (+40.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.6%), while the other leaders experienced more modest paces of growth.

Video Monitor Imports

Imports in Asia-Pacific

In 2021, imports of video monitors in Asia-Pacific surged to X units, growing by 22% on the previous year. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, video monitor imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units), Thailand (X units), South Korea (X units), India (X units), Hong Kong SAR (X units), Australia (X units), the Philippines (X units), Taiwan (Chinese) (X units), Malaysia (X units), Vietnam (X units), Singapore (X units) and Indonesia (X units) represented the major importer of video monitors in Asia-Pacific, committing 95% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 44% share of total imports. Taiwan (Chinese), India, Hong Kong SAR, Thailand, Singapore, Malaysia, Vietnam, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 48%.

Indonesia, with a CAGR of +7.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 10%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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