China: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in China

In 2021, the Chinese panel display manufacturing machine market increased by 493% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machines For The Manufacture Of Flat Panel Displays in China

In value terms, panel display manufacturing machine production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from China

In 2021, the amount of machines for the manufacture of flat panel displays exported from China soared to X units, picking up by 27% against 2020 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 152%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, panel display manufacturing machine exports soared to $X in 2021. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 92% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X units), Mexico (X units) and the United States (X units) were the main destinations of panel display manufacturing machine exports from China, together accounting for 41% of total exports. Turkey, Poland, South Korea, Vietnam, Thailand, Malaysia, Taiwan (Chinese), Germany, India and the UK lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +208.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for panel display manufacturing machine exported from China were South Korea ($X), Taiwan (Chinese) ($X) and Malaysia ($X), with a combined 52% share of total exports. These countries were followed by Thailand, Vietnam, Japan, Mexico, India, Turkey, the United States, the UK, Poland and Germany, which together accounted for a further 36%.

Poland, with a CAGR of +183.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, surging by 5.4% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2014 an increase of 67%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into China

In 2021, overseas purchases of machines for the manufacture of flat panel displays increased by 825% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, panel display manufacturing machine imports declined dramatically to $X in 2021. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 81%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) was the main panel display manufacturing machine supplier to China, with a 93% share of total imports. Moreover, panel display manufacturing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to +63.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.6% per year) and South Korea (+21.7% per year).

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the largest panel display manufacturing machine suppliers to China, with a combined 99% share of total imports.

South Korea, with a CAGR of +25.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, dropping by -91.1% against the previous year. In general, the import price continues to indicate a dramatic decline. The pace of growth was the most pronounced in 2018 an increase of 855%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($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 (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :