China: Lcds And Plasmas Market 2024

Lcds And Plasmas Market Size in China

In 2022, the Chinese LCDs and plasmas market decreased by -28.8% to $X, falling for the fourth consecutive year after four years of growth. Over the period under review, consumption showed a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Lcds And Plasmas Production in China

In value terms, LCDs and plasmas production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 16%. Production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Lcds And Plasmas Exports

Exports from China

In 2022, overseas shipments of flat panel video monitor, lcd or plasma increased by 16% to X units, rising for the fourth consecutive year after two years of decline. In general, exports showed measured growth. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, LCDs and plasmas exports amounted to $X in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.8% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 27%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for LCDs and plasmas exports from China, with a 21% share of total exports. Moreover, LCDs and plasmas exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), fourfold. Vietnam (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+6.3% per year) and Vietnam (+82.2% per year).

In value terms, the United States ($X) remains the key foreign market for flat panel video monitor, lcd or plasma exports from China, comprising 28% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.1% share of total exports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.0% per year) and Japan (-0.4% per year).

Export Prices by Country

In 2022, the average LCDs and plasmas export price amounted to $X per unit, declining by -4.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into China

In 2022, supplies from abroad of flat panel video monitor, lcd or plasma decreased by -43.6% to X units, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, recorded a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 55%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, LCDs and plasmas imports shrank to $X in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 63% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X units) constituted the largest supplier of LCDs and plasmas to China, with a 37% share of total imports. Moreover, LCDs and plasmas imports from Vietnam exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Thailand (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam stood at +224.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.0% per year) and Thailand (+31.1% per year).

In value terms, Japan ($X), Vietnam ($X) and the United States ($X) appeared to be the largest LCDs and plasmas suppliers to China, together comprising 50% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +234.5%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average LCDs and plasmas import price amounted to $X per unit, surging by 61% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, LCDs and plasmas import price increased by +54.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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