Eastern Asia: 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 Eastern Asia

In 2021, the East Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -2.1% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Eastern Asia

In value terms, LCD or LED indicator panel production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports in Eastern Asia

In 2021, exports of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Eastern Asia was estimated at X units, with an increase of 14% compared with the year before. Overall, exports enjoyed a modest expansion. The growth pace was the most rapid in 2018 with an increase of 151% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. In general, exports, however, showed a abrupt decline. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X units) represented the key exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), generating 73% of total exports. Hong Kong SAR (X units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together held near 26% share of total exports.

China was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) exports, with a CAGR of +3.7% from 2012 to 2021. At the same time, Hong Kong SAR (+2.4%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-3.0%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest LCD or LED indicator panel supplier in Eastern Asia, comprising 55% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +4.4%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-18.7% per year) and Hong Kong SAR (+1.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, growing by 5.9% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 60%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by 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 Eastern Asia

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 17% to X units, rising for the third year in a row after five years of decline. In general, imports enjoyed measured growth. The most prominent rate of growth was recorded in 2013 when imports increased by 121%. 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 shrank to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 54%. 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

Hong Kong SAR represented the key importing country with an import of around X units, which accounted for 51% of total imports. South Korea (X units) took the second position in the ranking, distantly followed by China (X units), Taiwan (Chinese) (X units) and Japan (X units). All these countries together held approx. 48% share of total imports.

Imports into Hong Kong SAR increased at an average annual rate of +5.1% from 2012 to 2021. At the same time, China (+7.3%), South Korea (+5.5%), Taiwan (Chinese) (+1.7%) and Japan (+1.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.3% from 2012-2021. While the share of Hong Kong SAR (+2.6 p.p.), China (+2.3 p.p.) and South Korea (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-1.6 p.p.) and Taiwan (Chinese) (-2.6 p.p.) displayed negative dynamics.

In value terms, the largest LCD or LED indicator panel importing markets in Eastern Asia were Hong Kong SAR ($X), South Korea ($X) and Japan ($X), together comprising 77% of total imports.

Japan, with a CAGR of +5.4%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, dropping by -20.1% against the previous year. In general, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 58% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Japan (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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