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

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

The East Asian panel display manufacturing machine market skyrocketed to $X in 2021, increasing by 177% against the previous year. Over the period under review, consumption enjoyed a strong increase. 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 Eastern Asia

In value terms, panel display manufacturing machine production stood at $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Eastern Asia

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -12% to X units, falling for the third consecutive year after two years of growth. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 143%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports contracted dramatically to $X in 2021. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 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

Japan represented the major exporter of machines for the manufacture of flat panel displays in Eastern Asia, with the volume of exports amounting to X units, which was near 51% of total exports in 2021. Taiwan (Chinese) (X units) took the second position in the ranking, followed by South Korea (X units) and China (X units). All these countries together held near 49% 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 Eastern Asia, 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 Eastern Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 97% share of total exports.

South Korea, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Eastern Asia amounted to $X per unit, which is down by -7.9% against the previous year. Over the period under review, the export price saw a slight reduction. The growth pace was the most rapid in 2016 when the export price increased by 63%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: 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 Eastern Asia

In 2021, purchases abroad of machines for the manufacture of flat panel displays increased by 196% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a strong increase. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, panel display manufacturing machine imports reduced remarkably to $X in 2021. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, recording X units, which was near 89% of total imports in 2021. It was distantly followed by South Korea (X units), making up a 5.6% share of total imports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

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. Taiwan (Chinese) (-4.0%) and South Korea (-12.5%) illustrated a downward trend over the same period. While the share of China (+80 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-16 p.p.) and South Korea (-57.4 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported machines for the manufacture of flat panel displays in Eastern Asia, comprising 93% of total imports. The second position in the ranking was held by South Korea ($X), with a 3.7% share of total imports.

In China, panel display manufacturing machine imports increased at an average annual rate of +16.1% over the period from 2012-2021. 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 Eastern Asia amounted to $X per unit, falling by -73.1% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 344% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while South Korea ($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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