Japan: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2024

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Japan

The Japanese market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X in 2021, almost unchanged from the previous year. In general, consumption enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2021.

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

In value terms, LCD or LED indicator panel production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 94%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

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

Exports from Japan

After two years of growth, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -7.4% to X units in 2021. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports dropped to $X in 2021. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 12%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Thailand (X units) were the main destinations of LCD or LED indicator panel exports from Japan, together accounting for 71% of total exports. France, Taiwan (Chinese), Spain, South Korea, India, Indonesia, Singapore, Hong Kong SAR and Mexico lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +11.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for LCD or LED indicator panel exports from Japan, comprising 41% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by South Korea, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-20.1% per year) and South Korea (+2.9% per year).

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, increasing by 2.2% against the previous year. Over the period under review, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood 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 South Korea ($X per unit), while the average price for exports to Indonesia ($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 Spain (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Japan

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -0.7% to X units, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 46%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports totaled $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.1% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest LCD or LED indicator panel supplier to Japan, with a 57% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. The third position in this ranking was held by South Korea (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.1% per year) and South Korea (+2.6% per year).

In value terms, the largest LCD or LED indicator panel suppliers to Japan were China ($X), Thailand ($X) and South Korea ($X), with a combined 72% share of total imports. The United States, Taiwan (Chinese), Indonesia, Vietnam and Bangladesh lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Indonesia, with a CAGR of +41.8%, saw the highest growth rate of 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 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2013 when the average import price increased by 18%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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