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

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

In 2021, the Japanese panel display manufacturing machine market increased by 27% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, recorded a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, panel display manufacturing machine production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Japan

In 2021, overseas shipments of machines for the manufacture of flat panel displays decreased by -16.8% to X units, falling for the third consecutive year after four years of growth. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 69% against the previous year. The exports 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 reduced to $X in 2021. In general, exports, however, posted a moderate increase. The pace of growth appeared the most rapid in 2016 with an increase of 36%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for panel display manufacturing machine exports from Japan, with a 94% share of total exports. Moreover, panel display manufacturing machine exports to China exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-15.3% per year) and Taiwan (Chinese) (-12.0% per year).

In value terms, China ($X) remains the key foreign market for panel display manufacturing machine exports from Japan, comprising 92% of total exports. The second position in the ranking was held by South Korea ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-13.3% per year) and Taiwan (Chinese) (-15.5% per year).

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, rising by 3.8% against the previous year. In general, the export price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2016 an increase of 29%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to China ($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 South Korea (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Japan

In 2021, purchases abroad of machines for the manufacture of flat panel displays decreased by -35.8% to X units, falling for the fourth year in a row after three years of growth. Over the period under review, imports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2015 with an increase of 99%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, panel display manufacturing machine imports contracted to $X in 2021. Overall, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2015 when imports increased by 260% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main suppliers of panel display manufacturing machine imports to Japan, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +15.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest panel display manufacturing machine suppliers to Japan were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 85% share of total imports.

Among the main suppliers, China, with a CAGR of +12.1%, 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 a decline.

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, jumping by 41% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The growth pace was the most rapid in 2015 an increase of 81%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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