Malaysia: 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 Malaysia

The Malaysian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) surged to $X in 2021, with an increase of 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, faced a drastic downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

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

Exports from Malaysia

In 2021, overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 8.4% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +6.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 26%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X units), Japan (X units) and the United States (X units) were the main destinations of LCD or LED indicator panel exports from Malaysia, together accounting for 54% of total exports. Germany, the Czech Republic, Thailand, China, Singapore, Indonesia and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +194.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for LCD or LED indicator panel exports from Malaysia, comprising 36% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +136.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.5% per year) and Japan (-3.3% per year).

Export Prices by Country

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, growing by 53% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. Over the period under review, the average export prices attained 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 destination: the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Indonesia ($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 Germany (+2.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Malaysia

In 2021, lcd or led indicator panel imports into Malaysia skyrocketed to X units, picking up by 29% compared with 2020. In general, imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when imports increased by 161% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 137% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest LCD or LED indicator panel supplier to Malaysia, with a 71% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sixfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.7% 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: Hong Kong SAR (+4.8% per year) and Taiwan (Chinese) (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Malaysia, comprising 65% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Japan, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-15.5% per year) and Japan (-20.1% per year).

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, rising by 5% against the previous year. Overall, the import price, however, faced a deep downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Hong Kong SAR ($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 (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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