Singapore: 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 Singapore

The Singaporean market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) declined markedly to $X in 2021, shrinking by -58.3% 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 faced a abrupt curtailment. Consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

Exports from Singapore

In 2021, after three years of decline, there was significant growth in shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume increased by 62% to X units. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 83% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Indonesia (X units) and India (X units) were the main destinations of LCD or LED indicator panel exports from Singapore, together comprising 75% of total exports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +10.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for LCD or LED indicator panel exported from Singapore were Malaysia ($X), Indonesia ($X) and Japan ($X), together accounting for 63% of total exports. These countries were followed by the United States, China, Hong Kong SAR, India, South Korea and Germany, which together accounted for a further 27%.

In terms of the main countries of destination, India, with a CAGR of +10.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, with a decrease of -20.3% against the previous year. Overall, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2013 an increase of 49% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then declined sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to India ($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 Hong Kong SAR (+36.1%), 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 Singapore

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were imported into Singapore; which is down by -52.6% compared with the previous year. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 115% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports plummeted to $X in 2021. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 98% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Singapore, with a 66% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Malaysia (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.7% per year) and Malaysia (-14.6% per year).

In value terms, China ($X) constituted the largest supplier of LCD or LED indicator panel to Singapore, comprising 46% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by Malaysia, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.8% per year) and Malaysia (-15.3% 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, surging by 5.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 29%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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