South-Eastern Asia: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2025

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in South-Eastern Asia

The Southeast Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) expanded sharply to $X in 2021, surging by 9.9% against the previous year. Overall, consumption, however, showed a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in South-Eastern Asia

In value terms, LCD or LED indicator panel production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 167% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in South-Eastern Asia

In 2021, exports of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in South-Eastern Asia skyrocketed to X units, rising by 16% against 2020. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 273%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 90% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia was the key exporting country with an export of around X units, which reached 70% of total exports. It was distantly followed by Thailand (X units) and Malaysia (X units), together mixing up a 28% share of total exports.

Indonesia was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) exports, with a CAGR of +49.3% from 2012 to 2021. At the same time, Thailand (+17.0%) and Malaysia (+6.1%) displayed positive paces of growth. While the share of Indonesia (+60 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-7.3 p.p.) and Malaysia (-17.4 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 86% of total exports.

Indonesia, with a CAGR of +33.1%, saw 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

The export price in South-Eastern Asia stood at $X per unit in 2021, with an increase of 24% against the previous year. Overall, the export price, however, continues to indicate a sharp contraction. 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 remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-3.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

In 2021, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) increased by 12% to X units, rising for the fifth consecutive year after three years of decline. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when imports increased by 38% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports shrank to $X in 2021. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units) and Thailand (X units) dominates imports structure, together generating 82% of total imports. It was distantly followed by Indonesia (X units) and Vietnam (X units), together creating a 14% share of total imports. Singapore (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +35.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together comprising 68% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +30.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, waning by -19.7% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2019 when the import price increased by 2.1% against the previous year. The level of import peaked 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 importing countries. In 2021, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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