U.S.: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in the U.S.

In 2021, after two years of decline, there was significant growth in the U.S. panel display manufacturing machine market, when its value increased by 33% to $X. Over the period under review, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in the U.S.

In value terms, panel display manufacturing machine production fell to $X in 2021. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 5.4% against the previous year. Panel display manufacturing machine production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from the U.S.

In 2021, overseas shipments of machines for the manufacture of flat panel displays decreased by -3.7% to X units, falling for the fourth year in a row after two years of growth. In general, exports saw a deep setback. The growth pace was the most rapid in 2016 with an increase of 205% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, panel display manufacturing machine exports shrank slightly to $X in 2021. Overall, exports, however, posted a slight increase. The pace of growth was the most pronounced in 2016 with an increase of 329%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of panel display manufacturing machine exports from the United States, together accounting for 87% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +36.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for panel display manufacturing machine exports from the United States, comprising 75% of total exports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+13.9% per year) and Taiwan (Chinese) (-18.5% per year).

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, picking up by 3.8% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Singapore ($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 (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into the U.S.

In 2021, after two years of decline, there was significant growth in overseas purchases of machines for the manufacture of flat panel displays, when their volume increased by 44% to X units. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, panel display manufacturing machine imports totaled $X in 2021. Over the period under review, imports, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 118% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of panel display manufacturing machine to the United States, accounting for a 37% share of total imports. Moreover, panel display manufacturing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-28.5% per year) and China (-14.4% per year).

In value terms, Germany ($X) constituted the largest supplier of panel display manufacturing machine to the United States, comprising 52% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-23.1% per year) and Taiwan (Chinese) (+16.2% per year).

Import Prices by Country

In 2021, the average panel display manufacturing machine import price amounted to $X per unit, declining by -22.8% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of 176%. The import price peaked at $X per unit in 2014; however, from 2015 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 South Korea ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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