Asia: 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 Asia

The Asian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) reached $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, LCD or LED indicator panel production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

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

Exports in Asia

In 2022, exports of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia declined to X units, waning by X% compared with 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, LCD or LED indicator panel exports stood at $X in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Hong Kong SAR (X units), Indonesia (X units), Thailand (X units) and Singapore (X units), together creating a X% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR and Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest LCD or LED indicator panel supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, LCD or LED indicator panel exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2022, after five years of growth, there was significant decline in overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume decreased by X% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, LCD or LED indicator panel imports rose slightly to $X in 2022. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) represented the largest importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Thailand (X units) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), Malaysia (X%) and China (X%). Indonesia (X units) and India (X units) took a little share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) imports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Malaysia (X%), China (X%) and Thailand (X%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), Malaysia, China, Thailand and India increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :