Report Republic of Korea - Indicator Panels Incorporating Liquid Crystal Devices (Lcd) or Light Emitting Diodes (Led) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 11, 2022

Republic of Korea - Indicator Panels Incorporating Liquid Crystal Devices (Lcd) or Light Emitting Diodes (Led) - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2022

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Republic of Korea

The South Korean market for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) expanded rapidly to $X in 2021, surging by X% against the previous year. Overall, consumption, however, showed a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, lcd or led indicator panel production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a significant contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Republic of Korea

After seven years of decline, overseas shipments of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) increased by X% to X units in 2021. Overall, exports, however, faced a sharp decline. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, lcd or led indicator panel exports surged to $X in 2021. In general, exports, however, continue to indicate a dramatic decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for lcd or led indicator panel exports from South Korea, with a X% share of total exports. Moreover, lcd or led indicator panel exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by India (X units), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and India (-X% per year).

In value terms, Hong Kong SAR ($X), the United States ($X) and China ($X) constituted the largest markets for lcd or led indicator panel exported from South Korea worldwide, together comprising X% of total exports. These countries were followed by Thailand, Indonesia, India and the Philippines, which together accounted for a further X terms of the main countries of destination, Thailand, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) amounted to $X per unit, rising by X% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lcd or led indicator panel export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to India ($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 Indonesia (+X%), 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 Republic of Korea

In 2021, imports of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) into South Korea fell to X units, declining by -X% against 2020 figures. Over the period under review, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, lcd or led indicator panel imports totaled $X in 2021. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of lcd or led indicator panel to South Korea, with a X% share of total imports. It was followed by Hong Kong SAR (X units), with less than X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of lcd or led indicator panel to South Korea, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Hong Kong SAR (+X% 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 X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in the world?
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The countries with the highest volumes of lcd or led indicator panel consumption in 2021 were China, the United States and Japan, together accounting for 43% of global consumption. Malaysia, Germany, Mexico, Canada, Indonesia, Thailand, Italy, Saudi Arabia, India and South Korea lagged somewhat behind, together comprising a further 28%.
What are the largest producers of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in the world?
+
The country with the largest volume of lcd or led indicator panel production was China, comprising approx. 41% of total volume. Moreover, lcd or led indicator panel production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Japan ranked third in terms of total production with an 8.7% share.
What are the leading suppliers of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) to Republic of Korea?
+
In value terms, China constituted the largest supplier of lcd or led indicator panel to South Korea, comprising 68% of total imports. The second position in the ranking was taken by Taiwan Chinese), with an 8.3% share of total imports.
What are the leading importers of indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) from Republic of Korea?
+
In value terms, the largest markets for lcd or led indicator panel exported from South Korea were Hong Kong SAR, the United States and China, with a combined 35% share of total exports. Thailand, Indonesia, India and the Philippines lagged somewhat behind, together accounting for a further 9.3%.
What is the average export price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in Republic of Korea?
+
In 2021, the average export price for indicator panels incorporating liquid crystal devices lcd) or light emitting diodes lcd) amounted to $22 per unit, growing by 11% against the previous year.
What is the average import price for indicator panels incorporating liquid crystal devices (lcd) or light emitting diodes (lcd) in Republic of Korea?
+
The average import price for indicator panels incorporating liquid crystal devices lcd) or light emitting diodes lcd) stood at $4.7 per unit in 2021, picking up by 12% against the previous year.

This report provides an in-depth analysis of the market for lcd or led indicator panel in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 27902020 - Indicator panels incorporating liquid crystal display (LCD)
• Prodcom 27902050 - Indicator panels incorporating light emitting diodes (LED)
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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