Republic of Korea: Market for Machines For The Manufacture Of Flat Panel Displays 2024

Market Size for Machines For The Manufacture Of Flat Panel Displays in Republic of Korea

The South Korean panel display manufacturing machine market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption showed a significant expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in Republic of Korea

In value terms, panel display manufacturing machine production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a slight decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Panel display manufacturing machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Republic of Korea

In 2022, the amount of machines for the manufacture of flat panel displays exported from South Korea dropped remarkably to X units, shrinking by X% compared with the year before. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports contracted sharply to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for panel display manufacturing machine exports from South Korea, with a X% share of total exports. Moreover, panel display manufacturing machine exports to China exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for machines for the manufacture of flat panel displays exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Republic of Korea

In 2022, approx. X units of machines for the manufacture of flat panel displays were imported into South Korea; with an increase of X% compared with the year before. Overall, imports showed a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, panel display manufacturing machine imports soared to $X in 2022. Over the period under review, imports enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of panel display manufacturing machine to South Korea, accounting for a X% share of total imports. Moreover, panel display manufacturing machine imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

In value terms, Japan ($X) constituted the largest supplier of machines for the manufacture of flat panel displays to South Korea, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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