Asia: Market for Machines For The Manufacture Of Flat Panel Displays 2024

Market Size for Machines For The Manufacture Of Flat Panel Displays in Asia

In 2023, after two years of growth, there was decline in the Asian panel display manufacturing machine market, when its value decreased by X% to $X. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Machines For The Manufacture Of Flat Panel Displays in Asia

In value terms, panel display manufacturing machine production dropped to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Asia

In 2023, the amount of machines for the manufacture of flat panel displays exported in Asia dropped dramatically to X units, which is down by X% on the year before. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports contracted notably to $X in 2023. In general, exports, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Japan dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X units) held the second position in the ranking, followed by South Korea (X units) and China (X units). All these countries together took approx. X% share of total exports.

Exports from Japan decreased at an average annual rate of X% from 2012 to 2023. At the same time, China (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest panel display manufacturing machine supplying countries in Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. These countries were followed by China, which accounted for a further X%.

China, with a CAGR of X%, 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

In 2023, the export price in Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Asia

In 2023, panel display manufacturing machine imports in Asia declined to X units, shrinking by X% compared with the year before. In general, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine imports dropped significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, South Korea (X units) was the key importer of machines for the manufacture of flat panel displays, comprising X% of total imports. Taiwan (Chinese) (X units) took the second position in the ranking, distantly followed by Malaysia (X units) and the Philippines (X units). All these countries together took near X% share of total imports. Japan (X units) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest panel display manufacturing machine importing markets in Asia were South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined X% share of total imports. Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, dropping by X% against the previous year. Overall, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X,606 per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform