Asia-Pacific: 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-Pacific

The Asia-Pacific market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) declined modestly to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable increase. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

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

In value terms, LCD or LED indicator panel production expanded slightly to $X in 2023 estimated in export price. In general, production, however, saw a moderate increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

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

Exports in Asia-Pacific

In 2023, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports, however, saw modest growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports reduced to $X in 2023. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Asia-Pacific, with the volume of exports reaching X units, which was near X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X units), Taiwan (Chinese) (X units) and Thailand (X units), together making up a X% share of total exports. Singapore (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) and Singapore (X%) illustrated a downward trend over the same period. China (X p.p.), Thailand (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest LCD or LED indicator panel supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($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 2012-2023. 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-Pacific stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2023, 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) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, 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-Pacific

In 2023, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports contracted to $X in 2023. In general, imports recorded a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Malaysia (X units), Thailand (X units), Taiwan (Chinese) (X units), China (X units) and Hong Kong SAR (X units) represented roughly X% of total imports in 2023. South Korea (X units) took the next position in the ranking, followed by India (X units) and Singapore (X units). All these countries together took near X% share of total imports.

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

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. China, Malaysia, Hong Kong SAR, Singapore and India lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, 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