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

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

For the third year in a row, the South Asian panel display manufacturing machine market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a dramatic setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, panel display manufacturing machine production declined rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a significant curtailment. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Southern Asia

In 2022, shipments abroad of machines for the manufacture of flat panel displays increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports surged to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the machines for the manufacture of flat panel displays exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest panel display manufacturing machine supplier in Southern Asia.

In India, panel display manufacturing machine exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price showed a significant increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Southern Asia

In 2022, the amount of machines for the manufacture of flat panel displays imported in Southern Asia shrank markedly to X units, which is down by X% against 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, panel display manufacturing machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

India dominates imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Nepal (X units), generating a X% share of total imports. The following importers - Sri Lanka (X units) and Bangladesh (X units) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to panel display manufacturing machine imports into India stood at X%. At the same time, Nepal (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) and Bangladesh (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported machines for the manufacture of flat panel displays in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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