The Mainland China display exports market has experienced remarkable growth, with a nearly 20% increase in November 2023 alone. According to the Monthly Express Report on Mainland China’s Display Export Market by RUNTO, mainland China’s display exports, including automotive and aviation displays, reached 10.54 million units in November. This marked a 27.1% year-on-year increase. Export volume also grew significantly, reaching 9.11 billion yuan—an 18% increase from last year. In U.S. dollar terms, exports amounted to $1.27 billion, reflecting a 16.4% rise year-on-year.
Global Growth Across Key Regions
In November, mainland China’s display exports achieved strong growth across all major regions. North America, Western Europe, and other areas reported growth rates of over 50%. This demonstrates the increasing global competitiveness of mainland China’s displays, driven by strong demand. Moreover, since August 2023, mainland China’s display export market has seen consistent year-on-year growth for four months. Despite a slight dip in July, overall performance remains stable, with 116 million units exported in the first 11 months of the year. This represents a 9.4% year-on-year decrease.
North America: The Largest Export Market
North America remains the dominant market for Mainland China display exports. In November, mainland China exported about 3.01 million units to North America, a 52% year-on-year increase. This accounted for 29% of the total exports, a 5 percentage point rise from the previous year. As a result, North America’s dominant position in the display export market continues to strengthen.
Asia: A Growing Export Destination
Asia has emerged as the second-largest market for Mainland China display exports. Exports to Asia reached around 2.9 million units in November, a 9% year-on-year increase. This represented 27.5% of total exports. In recent years, trade cooperation between China, Vietnam, and Indonesia has helped reduce trade barriers, contributing to the growth of the display export market.
Western Europe: Key to Continued Export Growth
Western Europe has become the third-largest market for Mainland China display exports. In November, exports to the region grew by 53%, totaling 2.12 million units. This accounted for 20.1% of total exports. Furthermore, the Netherlands, Germany, and the UK have played vital roles in driving this expansion. The Netherlands, in particular, serves as a major distribution hub for displays across Europe.
Looking Ahead: Sustaining Growth in the Display Export Market
Looking forward, Mainland China display exports are expected to continue their upward trajectory. The ongoing growth in global market share and strengthened trade relationships indicate a promising future. However, to maintain competitiveness, the display industry must focus on improving product quality and structure to meet the evolving needs of global consumers.
Conclusion: Key Trends Shaping Mainland China’s Display Exports
In conclusion, mainland China’s display export market has demonstrated impressive growth, particularly in North America, Asia, and Western Europe. As global demand increases, the market is poised for continued expansion. To ensure long-term success, the industry must refine its offerings and adapt to the changing needs of international consumers. For more insights into global markets and technology trends, visit TinyDeals.
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