Video Monitor Market

The global video monitor market is expected to experience a slight decrease in volume but an increase in value from 2022 to 2030. Consumption trends have shown fluctuations over the years, with China, the United States, and Japan leading in consumption volumes. Production rates have been on the rise, with China being the largest producer. Import/export statistics indicate growth, with China being the major exporter and the United States being the largest importer. Prices have shown variations among different countries, with Vietnam having the highest export price and Hong Kong SAR having the lowest. Overall, the market analysis suggests a complex landscape of trends and patterns that will influence the future of the video monitor industry.

Market Forecast

The video monitor market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 382M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market value to $81.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Video Monitors

After two years of decline, consumption of video monitors increased by 2.4% to 387M units in 2022. In general, the total consumption indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the maximum volume at 395M units in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The global video monitor market size rose to $69B in 2022, with an increase of 1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $72B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (59M units), the United States (56M units) and Japan (18M units), together accounting for 34% of global consumption. Brazil, Pakistan, Indonesia, India, Nigeria, Russia, Germany, Mexico, the Philippines and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +11.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($10B), China ($9.2B) and Japan ($2.9B) were the countries with the highest levels of market value in 2022, together comprising 32% of the global market. Nigeria, Germany, Pakistan, Indonesia, the UK, the Philippines, India, Russia, Mexico and Brazil lagged somewhat behind, together accounting for a further 25%.

In terms of the main consuming countries, the Philippines, with a CAGR of +11.7%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of video monitor per capita consumption in 2022 were the United States (168 units per 1000 persons), Japan (145 units per 1000 persons) and the UK (133 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Philippines (with a CAGR of +10.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Video Monitors

In 2022, the amount of video monitors produced worldwide rose slightly to 399M units, picking up by 4.8% against the previous year. In general, the total production indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, video monitor production amounted to $71.2B in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, global production attained the maximum level at $73.4B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

China (206M units) constituted the country with the largest volume of video monitor production, accounting for 52% of total volume. Moreover, video monitor production in China exceeded the figures recorded by the second-largest producer, Brazil (15M units), more than tenfold. Pakistan (15M units) ranked third in terms of total production with a 3.8% share.

In China, video monitor production increased at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+5.1% per year) and Pakistan (+6.4% per year).

Imports

World Imports of Video Monitors

In 2022, supplies from abroad of video monitors increased by 8.9% to 252M units, rising for the sixth year in a row after four years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14%. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, video monitor imports expanded notably to $47.7B in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, the United States (60M units), distantly followed by the Netherlands (26M units) and Germany (13M units) represented the largest importers of video monitors, together achieving 40% of total imports. The following importers - Russia (10M units), Mexico (9.9M units), Japan (9.3M units), India (8.9M units), the UK (8.8M units), the Czech Republic (7.9M units), Poland (5.6M units), Canada (5.6M units), France (5.2M units) and Malaysia (5M units) - together made up 30% of total imports.

Imports into the United States increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Poland (+16.3%), Malaysia (+15.7%), the Czech Republic (+10.3%), Russia (+8.2%), Germany (+6.7%), the Netherlands (+5.0%), Canada (+4.6%), the UK (+3.0%), France (+2.0%), India (+1.6%) and Japan (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +16.3% from 2012-2022. Mexico experienced a relatively flat trend pattern. While the share of the Netherlands (+1.7 p.p.), Russia (+1.6 p.p.), Poland (+1.6 p.p.), Germany (+1.6 p.p.) and the Czech Republic (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($11.1B) constitutes the largest market for imported video monitors worldwide, comprising 23% of global imports. The second position in the ranking was taken by the Netherlands ($5.2B), with an 11% share of global imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.2%. In the other countries, the average annual rates were as follows: the Netherlands (+6.9% per year) and Germany (+4.1% per year).

Import Prices By Country

The average video monitor import price stood at $190 per unit in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 an increase of 6.2% against the previous year. As a result, import price attained the peak level of $191 per unit, leveling off in the following year.

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 Germany ($272 per unit), while Mexico ($74 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Video Monitors

In 2022, shipments abroad of video monitors increased by 13% to 264M units, rising for the sixth year in a row after two years of decline. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.0% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 29% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, video monitor exports totaled $48B in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.8% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports By Country

In 2022, China (148M units) was the major exporter of video monitors, achieving 56% of total exports. It was distantly followed by the Netherlands (35M units), creating a 13% share of total exports. Mexico (9.3M units), the Czech Republic (8.1M units), the United States (6.8M units), Vietnam (6.7M units), Poland (5.7M units) and Hong Kong SAR (4.8M units) took a little share of total exports.

Exports from China increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Vietnam (+37.0%), the Czech Republic (+17.7%), Poland (+12.3%), the Netherlands (+9.7%) and Mexico (+9.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.0% from 2012-2022. By contrast, the United States (-3.1%) and Hong Kong SAR (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Vietnam, the Czech Republic and China increased by +5, +2.4, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($21.6B) remains the largest video monitor supplier worldwide, comprising 45% of global exports. The second position in the ranking was taken by the Netherlands ($5.5B), with an 11% share of global exports. It was followed by Vietnam, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +5.5%. In the other countries, the average annual rates were as follows: the Netherlands (+8.4% per year) and Vietnam (+40.1% per year).

Export Prices By Country

In 2022, the average video monitor export price amounted to $182 per unit, dropping by -7.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 15%. Over the period under review, the average export prices hit record highs at $216 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($393 per unit), while Hong Kong SAR ($114 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform