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Samsung/LGD OLED Exports to Reach $13b in 2021, up 19.2% Y/Y
South Korea’s exports of OLED displays are expected to jump nearly 20 percent on-year to an all-time high in 2021 on growing global demand, sources said. Revenue from foreign shipments of OLED panels is projected to soar 19.6 percent on-year to $13 billion this year, accounting for more than 70 percent of overall display exports, according to the Industry Ministry and the Korea Display Industry Association. Bolstered by the sharp increase, South Korea’s overall display exports are forecast to come to $18.4 billion this year, up 2.4 percent from the previous year.
Figure 1: 2021 OLED Exports from Korea
South Korea’s exports of OLED displays are expected to jump nearly 20 percent on-year to an all-time high in 2021 on growing global demand, sources said. Revenue from foreign shipments of OLED panels is projected to soar 19.6 percent on-year to $13 billion this year, accounting for more than 70 percent of overall display exports, according to the Industry Ministry and the Korea Display Industry Association. Bolstered by the sharp increase, South Korea’s overall display exports are forecast to come to $18.4 billion this year, up 2.4 percent from the previous year.
Figure 1: 2021 OLED Exports from Korea
