WitsView: Panel shipments increase further despite arrival of slow season

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2007-11-20 13:32

Taiwan--(뉴스와이어)--According to WitsView's survey, global aggregated large-sized panel shipments in October reached 37.2 million units, a MoM growth of 6.1% and a YoY increase of 36%. Due to the pull-in effect for the year-end Christmas sales, the overall market demand in October was relatively strong. Like the previous month, TVs continued to experience the strongest growth, increasing by 12.6% to 9.1 Mn. In the NB segment, due to a component shortage, the momentum behind the ODM/OEM shipments grew weaker, thereby rendering the NB panel shipments to grow merely by 1.6% to 10.5Mn. In the Monitor segment, in light of the relatively strong demand for certain widescreen/MFM formats, shipments climbed by 5.1% to 17.5Mn.

In terms of area shipments, they rose from 5.5 million to 6.0 million square meters, a MoM increase of 10.1% and a YoY growth of 59.5%. Demand in the TV segment remained relatively buoyant in October. Amid the ongoing ramp up from the G8 and G7.5, the TV area shipment reached 3.3 Mn square meters, up by 14.4%. Due to a smaller base in September, monitor area shipments jumped by 6.7% to 2 Mn square meters. Meanwhile, growth in the NB area shipments were roughly the same as the unit shipments, up merely by 1.8% to 717K square meters.

TV Panels

In October, the TV panel and area shipments respectively reached 9.1 million units and 3.3 million square meters, representing a 12.6% and 14.4% sequential increase. Due to ongoing preparations for the year-end Christmas sales, demand was still strong for October. Based on the usual 1~1.5 lead time for TV panels, October will probably mark the peak for TV shipments. The ratio of the 40”+ continued to grow, increasing from September’s 28.7% to October’s 30.5%. By contrast, the ratio of the smaller 30”+ class stayed at 43.9%. The TV shipment screen size breakdown can be seen in the figure below.

Monitor panels

The aggregated Monitor panel shipments in October reached 17.5 million units, up by 5.7% MoM. The shipment growth of the 19W, 20.1W and 22W were the most notable. The 19W rose from 23.5% to 25.9%. Due to stable demand of high-end products, the 20.1W market share increased 0.3 percentage points to 6.3%. Amid brisk demand for the 22W/MFM, it rose by 1 percentage point to 13.4%. The monitor shipment screen size breakdown can be seen in the figure below.

NB Panels

In October, NB shipments reached 10.5 million units, a MoM increase of 1.6%. In terms of area, they increased by 1.8%. Despite demand stemming from the year-end sales, the NB component shortage and inventory built-up has slowed the momentum behind additional NB panel procurements. Sizewise, the 15.4W, which is the market’s mainstream size, rose from September’s 49.6% to October’s 51.3%. The NB shipment screen size breakdown can be seen in the figure below.

Conclusion

For October, panel shipments were steady. Unfortunately, as the market enters the fourth quarter, which usually represents a slowdown in demand, the effect from the weak seasonality should become more evident after mid 4Q07. However, amid the anticipation of a tight panel supply in 2008, prices were prevented from dropping in October. It can be seen that the demand and supply dynamics are helping to underpin the current price levels. From a panel shipment standpoint, shipments are expected to decrease beginning from November, which should be most notable in the IT panel segment. Further observations should be made on whether the anticipated panel shortage in 2008 may offset the panel shipments from declining too much during the upcoming slow season. In addition, the actual Christmas sales performance is an index that also needs to be paid attention to.

웹사이트: http://www.witsview.com