Home > News > Industry News > Panel shipments fall by 23.9% YoY in December 2008, says WitsView

Panel shipments fall by 23.9% YoY in December 2008, says WitsView

Post Time:Jan 17,2009Classify:Industry NewsView:316

According to WitsView’s survey, worldwide large-size panel shipments reached 25.15 million units in December 2008, down slightly by 2.6% MoM. On a YoY basis, they slumped by 23.9%. Although the general end market demand remained uncertain, a stronger pull-in effect occurred during December. This stemmed from the fewer working days in Jan09 and downstream vendors’ preparations for the upcoming Chinese Lunar New Year sales promotions. Coupled by the year-end inventory accounting, panel suppliers aggressively tried to clear away their unsold inventory in minimizing their losses. These factors led to a better-than-expected shipment performance during Dec08.

NB (12.1” and above) panel shipments reached 7.94 million units in December. As a NB panel inventory built-up occurred, due to weak end market sales in 4Q08, the Korean players aggressively tried to reduce their stock by securing more panel orders. This resulted in a small 1.0% MoM NB panel increase in December. In the monitor segment, shipments were down by a mere 0.1% MoM to 10.45 million units. As mentioned above, shipments were underpinned by the panel makers’ inventory clearing. Finally, TV panels experienced the biggest drop among the 3 main applications, where it fell 10% MoM to 6.76 million units. The fall was mainly attributed to the persisting macroeconomic woes and sluggish sales of higher-end TV sets.

The aggregated large size panel area shipments in December dropped from November’s 4.72 million square meters to 4.28 million square meters, down 9.2% MoM. On a yearly basis, a double digit decline continued, tumbling by 20.8%. NBs increased by 2.1% MoM to 544K square meters, due mainly to the panel makers’ inventory clearing. TV and monitors were down respectively by 14.8% and 1.2% to 2.48 million and 1.25 million square meters. Generally speaking, in the wake of the deteriorating global economy, the smaller and cheaper TV products have become a popular choice among price-conscious consumers. Falling demand of the more expensive bigger-sized TV sets has thus led to a lower consumption of large-sized glass substrates.
About WitsView

Founded in the year 2004, WitsView, a subsidiary brand of DRAMeXchange, is composed of a team of TFT-LCD industry experts. The research field covers the development and market trend of upstream components, mid stream panels and downstream system integrators and retailers.

Source: WitsView Technology CorporationAuthor: shangyi

Related News

Hot News