According to RUNTO released the “global TV panel market shipments monthly tracking”, November 2022, global large-size LCD TV panel shipments of 21.8 million pieces, up 3.2% year-on-year, up 3.6% ringgit.
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13 consecutive months of monthly shipments of the global LCD TV panel market, in thousands of units
Monthly shipments of global LCD TV panel market for 13 consecutive months, in thousands of units
The following are the characteristics of the global LCD TV panel market in November 2022.
Following the LCD panel in October to open the price increase, in November, 32-75-inch LCD TV panel prices continue to rise, up between 2-4 U.S. dollars. Panel price increases continue, on the one hand, manufacturers to regulate the crop rate results, on the one hand, is also the brand business in the month for the domestic overseas promotion expectations, ultimately reflected in the pulling attitude more positive.
Chinese mainland TV panel makers’ share of global market shipments was 65.7%, slightly down from October.
BOE (BOE) shipments for the month exceeded 5.2 million pieces, ranking first. BOE in 32-inch, 43-inch, 65-inch and 75-inch shipments of the four main sizes continue to lead. 85/86-inch product shipments stable, combined shipments in the last two months to maintain 70K-80K. is expected to ship this year’s annual shipments and its 2023 BP will be roughly equivalent.
CSOT (Huaxing Optoelectronics) shipped about 4.1 million units in the month, up 13% year-on-year and up a slight 1% YoY. 55-inch and 98-inch shipments maintained their leading position this month. Among them, the market share of 98-inch reached nearly 80% for the month and nearly 70% for the year, while the cumulative market share of 55-inch products exceeded 30% for the year. Also note that 43-inch products continue to double year-over-year and have been growing for five consecutive months sequentially. 2022 annual shipments are expected to be around 47 million pieces.
The company’s 85-inch products have been shipped steadily since mass production in the fourth quarter of last year, with shipments remaining at around 70K for the past three months and a market share of more than 30% this month. 32-inch and 43-inch products still occupy a major share of the company. The main focus will be on structural upgrades for larger sizes.
–The combined market share of Taiwan-based panel makers Innolux and AUO is 18.3 percent, down 1 percentage point from last year. Both plants grew by more than 20% YoY and their combined market share increased by 3.1 percentage points YoY. Innolux and AUO’s shipment plans for 2023 are 32 million and 12 million units respectively.
LGD’s (LGD) 86-inch product continues to maintain its lead this month, with a cumulative annual market share of over 70%. sharp (Sharp) and SDC (Samsung Display), which is in the process of clearing its inventory, both saw negative growth of varying degrees this month.
November 2022 Global LCD TV panel makers shipment ranking, unit: thousand pieces
Global LCD TV panel makers’ shipment ranking in November 2022, unit: thousand pieces
The overall crop rate of G8.5/8.6 is between 75~80% in December. The crop rate of G10.5 is between 60~65%.
For Q1-2023, the standard action for panel makers will continue to be to adjust prices through crop rates, with prices staying in the 3-5% range, and rising if there is a significant 6-10% drop.
(“Crop rate” is called activation or utilization, and refers to the proportion of time the equipment takes up to create value in the time it can provide.)
