According to MIC (Market Intelligence & Consulting Institute), shipment volume of the Taiwanese large-area TFT-LCD panels totaled 55.2 million units in the fourth quarter of 2013, up 2.3% sequentially but down 10.6% year on year. Breakdown by application reveals that notebook PC maintained the highest share, at 34.5%, followed by LCD TV (32.8%) and LCD monitor (30.6%). LCD TV panels registered the strongest sequential growth of 9%, mainly due to Chinese branded vendors' inventory replenishment ahead of the Chinese Lunar New Year holidays. However, LCD TV panel shipments declined 12.4% year on year, for the baseline period in 2012 was driven up by China's subsidy policies for energy-saving home appliances. LCD monitor panels saw only modest demand from branded vendors since the market remained sluggish. Besides, panel manufacturers tended to produce LCD monitor panels on actual demands in order to reserve capacity for other application products. Consequently, shipment volume of LCD monitor panels fell 3.8% sequentially in the fourth quarter. As for notebook PC panels, shipment volume inched up 1.8% sequentially as a result of the nearly flat demand against last quarter.

Regarding shipment volume share by month, October, November, and December took up 31%, 32.6%, and 36.4%, respectively. December saw the highest share as panel manufacturers were adjusting capacity to meet the demand for notebook PCs.

The industry's shipment value reached around US$5.16 billion in the fourth quarter of 2013, down 1.2% sequentially and 7.9% year on year. As the trend towards launching large-area LCD TV panels has waned and the growth momentum of high-end 4K2K panels has fallen short of expectation, both factors failed to boost the industry's ASP. Moreover, while panel manufacturers did not scale down supplies in the face of flat end-user demand, they attempted to boost shipment volume by slashing product price, leading to a decline in the industry's ASP to US$93.5 in the fourth quarter of 2013.

Taiwanese Large-area TFT-LCD Panel Shipment Volume, 4Q 2011 - 2Q 2014

Source: MIC, February 2014

To see more about this report, please visit: The Taiwanese Large-area TFT-LCD Panel Industry, 1Q 2014

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english