RUNTO LCD TV Panel Prices Predicted to Continue Rising in March 2024
According to Kuai Technology News on February 22, RUNTO has released its LCD TV panel price forecast and fluctuation tracking report for March 2024. The report indicates an ongoing trend of price increases in the market.
In February, the report states that LCD TV panel prices saw a universal increase. Small sizes, including 32 and 43 inches, went up by $1, while larger sizes from 50 inches to 85 inches experienced price hikes of $2 to $3.
Looking ahead to March, the forecast suggests that major panel manufacturers will continue to report increases of US$1-5 across all sizes. The predicted price hike for small and medium sizes is 1-2 US dollars, while medium and large sizes are expected to increase by 3-5 US dollars. The report also warns that in April, there is a possibility of further expansion of the price increases, particularly for large sizes.
Analysts believe that the combined force of factors such as polarizer supply, annual repairs at panel factories, healthy brand inventory, and upcoming major sports events in 2024 will contribute to a significant stabilization and rebound of panel prices.
With the European Cup, America’s Cup, and Olympic Games all taking place in the first half of the year, RUNTO predicts that panel manufacturers will continue to raise prices during this period to capitalize on the high demand for TVs. This strategy will enable them to build profit reserves for potential risks in the second half of the year. Additionally, there is a high probability that production capacity control will be used to stabilize market prices in the latter part of 2024.
As the industry gears up for a year of major sporting events and increasing demand for TVs, it is clear that panel manufacturers are taking measures to maximize their profits and ensure market stability.
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