TV panel prices are set to fall in April as global demand is expected to contract significantly in the wake of coronavirus pandemic, particularly in the US and Europe, according to industry sources.
As the pandemic is yet to come under control, many major sports events are unlikely to go on, stalling demand for TVs and adding more pressure on panel prices, said the sources.
Overall demand for TVs will remain lackluster in the first half of the year, and whether TV demand could pick up in the second half will depend on when the virus can be contained, added the sources.
According to China-based Sigmaintell Consulting, global TV shipments are bracing for a reduction of eight million units or 3.3% on year in 2020 from the levels seen a year earlier.
It also estimates that quotes for 32-inch TV panels are expected to fall US$1 to US$37 on average in April, and those for 39.5- to 43-inch models will also edge down US$1 to US$65.
Prices for 50-, 55-, 65- and 75-inch panels are expected to remain stable at US$90, US$114, US$178 and US$291, respectively, in April, added the market research firm.