Display Panel Price Increase Trend Expected to Continue Until Year-End

[Asia Economy Reporter Changhwan Lee] The price of LCD (liquid crystal display) panels continues to rise through the end of the year. This is expected to help improve the profitability of the domestic display industry.

According to Hana Financial Investment and Omdia on the 8th, the average price of LCD TV panels has been steadily increasing since the third quarter into the fourth quarter of this year.

In the fourth quarter, 55-inch panels rose 20.6%, 65-inch panels 13.6%, and 75-inch panels 3.7% compared to the third quarter.

It is analyzed that the panel price increase continues as set manufacturers increase inventory accumulation demand ahead of the U.S. Black Friday at the end of the year.

TV demand is also increasing. As of September, TV sales reached 22.4 million units, a 9% increase compared to the previous month. Samsung Electronics sold 5.2 million units, up 15% year-on-year and 3% month-on-month, while LG Electronics sold 2.7 million units, up 14% month-on-month.

Hyunsoo Kim, a researcher at Hana Financial Investment, said, "TV and IT demand is expected to remain strong through the end of the year," adding, "Panel prices are also expected to continue rising until year-end."

As strong TV and IT demand continues, major Korean panel companies such as Samsung Display and LG Display are also changing their LCD downsizing plans. They recently stated that they are adjusting panel production volumes according to market conditions.

Researcher Kim predicted that due to strong panel demand and production adjustments, the performance of our display panel companies is also expected to improve in the fourth quarter.

This content was produced with the assistance of AI translation services.