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LCD industry policy and environmental analysis
Currently, about one-third of the global panel production capacity is concentrated in mainland China. Domestic manufacturers have initially possessed the ability to compete on the same stage with the global panel industry leaders. This is inseparable from the support of national policies and continuous Invest. The following is an analysis of LCD industry policy and environment.
Analysis of the LCD industry shows that the LCD demand area in 2017 increased by 5.7% year-on-year: In 2017, the global shipments of large and medium-sized panels of 7 inches or more (tablets, laptops, monitors, TVs) will continue to decline 2.1%, the total shipment is about 748 million pieces. However, driven by the expansion of mainstream TV sizes, the global LCD demand area will grow by 5.7% year-on-year. When calculating the oversupply index, cutting efficiency also needs to be considered. From the perspective of major large-size production lines, the cutting efficiency is between 85%-96%, taking into account the cutting technology. Taking into account the gradual development and maturity of the cutting technology, the cutting efficiency will be around 88% in 2015-2016, and the cutting efficiency will be increased to around 90% in 2017-2019. The oversupply index in 2017 was only 2%, the lowest in recent years.
Through the analysis of LCD industry policy and environment, in recent years, the export scale of China's LCD industry has shown a downward trend, mainly due to the slowdown in the development of the global electronics industry. In 2016, the domestic LCD industry exported 29.93 million units, a year-on-year decrease of 10.98%, and the export value was US$2.130 billion, a year-on-year decrease of 29.85%. In 2017, the export volume of China's LCD industry was only 19.5 million units, a further sharp decline.
At the same time, the export value and export unit price of my country's LCD monitors are also showing a downward trend. In 2016, the export value of my country's LCD monitors was US$2.13 billion, a year-on-year decrease of 29.85%, while the average export price was only US$71.17/unit. In 2017, the export value and export volume of my country's LCD monitors continued to fall.
Through the analysis of LCD industry policy and environment, according to data, my country's panel supply will surpass South Korea as the world's largest panel producer in 2019. From the perspective of changes in global LCD demand, in 2017, the global LCD still maintained a growth rate of 4.5%, and the current domestic independent supply rate of TV panels is still quite far from the 80% target set by the Chinese government. Localized substitution effect Continued progress, coupled with the continuous enlargement of the size of LCD TVs, has increased the demand for domestic LCD production capacity.
According to the area calculation, the demand side will grow in the range of 5.0-7.0% year-on-year in the next 3 years, and the supply side will grow less year-on-year in 2017, only 2.8%. This is mainly due to the reduction of LCD production capacity and investment by large Korean manufacturers Lead to AMOLED production. Among them, Samsung Display closed the L7-1 production line in the second half of 2016 and transferred part of the L7-2 production capacity to produce AMOLED. In 2017, it closed the L6 production line; LG Display plans to gradually shift the 6th generation line and the 8th generation line to AMOLED production capacity . Global production capacity expanded rapidly to 7.9% in 2018 and 10.1% in 2019. The above is all the content of LCD industry policy and environmental analysis.
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