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China LED packaging market scale reached US $7.2 billion in 2013, according to the latest China LED package market report from LEDinside, a division of research organization TrendForce. China becomes a prime market for global LED package manufacturers, who are speeding up efforts to acquire bigger market share.
PV stock clearance is nearly ending. Industry demands continued to increase in April and May this year, but orders for June 2014 remain uncertain. Thus, the spot market is still observing supply and demand changes in 2Q14. Meanwhile, a previous wave of marked down prices and unclear policies in certain markets has led to a beneficial supply and demand situation for buyers. Slower than anticipated stock clearance rates and wafer manufacturers’ high utilization rates led to large price fluctuations within the multi-si wafer market.
Market listed Taiwanese manufacturers saw an upward trend in March revenue as the number of work days return to normal and inventory distribution channel adjustments concluded. March revenue grew 24.1% to NT $11.73 billion (US $389.3 million).
Global Average Selling Price (ASP) for 40W equiv. and 60W equiv. LED bulbs both dipped in February 2014, with falls in U.S. most evident. ASP for 40W equiv. LED bulbs slid 0.8% to US $15.1, while 60W equiv. LED bulb ASP dropped 2.1% to US$ 20.8.
Lighting-level LED price declined 5-9% in 1Q14 as distribution channel inventory levels gradually returned to norm and manufacturers stock-up before Chinese May Day holidays, according to LEDinside, a research subsidiary of TrendForce. Backlight LED price dipped around 3-7%. Price declined steadily during 1Q14 compared to previous slack seasons.
