Research from Meko has found that the desktop monitor market in EMEA saw a quarterly decline of 21 per cent in shipments and an 18 per cent decline in market value.
Year-on-year data is even more pessimistic. Shipments fell by 24 per cent compared to the same period last year, while market value declined by 41 per cent to a level comparable to the year 2000.
This striking fall in value was caused by the collapse of Western consumer demand for monitor and television panels at a time when Asian manufacturers were enjoying record growth and profits.
Nonetheless, LG, Acer, Hannspree, AOC and Iiyama were all able to report year-on-year growth as recent rises in panel prices are beginning to filter through to the end-user.
“The market volume decline in Q2 was expected, but has taken us back to market values that were last seen nearly ten years ago in 2000,” said Meko’s analyst director Paul Butler. “With the continuing financial situation squeezing the Eastern European sector, and no growth in the middle East and Africa, the result was in line with our previous forecast. A slowing in the rate of value drop was welcome.”