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News Release from: Global Sources
Edited by the Electronicstalk Editorial
Team on 19 July 2006
Eastern DVR makers set to ramp up output
Mainland China exports of CCTV digital video recorders are expected to reach US $139 million in 2006, up 70% from last year.
Mainland China exports of CCTV (closed-circuit TV) digital video recorders are expected to reach US $139 million in 2006, up 70% from last year, according to Global Sources' "China Sourcing Report: CCTV digital video recorders" The report indicates that buyers sourcing CCTV digital video recorders from Greater China and South Korea can expect increased supply and lower price quotes in the coming months
This article was originally published on Electronicstalk on 2 Nov 2005 at 8.00am (UK)
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Report publisher Mark Saunderson said: "The worldwide security boom has makers expanding production capacity and predicting big export increases this year - some larger makers are even setting up overseas offices to sell own-brand products".
Among surveyed manufacturers: 29% say exports will increase by more than 100%; 17% expect increases of between 50 and 100%; 52% foresee increases of up to 50%; and 2% expect a decrease in exports.
Buyers can expect greater supply, with 100% of surveyed Greater China and South Korea manufacturers of CCTV digital video recorders planning to increase production capacity: 40% of suppliers plan to increase capacity by 100% or more; 7% plan increases of between 50 and 100%; and 53% plan to increase capacity by up to 50%.
Manufacturers cited fierce competition as a key factor in their expectations of lower prices in the coming year.
More than half of surveyed makers project declines: 62% say prices will likely decline in the next 12 months; 25% foresee stable prices; and 13% expect price increases.
The 122-page report includes detailed profiles of 47 Greater China and South Korea manufacturers and features a product gallery with 126 top-selling export models.
It also includes production and pricing forecasts as well as in-depth reports on major supply centres.
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