MUMBAI: Mainland China exports of CCTV (closed-circuit TV) digital video recorders are expected to reach US$139 million in 2006, up 70 per cent from last year.
A new report released, "China Sourcing Report CCTV Digital Video Recorders," 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. These findings are based on in-depth manufacturer interviews, factory visits and surveys, states an official release.
Report publisher Mark Saunderson says, “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 per cent say exports will increase by more than 100 per cent;
- 17 per cent expect increases of between 50 and 100 per cent;
- 52 per cent foresee increases of up to 50 per cent and;
- 2 per cent expect a decrease in exports.
Manufacturers forecast huge capacity growth, price declines for CCTV DVRs. Buyers can expect greater supply, with 100 per cent of surveyed Greater China and South Korea manufacturers of CCTV digital video recorders planning to increase production capacity:
- 40 per cent of suppliers plan to increase capacity by 100 per cent or more;
- 7 per cent plan increases of between 50 and 100 per cent and;
- 53 per cent plan to increase capacity by up to 50 per cent.
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 per cent say prices will likely decline in the next 12 months;
- 25 per cent foresee stable prices and;
- 13 per cent expect price increases.
The 122-page "China Sourcing Report CCTV Digital Video Recorders" 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 centers, adds the release.
