LED lighting exports exceeded $2.6 billion in the first quarter

The first quarter of 2017 has passed. Apart from the performance of the major public companies, we are looking overseas. What is a landscape, calm or stormy market in the export market of LED lighting products? 

First, in 2017 Q1LED lighting products exports over 2.6 billion US dollars

According to the statistics of materials, in the first quarter of 2017, the total export volume of LED lighting products in China reached 2.621 billion U.S. dollars, up 17.9% over the same period of last year, continuing the trend of slow growth in 2016.

Second, the list of export enterprises

In recent years, with the recovery of the global economic situation and the development of China's LED industry, more and more enterprises sail overseas, the competition of LED lighting export enterprises is also increasingly fierce.

Q1 2017 China's LED lighting products exporters 7800, the top 30 companies export 737 million US dollars, accounting for less than 30%, showing that the overall concentration is smaller, the competition is very fierce.

Top ten companies as shown below, the top ten enterprises only 3.7 billion US dollars of total exports, accounting for less than 15%.

Third, LED lighting product type analysis

In Q1 2017, the types of export products are in line with those in 2016, excluding 36.17% of unlisted lamps, bulb lamps, tube lights and light bars.

Bulb to 492 million U.S. dollars in total exports ranked first, accounting for 18.77%, double the same period in 2016.

The second is the tube lights, exports amounted to 275 million US dollars, accounting for 10.84%, an increase of 25.22%.

The third is the light bar, exports amounted to 1.42 billion US dollars, accounting for 5.43%, down 0.04%.

Fourth, the export zone is concentrated in Europe, Asia and the United States on three continents

Most of China's exports of LED lighting products are mainly concentrated in Europe, Asia and North America, the 2017 three traditional continents together accounted for nearly 90%.

Asia and North America accounted for nearly 3 percentage points more than the same period in 2016.

Year on year growth rate, only Oceania fell, down 14.72%. The fastest year-on-year increase was in Latin America, reaching 42.4%.

Fifth, the destination country of export ranking, the United States ranked first

In Q1 2017, out of the ten countries that imported the most LED lighting products in China, the United States won the first prize with a total amount of 720 million U.S. dollars, an increase of nearly one-third over the same period of 2016.

Hong Kong, China, ranked second with $ 187 million, an increase of 67.34% over the same period of previous year, making it the fastest-growing region in the top 10 destinations of export destinations.

Runner-up for Germany, China's imports of LED lighting products 121 million US dollars, up 0.78%, little change.

Article from China Semiconductor Lighting Network

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