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China's LED lighting export report in October: the total export value is 1.626 billion US dollars

China's LED lighting export report in October: the total export value is 1.626 billion US dollars

2021-08-03

According to the latest data released by OFweek Industry Research Center "China LED Lighting Export Monthly Report", in October 2017, China's LED lighting product exports totaled US$1.626 billion, a year-on-year increase of 2.8% and a month-on-month decrease of 30.3%. The export volume was 626 million units/set, a year-on-year increase of 15.85%. The total export value in the first ten months of 2017 was 17.82 billion U.S. dollars, an increase of 7.4% year-on-year, and the overall situation is in a steady growth trend.

Detailed explanation of LED lighting products

  From the perspective of export breakdown products, the export value of bulb lamps was the largest in October, at 299 million US dollars, accounting for 27.03% of the total exports; the products are mainly sold to the United States, Brazil, Japan, Russia and France. The second is ceiling lights, with an export value of US$192 million, accounting for 17.41%; the top five export destinations are the United States, Vietnam, the United Kingdom, Malaysia and Japan. Panel lights ranked third with an export value of 110 million US dollars, accounting for 9.97%; they are mainly sold to the United States, Singapore, the United Kingdom, India and Germany.

Detailed explanation of industrial concentration

  From the perspective of industrial concentration, the top three export regions are Shenzhen, Guangzhou and Ningbo. The export value and proportion are respectively 363 million U.S. dollars (22.39%) and 161 million U.S. dollars (9.91%) And 155 million US dollars (9.56%). The top five export cities accounted for 52.77%, and the top ten export cities accounted for 69.87%, indicating that the LED lighting product industry is still highly concentrated.

Detailed explanation of export destination country

In October, the top three export destinations were the United States, the United Kingdom and Germany. Where:

   The United States ranked first with an export value of 366 million U.S. dollars, a long-term lead over other countries/regions, accounting for 22.5%, and a cumulative export of 4.894 billion U.S. dollars in the first ten months of 2017. The main products exported to the United States are: bulb lights, tube lights, solar lights, light bars/light strips, projection lights, downlights, panel lights, etc.

   The United Kingdom ranks second with 70.54 million U.S. dollars, accounting for 4.34%. The cumulative total of 883 million U.S. dollars in the first ten months of 2017; the main products exported to the United Kingdom are: ceiling lights, bulb lights, panel lights, downlights, Solar lights, etc.

   Germany ranked third in October, with an export value of 63.84 million U.S. dollars, accounting for 3.9% of the total. The cumulative export in the first ten months of 2017 was 926 million U.S. dollars. The main products exported to Germany include: bulb lights, ceiling lights, panel lights, light bars/light strips, light tubes, etc.

Detailed explanation of export enterprises

   In October 2017, the total exports of the top 10 companies totaled 153 million US dollars, accounting for only 9.38%. It can be seen that the overall industry concentration is relatively small and the competition is very fierce.

  From the perspective of export companies, the top export company in October was Zhangzhou Lidaxin Optoelectronics Technology Co., Ltd., with a total export value of 38.77 million U.S. dollars, down 15% year-on-year, maintaining the top export ranking for three consecutive months. . The top three export destination countries are the United States, Japan and Germany. Zhangzhou Lidaxin's product line is relatively concentrated, and more than 80% of its export products are bulb lamps and downlights.

   Ranked second is Zhejiang Hengdian Debang Import and Export Co., Ltd., with an export value of 22.95 million US dollars, a year-on-year decrease of 26%. The top three export destination countries are the United States, Brazil and Japan. Nearly 60% of Hengdian Debang’s exports are bulb lamps.

   Ranked third is Xiamen Sunshine Ennai Lighting Co., Ltd., with an export value of 18.21 million U.S. dollars, a year-on-year decrease of 4%. The top three export destination countries are Poland, France and Indonesia. Its export products mainly include bulb lamps (accounting for 73%), LED tubes (accounting for 12%), downlights (accounting for 4.2%) and panel lights (accounting for 2.6%).

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