Export situation of China's lighting appliance industry in the first quarter of 2020

- Jul 21, 2020-

In the first quarter of 2020, China's lighting industry exports totaled US $ 7.429 billion, decrease 22.75% year-on-year. Judging from the data of the past years, it is the lowest quarter since 2013. The main reason is the epidemic situation, and the overall growth base has expanded. In recent years, global market demand has continued to weaken. The comprehensive impact of factors such as curbing demand caused by Sino-US trade friction and the outward migration of some domestic manufacturers ’related production capacity.

In terms of export products, in addition to anti-epidemic and anti-epidemic research and medical lighting products, other types of products have almost double-digit declines, of which the average export price of LED light source products has decreased. The decline in the export market is also the main theme. The situation is better than that in the European and American markets; for export companies, most of these declines are inevitable, and some companies that responded in a timely manner and resumed work quickly received relatively little negative impact.

The export value of LED lighting products is 4.848 billion US dollars, which is a record low since 2014, a year-on-year decrease of 24.34%, the only decline in history.

According to the monthly situation in the first quarter, January is basically normal. February is the most severe period of the domestic epidemic, so the data fell to the bottom. In March, the situation improved due to the continuous resumption of production and production of enterprises.