Chinese LED lighting products decline in export growth

Customs export data collation CSAResearch available the first quarter of 2015 exports amounted to $ 2.54 billion, compared with the fourth quarter of 2014 decreased $ 200 million, down 8%. In fact, from 2011 to 2014, the overall exports of dwindling situation, only LED lighting product exports have been more than 30% of high-speed growth.

Chinese LED lighting products decline in export growth

2014-2015 export growth of LED lighting products than from 2011 to 2013 to be eased, from $ 340 million in 2011 first quarter to 2014 in the first quarter of $ 2.764 billion, total exports almost tripled. But since the second quarter of 2014, export growth began to show a downward cliff, Q2143% from 2014 down to 8% in 2015 Q1.

China as a manufacturing base for global lighting products, LED lighting products export situation from a high growth phase into the growth zone. CSAResearch noted that exports fell may be two reasons: The first reason is that in 2015 China’s foreign trade in transition and structural shift of growth. The second reason is that in the first quarter of 2015 Chinese New Year holiday, during the Spring Festival holiday small because of the lack of manpower, material pulled down exports in the first quarter.

2015 Q1, our LED lighting products market structure is relatively large changes in Q1 2014, the share of exports of ASEAN countries has accounted for 11 percent, surpassing Japan market ranked third in exports, but the export market become more decentralized and balanced regional distribution. Traditional Europe, America, Japan and other traditional markets is still the mainstream market, and the ASEAN region and other emerging markets accounted for the rapid expansion of market share in the Middle East and the BRIC countries declined slightly.