2017 LED bulb export profits higher than 2016 years

Based on 2016 years, China's RMB exchange rate continued to depreciate, 2017 China's LED bulb business profitability will have a more substantial increase. Domestic LED bulb market parity prices will continue to decline, but the export price due to the recent sharp rise in raw material prices, offset the depreciation of the exchange rate, 2017 China LED bulb export annual average price may be higher than 2016 years.

However, in 2017, the new US government came to power, the tariffs on the new requirements and assumptions, regional economic policy is tearing the world economic and trade integration, for China's exports of lighting products will have a significant impact.

In the past, our land dividends and demographic dividends are gradually disappearing, the industry to Southeast Asia and other countries transfer phenomenon is obvious, lighting companies have the capacity advantage has been challenged. Coupled with the popularity of LED products, relative to other light source products, life performance more stable LED product updates slow, which will also affect the export of China's lighting products.

In the face of many challenges, the state has also introduced a lot of help for the industry, including the Ministry of Commerce in the lighting of raw materials, components, exports and imports into the electricity business have given a number of preferential policies.

In addition, the current domestic market is still maintained a huge just need to face the weak international market, lighting companies can focus on the development of the domestic market, while improving the level of automation manufacturing, improve manufacturing capacity and technical level.