Analysis of LED lighting market in 2016

In2016, the penetration rate of the LED lighting products in the domestic market, up 10 percentage points over 2015. At the same time, the first decline in exports of lighting products. The Middle East becomes ??the new darling of the export area.

Analysis of LED lighting market in 2016

First, the penetration rate of the LED lighting products in the domestic market is 42%

In 2016, the world accelerated to eliminate incandescent, LED has become the mainstream of lighting. China's domestic LED lighting products output of about 8 billion, an increase of 33%; domestic sales of about 3.8 billion, an increase of 35%. LED lighting products domestic market penetration (LED lighting products, domestic sales volume / total domestic sales of lighting products) reached 42%, up 10 percentage points over 2015.

Second, negative growth in the amount of lighting exports 

After years of rapid growth in 2016, China's LED lighting products began to decline. The 11 months in 2016 years, China's total output of LED lighting products amounted to nearly 9.4 billion US dollars, down 2.4% over the same period in 2015. It’s expected $ 10.5 billion intotal exports in 2016.

Third, the Middle East becomes ??the new darling of the export area

From January to November in 2016, the EU, the United States, Japan, ASEAN countries, BRIC countries and the Middle East countries are the major markets for China's LED lighting products, but the market is uneven and growing. US market growth slowed to 17%, the market share increased by 4 percentage points over the same period in 2015; the EU growth rate of 23%; the rapid rise in the Middle East market, the highest growth rate of 27%, the market share of 7%, an increase of 2 percentage points over the same period last year. At the same time, the Russian market fell sharply; BRIC market share from 7% in 2015 to 6%; exports to Japan fell sharply, compared with the same period in 2015 fell 17%.

Fourth, indoor lighting is still the mainstream export products

In 2016, China's LED lighting products, bulb exports ranked first, followed by tube lights, light and decorative lights. Several major mainstream products (bulb, tube lamp, light bar and spotlights) accounted for the proportion of the market gradually reduced, of which the lamp down 11.99%, 28.98% reduction in spotlights, and decorative lights, flood light, flat lights Such as faster growth, which flat lamp growth of nearly 120%.

Fifth, product prices slow down the pace

According to the data shows that from the beginning of 2012 to the end of October 2016, the average price of LED lighting products exports fell by 87.6%. 2016 January to October, LED lighting products export prices fell more than 20%.

In 2016, the concentration of the export volume of the top ten manufacturers is 11%, which basically flat with 2015, ranked in the top ten enterprises and slightly changed the ranking.

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