ASEAN LED lighting market is booming

ASEAN, founded in 1967, with 618 million people, 4.48 million square kilometers of land, rich in resources, is one of the faster global economic growth area. In the dedication, everything is inseparable from the LED industry spirit, let us take a look at LED lighting market situation of ASEAN, is worthy of our LED lighting business pours money into developing it?

In 2014, the rapid growth of the ASEAN economy as a whole, its strategic position in the world economic structure has improved significantly, economic exchanges between China and ASEAN has also made considerable progress. 2014 trade volume between China and ASEAN countries is about $ 480.4 billion, a new record high, up 8.3% over 2013. Among them, the largest trade volume between China and ASEAN countries are three countries: Malaysia, Vietnam and Singapore.

First, LED lighting breakdown products from Vietnam imported situation, in 2014 the share of LED stage lights up 87.7%, in second place, third place, LED ceiling lights, LED downlights share of only 5.8% , 3.5%.

LED lighting breakdown products from Malaysia import situation, Nearly sixty percent of the LED lighting market occupied by LED ceiling lights; followed by LED lights, accounted for 18%; LED lamp with a share of 9.8%.

Let's look at Singapore LED lighting market segments, LED ceiling light with a share of 45.7%; followed by the LED lights, accounting for 17.6%; LED lamp with a share of 15.8%.

Above trend in the export of LED lighting products has also been confirmed. 2014 LED lighting market of ASEAN exports of $ 2.99 billion, up 359.28 percent year on year growth, much higher than China's LED lighting products export growth rate 68.82%; total exports of LED lighting products accounted for 16.32%, compared with 10.32 percent increase over the same period in 2013.

Just as in eastern China after the first development of the western development to first drive after the rich, as the ultimate realization of common prosperity, the development pace of ASEAN member countries are not the same, let me take you to see the lighting market which the Member States even more people excited about it. ASEAN members, Vietnam, Malaysia, Singapore became 2014 of LED lighting products for the ASEAN market top three exporting countries, and these three countries are among the top ten export front LED lighting products in China market, where Vietnam , Malaysia, Singapore, located respectively in our LED lighting products export market for the first 3,7,8 position, undoubtedly the fastest rising in Vietnam, from 2013 the first 35 soared to third place in Malaysia rose by 13, Singapore increased by 15. From our LED lighting products export growth in these three markets, the growth rate of up to 1839.45% of Vietnam really needs a large outbreak ah! Malaysia, Singapore, the growth rate also reached 449.97%, 457.55%, how hot the market!

LED lighting for small and medium micro enterprises, lock the main products into the ASEAN market is extremely important to focus on the economic development of the ASEAN market at any time, in-depth understanding of real-time dynamic ASEAN countries infrastructure, develop differentiated products into different strategies in the development process.