The domestic penetration rate of LED lighting continues to grow, and exports decline
From the perspective of domestic and international sales of LED lighting products, the domestic market penetration rate of LED lighting products in China, that is, the ratio of domestic sales of LED lighting products to total domestic sales of lighting products, continues to rise, reaching 70% in 2018, and preliminary estimates for 2019 are 78 %.
As far as the LED industry is concerned, China is currently the world's largest producer and exporter of LED lighting products. The dependence of lighting exports exceeds 50%. Affected by the Sino-US trade war, China's LED industry is greatly affected. The export volume and export value of China's LED lighting products (light emitting diode (LED) bulb (tube) tariff code 85395000) have continued to decline, and in 2019 they were 5.831 billion pieces / set and 5.403 billion US dollars, down 16.36% year-on-year And 4.82%. Affected by the new global pneumonia, since February 2020, the export value of LED lighting products has continued to decline. In the first three months of 2020, China's LED lighting product exports reached 1.102 billion pieces / set and 878 million US dollar, a year-on-year decrease of 19.84% and 29.50%.
In terms of imports, the number and amount of China's imported LED lighting products continued to decline from 2017 to 2019. In 2019, it was only 0.13 billion pieces / set and $ 32 million, a year-on-year decrease of 99.32% and 69.52%, a significant decrease.
China's overall import and export of LED products showed a trade surplus. In 2019, the trade surplus reached 5.371 billion RMB, a slight decrease. Affected by the epidemic in the first quarter of 2020, the trade surplus declined by a large amount, reaching 871 million RMB.