Two US lighting manufacturers announced another price increase

A few days ago, according to foreign media reports, American lighting manufacturers Eaton and Acuity Brands have announced price increases, this is the third price increase of Eaton in the year, is the fourth price increase of Acuity Brands during the year.

For reasons of price increases, Acuity Brands said, “it is due to increased inflation costs, increased raw material costs, and tariffs on parts and finished products. On September 24, 2018, the United States announced a 10% levy on finished lighting products imported from China. Tariffs, and said that tariffs will rise to 25% from January 1, 2019. As of the announcement, the United States has planned to implement a 25% tariff on finished lighting products from January 1. The reason for Eaton's price increase is the same as Acuity Brands.

After further evaluating the cost of input to the product, Acuity Brands announced that all lighting, lighting control and other related products that are directly and indirectly affected by the 25% tariff will increase by 15% on the basis of the original price increase, since January 2019. Effective from the 2nd. The order for the purchase and delivery of the existing price is December 28, 2018. Since then, the new orders and shipments have been at new prices.

Eaton announced that in order to make up for the 25% tariff imposed on January 1, Eaton will increase the price of finished products made in China by 15% based on the previous price increase of 10%. The finished product, which is not a Chinese country but contains sub-components produced in China, is also priced to offset the increased cost of the sub-components. The order for the current price and the deadline for shipment are December 31, 2018. Since then, the new orders and shipments have been at new prices.

2018 is a year of great change for the LED lighting industry. As the largest exporter and largest importer of LED lighting trade, China and the United States respectively will increase the tariffs and affect the demand of the supply chain and affect the end consumers. The US lighting brand chooses to increase the price is also a helpless move. It is estimated that there will be more lighting in the later stage. Brands follow suit to increase prices.