China's Lighting Industry Exports In The First Quarter Of 2020

- Jun 15, 2020-

In the first quarter of 2020, the export value of China's entire lighting industry was US$7.429 billion, a year-on-year decrease of 22.75%. Judging from the data of the past years, it is the lowest quarter since 2013. The main reason is the epidemic situation, and the overall growth base has expanded. In recent years, global market demand has continued to weaken. The comprehensive impact of factors such as curbing demand caused by Sino-US trade friction and the outward migration of some domestic manufacturers’ related production capacity.

In terms of export products, in addition to the scientific research and medical lighting products related to epidemic prevention and anti-epidemic, other types of products have almost double-digit declines. Among them, the average export price of LED light source products has declined. The decline in the export market is also the main theme. The East Asia Southeast Asian market The situation is better than the European and American markets; for export companies, most of them are inevitable. Some companies responded in a timely manner, and the negative impacts of companies that resumed quickly were relatively small.