In terms of export products, in addition to anti-epidemic and anti-epidemic research and medical lighting products, other types of products have almost double-digit declines, of which the average export price of LED light source products has decreased. The decline in the export market is also the main theme. The situation is better than that in the European and American markets; for export companies, most of these declines are inevitable, and some companies that responded in a timely manner and resumed work quickly received relatively little negative impact.
The export value of LED lighting products was US $ 4.848 billion, which was a record low since 2014, a year-on-year decrease of 24.34%, and the decline was also the only one in history.
1. Light source products:
Judging from the situation in the first quarter, January is basically normal. February is the most severe period of the domestic epidemic, so the data fell to the bottom. In March, the situation has improved due to the continuous resumption of production and production.
In the first quarter of 2020, China exported a total of 1.741 billion units of various general-purpose light source products, a year-on-year decrease of 22.4%; among them, 380 million incandescent lamps, a year-on-year decrease of 11.5%, and tungsten halogen lamps of 83 million, a year-on-year decrease of 17.6%; compact fluorescent lamps 115 million units, a year-on-year decrease of 46.9%, straight tube / ring fluorescent lamps 409 million units, a year-on-year decrease of 30.3%; three types of HID lamps totaled 12 million units, a year-on-year decrease of 8.2%; LED light sources were 1.102 billion units, a year-on-year decrease of 19.9%, accounting for light sources The total number of exports still reached 63.4%, a slight increase year-on-year. On the whole, the decline of fluorescent products is greater, so the overall proportion is reduced, the pattern of other products is relatively stable, and the substitution of LED light sources for traditional light sources is in a gradual stage.
The main lamps and lanterns products include “chandeliers and electrical lighting devices on ceilings or walls”, that is, fixed lamps; “electrical table lamps, bedside lamps or floor lamps”, portable lamps; “complete lamps for Christmas trees” “;” Unlisted electric lamps and lighting devices “, that is, outdoor lamps and some LED lamps and so on. The export of these types of lamps and lanterns reflects the fundamentals of national economic demand. As the proportion of LED products continues to increase, its export value currently accounts for 60% of the total lighting export, which plays an important role in driving the overall export. status. In the first quarter of this year, the total exports of these four HS-coded lighting products totaled 4.417 billion US dollars, a year-on-year decline of 22.4%, which is in line with the decline in the overall export value of lighting products.
It is mainly used for light sources, lamp holders, heat sinks, glass parts, plastic parts, metal parts for lamps, etc. Accessories products have achieved good growth in recent years. This is due to the deep supply chain characteristics of the lighting industry. Even if other countries are engaged in the manufacture of finished lighting products, they must rely heavily on China ’s complete lighting supply chain, plus last year ’s 301 Due to the impact of tariffs, part of the production capacity of some domestic manufacturers and overseas orders inevitably flow to manufacturing countries such as India, Vietnam, South Korea, Turkey, and Malaysia, and also accelerate the external SKD / CKD trade of related products. The decline in accessory products in the first quarter of this year also reflected the impact of the epidemic on global lighting manufacturing.
4. LED products
Among them, the number of LED light source exports was 1.102 billion, down 19.9% year-on-year; the export value was 876 million US dollars, down 29.9% year-on-year; this also meant that the export unit price fell further by 12.5%, only 0.80 US dollars to continue to refresh the historical low. Among them, the unit price of LED lamp export is only 1.87 US dollars, and the unit price of bulb export is only 0.73 US dollars.
Judging from the monthly data on the export of LED light sources in the past 15 months, compared with the expected decline in export value, the continuous decline in export unit prices is more worrying. The brutal price competition in the overseas market continues and intensifies under the epidemic. .
The export value of LED lamps and lanterns products is about 3.972 billion US dollars, a year-on-year decrease of 23.8%. It currently accounts for about 82% of the total export of LED products, and the proportion of total lamp exports is about 90%.