First, the content overview
In December, China's LED lighting export prosperity index was 52.9, which was in the boom zone, an increase of 1 point from the previous month. The LED lighting export boom reached the best state in 2017, which was mainly affected by China's LED lighting export scale, exchange rate fluctuations, and packaged device prices. The trend, the impact of multiple factors of corporate LED lighting export business revenue.
High-tech LED lighting export monthly prosperity index
High-tech Research Institute LED Research Institute (GGII)
Remarks: All index values ​​range from 40 to 60, 50 is the threshold of the prosperity index. When the prosperity index is greater than the critical value, it indicates that the economic situation tends to rise or improve, and is in a boom state; when the prosperity index is less than the critical value It indicates that the economic situation tends to decline or deteriorate, and it is in a state of recession. The specific criteria are: 58 or more for the “very prosperous†interval, [58, 53) for the “relatively prosperous†interval, [53, 50) for the “boom†interval, and (50, 47) for the “depression†interval, ( 47, 42] is the "less sluggish" interval, (42, 40) is the "very bad" interval.
Second, GGII analysis
The scale of export growth has increased, and the overall growth of exports has become stronger. In December, the total export value of China's LED lighting was 2.375 billion US dollars, up 15% year-on-year; the export volume was about 2.022 billion, up 24% year-on-year; the scale index increased by 3 percentage points from the previous month.
The exchange rate index did not show significant fluctuations and did not have a significant negative correlation to the export situation. In December, the exchange rate of the US dollar against the RMB fell by 0.4% from the previous month, which did not have a strong negative correlation effect on the development trend of LED lighting exports.
The LED raw material index is stable, and the price of packaged devices tends to be stable. In terms of LED packaging, in December 2017, the price of mainstream LED packaging devices in the Chinese market remained stable, and there were no significant fluctuations in high-power and medium-power products, but the price of packaged products is expected to decline from the first quarter of 2018. Under the stable price, manufacturers continue to upgrade product performance, and focus on the development of industrial lighting, outdoor lighting and other markets with higher growth rates.
The enterprise LED lighting export business revenue index increased, and the export scale of mainstream enterprises increased. In December, the enterprise LED lighting export business revenue index increased by 6 percentage points from the previous month, and about 1,500 production companies showed different degrees of growth.
List of growth of China's LED lighting mainstream enterprises in December 2017
Remarks: The statistics only consider production companies that directly declare exports.
Source: China Customs, High-tech Research Institute LED Research Institute (GGII)
For more information on the richer and more detailed LED lighting export data, please refer to the "China LED Lighting Export Data Products" released by Gaogong.
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