Chip and shipping price have fallen, the export value of LED lighting products has surged

CCTV Financial Report:

In 2021, under the severe impact of COVID-19 on the global market and the increasingly complex external environment, the domestic LED lighting industry once showed strong resilience and growth potential, and the annual export volume increased by 33.33% year-on-year. The industry also encountered a short-term "stall" in 2022 , but the reporter found that the current domestic LED lighting export situation is changing from the first quarter's decline and returning to the growth trend.

According to data from China Lighting Electrical Appliances Association, in 2021, the total export volume of the whole industry was 65.470 billion US dollars, with a year-on-year growth of 24.50%. Among them, the export volume of LED lighting products was 47.445 billion US dollars, with a year-on-year growth of 33.33%. After 2020, the export volume again refreshed the historical record of lighting industry export. The recovery of overseas markets, but also LED lighting industry related listed companies in 2021 performance red.   From last year's annual report, a total of 32 LED lighting companies to achieve revenue growth, accounting for 82 percent of the total.

In 2022, the domestic LED lighting export suffered a brief "stall" in the first quarter due to the repeated impact of the domestic epidemic on the production and material supply of enterprises. However, the LED lighting export industry has also gradually recovered from April. According to customs data, the national export of lamps, lighting devices and their parts in China reached 23.46 billion yuan in April, , a year-on-year increase of 7.81% compared with 21.76 billion yuan in April 2021.

Industry insiders told reporters that LED lighting products will use light-emitting chips and driver chips, these two types of chips began to fall this year, In addition, the shipping price that was high last year is also falling all the way., which for enterprises to achieve cost reduction and efficiency provide favorable conditions.