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China's export of LED products to the United States increased
The United States is the most important export market for LED lighting products in China. Since the export value of LED lighting products exported to the United States in 2013 ranked first, the US market continued to grow at a high level, with a large total volume, rapid growth rate and abundant product demand. . Export value ranked first In the first quarter of 2015, China's exports of LED lighting products to the United States continued its ultra-high-speed growth, with a total of 390 million US dollars, a year-on-year increase of 57%, accounting for 21% of China's total exports, compared with the first in 2014. The quarter increased by 5 percentage points year-on-year. According to the US Energy Independence and Security Act, the 2014 ban has been implemented for a period of time, and the US domestic economy has gradually recovered in 2014. In addition to the demand for Christmas stocking and decoration in the second half of the year, the third and fourth quarters are traditional exports. In the peak season, these are the driving factors for China's LED lighting products to continue to grow. Figure 1 China's quarterly export value of LED lighting products in the United States Source: China Customs, CSA Research, the price increase, China's LED lighting products exports to the United States, the rapid growth of the United States is mainly driven by the number, mainly reflected in the price increase. From 2012 to the first half of 2013, the number of China's exports to the United States has maintained a growth rate of around 200%, and the price of the same period has dropped by about 10%. And in the third quarter of 2013, the trend began to change, from the price increase to the volume and price, but the volume growth rate began to drop to around 100% from around 200%, and the price rebounded to 2014. The price level in December has rebounded to around $6 per unit in mid-2013. In the first quarter of 2015, the price level plummeted, and by March 2015, the price level was around $4.55. The year-on-year growth rate was -22.3%. Figure 2 China's export prices of LED lighting products in the United States Source: China Customs, CSA Research Figure 3 China's exports of LED lighting products to the United States Source: China Customs, CSA Research