First, the content overview
In August, China's LED lighting export prosperity index was 52.2, which was in the boom zone, down 0.4 points from the previous month. This indicates that the overall situation of China's LED lighting exports in August was good, but it was slightly weaker than last month. China's LED lighting export scale, exchange rate fluctuations, price trends of packaged devices, and the impact of multiple factors in 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 export scale index fell, and the overall growth of exports weakened. In August, the total export value of China's LED lighting was 1.952 billion US dollars, down 7% from the previous month; the export volume was 1.869 billion, up 30% from the previous month; the scale index was down 7 percentage points from the previous month.
The exchange rate index fluctuated and adversely affected exports. In August, the exchange rate of the US dollar against the RMB fell by 1.3% from the previous month, which had a negative impact 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. Since the end of August, the lighting market has entered the traditional off-season, and the demand for lighting LEDs has cooled down. The lighting package manufacturers' sales rate has declined, but it has not directly affected the terminal price of the products. The price of the entire LED packaged devices 5630 (25-35), 2835 (10-24), 3030 (100-120) remained relatively stable, with no significant changes compared to July.
The enterprise LED lighting export business revenue index fell, and the scale of export of mainstream enterprises decreased. In August, the enterprise LED lighting export business revenue index fell by 11 percentage points from the previous month, and the export volume of mainstream enterprises showed a different degree of decline from last month. Among them, Debon Lighting decreased by 1%, Rieter's letter decreased by 5%, sunshine lighting decreased by 4%, Topstar decreased by 2%, and Foshan Lighting decreased by 13%.
Remarks: The statistics only consider production companies that directly declare exports.
Source: Gaogong 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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