Similar to photovoltaic industry, China LED lighting industry has always been two out: core raw materials and technology from overseas, the market is concentrated in Europe and the United States, China LED lighting industry is mainly concentrated in the downstream of the package end. Statistics show that at present, 80% of domestic LED enterprises are export-oriented products.
Due to the economic downturn in Europe and the United States, LED lighting products in the overseas market has been declining. Reporters from a number of LED lighting companies learned that from the second half of last year, these enterprises overseas orders are declining, into this year, the trend of the decline in orders more obvious.
"This year the market situation in Europe and the United States is particularly grim, with orders reduced by 40%. "Shenzhen Bao Cheng Xin Photoelectric Technology Co., Ltd. Chairman Caiyahui to reporters. Another in Dongguan, LED lighting Enterprises in charge of the reporter also revealed that orders from Europe shrank by more than 50%.
The 111th session of Canton Fair, which ended soon, can also feel the grim export situation. "Orders were significantly reduced over the same period last year, with a general decline of more than 30% per cent and a low price." Some orders are not to be answered at all. "From Jiangmen (decoration effect map) of a LED enterprise exhibitors told Nanfang Daily reporter.