GGII: In October, the LED lighting export prosperity index weakened, and the export of more than 3,000 companies declined negatively!

First, the content overview

In October, China's LED lighting export prosperity index was 51.3, which was in the boom zone, down 1.2 points from the previous month. This indicates that the overall situation of China's LED lighting exports in October has weakened compared with last month, which is mainly due to the scale of China's LED lighting exports. , 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 October, the total export value of China's LED lighting was 1.379 billion US dollars, down 29% from the previous month; the export volume was about 1 billion, down 32% from the previous month; the scale index was down 14 percentage points from the previous month.

The exchange rate index fluctuated and had a positive impact on exports. In October, the exchange rate of the US dollar against the RMB increased by 0.9% from the previous month, which had a positive 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. In terms of LED packaging, prices continued to stabilize in October. Compared with the previous August and September, the LED industry's business climate has rebounded in October. Although the inventory of LED chip manufacturers has improved, it is still within the normal range, and the price of chips continues to maintain stability, resulting in relatively stable LED package prices. 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 September.

The enterprise LED lighting export business revenue index fell, and the scale of export of mainstream enterprises decreased. In October, the enterprise LED lighting export business revenue index fell by 7 percentage points from the previous month, of which 33 out of the top 50 enterprises in the total export volume showed different degrees of decline from last month.

List of declines in China's LED lighting mainstream enterprises in October 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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