The lowest growth rate in 5 years! January-February China's lighting products exports fell 22% year-on-year
The lowest growth rate in 5 years! January-February China's lighting products exports fell 22% year-on-year
According to customs data, January - February, China's lighting products exports totaled about 7.6 billion U.S. dollars, the lowest year-on-year growth rate in five years. Affected by the global economic situation, the first two months of China's lighting products exports fell 20% year-on-year, accounting for the proportion of electromechanical goods of about 2.3%, eight years for the first time below 3%. In the electromechanical key export products, the bottom of the export growth rate.
Lighting products as a whole exports fell year-on-year
In the first two months, the overall cumulative exports of lamps and lanterns products about 5.6 billion U.S. dollars, down 22% year-on-year, accounting for about 74% of the total exports of all lighting products, a decrease of 2 percentage points compared with last year. In addition to Christmas lights, the vast majority of lamps and lanterns export products exports have declined year-on-year, down between 7% -37%.
January - February, China's electric light source product exports 4.5 billion, up 6% year-on-year. Among them, the total export volume of electric light source for general lighting is about 3.2 billion, up 59% year-on-year.
LED electric light source products (LED bulbs, LED tubes, LED modules) export volume of about 3 billion, an increase of about 65% year-on-year, accounting for 93% of China's general lighting electric light source exports, up 4 percentage points compared with the same period last year. LED module products export volume of about 1.9 billion, an increase of about 164% year-on-year.
Although the first two months of electric light source products exports showed growth, but the export of the whole is still under pressure downward, the export value of about 900 million U.S. dollars, down about 20.4% year-on-year, accounting for about 11% of the total exports of all lighting products, compared with the 2024 decline of 1 percentage point.” Price for volume” exacerbated the externalization of the volume.
Tariff impact, Europe and the United States exports continued to decline
From a single export destination, January - February China's lighting products exports ranked the top ten markets are: the United States, Germany, Britain, Japan, Singapore, the Netherlands, Malaysia, Vietnam, Thailand and Saudi Arabia, exports of about 3.7 billion U.S. dollars, a year-on-year decline of 15%, accounting for about 49% of China's lighting exports. The export value of the top ten markets growth rate are in the downward range, down between 1% -32%.
Affected by the recent countries tariff policy continues to change, China's exports to Europe and the United States market lighting products exports of about 3.8 billion U.S. dollars, a year-on-year decline of 14%; accounting for about 49% of the total exports, compared with the same period in 2024 rose 3 percentage points.
Among them, exports to the United States amounted to about 1.7 billion U.S. dollars, down 16% year-on-year; exports to the European Union of about 1.45 billion U.S. dollars, down 11% year-on-year. In the first two months, China's lighting products to the “Belt and Road” countries along the export value of about 3.4 billion U.S. dollars, down 2% year-on-year, accounting for 45% of China's total exports of lighting products, compared with January-February 2024, a decline of 1 percentage point.
From a comprehensive point of view, by the global economic demand and geopolitical conflict and other factors, 2025 the first 2 months of China's lighting products exports affected by fluctuations, in order to strengthen the competitiveness of China's lighting enterprises, should put aside the “low-priced to grab a single” thinking, turn to “technology + brand + globalization “strategy, accelerate the development of” Belt and Road ”and other emerging market demand.
