LED bulbs are an important part of LED lighting products. In 2021, China exported 6.896 billion LED bulbs, down 6.33% year-on-year, with an export value of US$6.003 billion, up 3.33% year-on-year. From January to October 2022, China exported 4.745 billion LED bulbs, down 14.44% year-on-year, with an export value of US$4.824 billion, down 0.57% year-on-year.
The publisher's analysis, in 2018-2022, the average price of China's LED bulb exports generally showed a change in fluctuations in the growth trend. Except for 2020, when the average price of China's LED bulb exports declined, the average price of China's LED bulb exports increased in the rest of the years. From January to October 2022, the average price of China's LED bulb exports was US$1.02 per bulb, up 16.21% year-on-year.
In 2021, China's LED light bulbs exported to more than two hundred countries and regions around the world. The publisher's analysis, by export volume, the United States, Vietnam, the Russian Federation, Brazil, Poland, France, Indonesia, Mexico, Cambodia and the United Kingdom are the main export destinations of China's LED light bulbs. Among them, the United States is China's largest LED bulb exports. In 2021, China exported 1.248 billion LED bulbs to the United States, accounting for 18.09% of total LED bulb exports that year, with an export value of US$1.711 billion, accounting for 28.50% of the total export value.
China is the world's largest producer and exporter of LED lighting products. As global LED lighting penetration increases further, The publisher expects China's LED bulb exports to maintain growth from 2023-2032.
Topics covered:
- China's LED Bulb Export Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on China's LED Bulb Export?
- Which Companies are the Major Players in China's LED Bulb Export Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in China's LED Bulb Export
- What are the Key Drivers, Challenges, and Opportunities for China's LED Bulb Export during 2023-2032?
- What is the Expected Revenue of China's LED Bulb Export during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in China's LED Bulb Export Market?
- Which Segment of China's LED Bulb Export is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing China's LED Bulb Export?
Table of Contents
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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