Industry News

Exports of China's lighting industry in the first half of the year: In the first half of 2024, the foreign trade of China's lighting industry maintained a stable recovery trend. According to customs data, the total export volume of China's lighting products in the first six months was about 27.5 billion US dollars, an increase of 2.2% year-on-year, accounting for about 3% of the export volume of electromechanical products. This data shows that the export scale of China's lighting products remains at a historical high, the export structure continues to optimize, and emerging markets are further expanded. In particular, the export volume of LED electric light source products has hit a record high, showing China's global competitiveness in this field. Driven by the construction of smart cities, smart lighting systems have been valued for their energy-saving, emission-reduction and green environmental protection characteristics. These systems play an important role in urban road lighting and other aspects, reflecting the technological innovation and market application expansion of the lighting industry. The domestic LED lighting market demand is weak and has declined. This is mainly due to the transfer of many orders after a large number of factories went to Vietnam to build factories, as well as a series of problems such as how to operate and manage the run-in.

This information reflects the overall development of China's lighting factories and lighting industry in 2024, showing that the industry's steady growth and internationalization trend cannot be underestimated.