First, Overall Analysis
According to the "2016-2017 China LED Lighting Export Monthly Monitoring Report" published by GGII, in April 2017, China's exports of LED street lights reached $24.97 million, marking a 1% decline compared to the same period last year. The exported volume amounted to approximately 1.5 million units, which is a 5% decrease year-over-year.
Second, Export Destination Analysis
Based on the "2016-2017 China LED Lighting Export Monthly Monitoring Report" from GGII, the top ten destinations for China’s LED street lights in April 2017 accounted for 51% of the total exports. Notably, exports to the United States represented 17% of the total.
April 2017 - Top 10 Destinations for China's LED Street Light Exports (in thousands of USD)
Source: China Customs, High-tech Research Institute LED Research Institute (GGII)
Third, Analysis of Export Enterprises
According to the "2016-2017 China LED Lighting Export Monthly Monitoring Report" by GGII, the top ten companies in terms of LED street light export value in April 2017 accounted for 23% of the total market. Among these leading exporters, Liyang Optoelectronics led with exports totaling around $1.78 million, representing 7.11% of the total and showing a 34% increase from the previous year. Huizhou BYD Industrial Co., Ltd. followed closely with exports valued at $623,000, making up 2.50% of the total, marking a 91% growth. Inova’s optoelectronics also performed well, exporting $618,000 worth of products, accounting for 2.48% of the total, an increase of 26%.
April 2017 - Top 10 Companies in China's LED Street Light Exports (in thousands of USD)
Note: This ranking includes only direct-exporting production enterprises.
Source: China Customs, High-tech Research Institute LED Research Institute (GGII)
For further insights into the competitive landscape, market share trends, and investment opportunities within the LED street lighting export sector, please refer to the comprehensive report provided by Gaogong. Should you require additional details or have specific inquiries, feel free to contact Mr. Chen at 0755-26981898-717.
As we look ahead, it's clear that the global demand for energy-efficient lighting solutions remains strong. The integration of smart technologies and sustainable practices continues to drive innovation in this space. Companies like Liyang Optoelectronics and Huizhou BYD Industrial are setting benchmarks for others to follow, demonstrating the potential for growth through strategic partnerships and technological advancements. The U.S. market, in particular, presents significant opportunities for Chinese manufacturers looking to expand their footprint globally. With increasing emphasis on sustainability and efficiency, it is expected that LED street lighting will continue to play a crucial role in modern urban development projects worldwide.
Stay tuned for updates as we delve deeper into how these trends might shape future industry dynamics and what they mean for stakeholders across the supply chain.
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