Chinese LED light Russia exports increased by 571% in the first half

In the domestic LED market competition situation, overseas emerging markets are bringing greater opportunities for Chinese companies, including Russia's attitude to the dark horse jumped to the second largest export market of LED lighting products. And a year ago, its export market ranking in the top five. Reporters yesterday from the national semiconductor lighting engineering research and development and industry alliance was informed that the union is currently leading the preparation of LED export market report in Russia, is expected to be introduced in October.

According to the national semiconductor lighting engineering research and Industry Alliance Industry Research Institute (CSA Research) analysis report released yesterday, "China LED lighting products export quarter (2014Q2)" (hereinafter referred to as the "report"), the second quarter of 2014, the BRIC countries represented by Russia is becoming a new blue ocean in China LED lighting products export "".

Data show that in 2013 the annual export amount of China's LED lighting products for Russia was $227 million, an increase of 260%, while in the first half of 2014, exports amounted to about $327 million, an increase of up to 571%. In Russia, the speed of the rocket at one fell swoop in China's second largest export market in China, LED lighting products in the total amount of exports accounted for about 9%, while in the Chinese LED lighting products exports to BRIC countries, its market share was higher than is about 75%.

The report shows that in the past two years, China's LED lighting products export situation is rising, the BRIC countries to maintain rapid growth in exports. In 2013 the year of China's LED lighting products export value of about $5 billion 500 million, of which exports to BRIC countries was $390 million, and the first half of 2014 China's LED lighting products export value of about $4 billion 350 million, of which exports to BRIC countries, about $440 million, an increase of up to 350%.

Union official told reporters, with the implementation of Russia to encourage the application of LED lighting energy-saving products plan, the country has a great market space, Russia will become a "Chinese LED lighting export new blue ocean".

According to reports, the Union has launched relevant market research, is leading the preparation of LED export market report in Russia, is expected to be introduced in October. In addition, the 2014 Moscow International Exhibition - International Lighting and lighting technology exhibition will be held in Russia in November held in Moscow, will be held during the "2014 Russia International Semiconductor Lighting Forum" (SSLRUSSIA 2014), creating opportunities for enterprises to expand in emerging markets China LED.

With the accelerated pace of LED sea, China's domestic LED competitive environment is also increasing the urgent need to cultivate the national team LED. It is understood that the semiconductor lighting industry (LED) energy efficiency leader system will be officially launched, and is organizing enterprises to declare, to regulate the market efficiency from the angle of culture, with the international competitiveness of the industry leading LED. The future of the country when the relevant subsidy policy is also expected to give priority to benefit the company leader.

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