Operating Conditions The First Half Of Lighting Industry Analysis
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At present, electrical lighting manufacturing industry is facing increased costs, RMB appreciation, export tax rebates and other unfavorable factors, business environment change. But generally speaking, due to benefit from the country’s energy policy, the first half of 2008, the industry is still full of orders, product development focused on positive energy efficient direction.
First half of 2008, China’s Lighting Industry scale enterprises in total industrial output value of 52.104 billion yuan, up 24.23 percent; main business income of 49.297 billion yuan, up 28.28%.
Exports as the leading energy-saving products
1 June 2008, China lighting electric industry’s total exports reached 4.256 billion U.S. dollars, up 26.92%, accounting for 4.09% of exports of light industrial products. Among them, the electric light source products exported 1.218 billion U.S. dollars, accounting for lighting electrical products 28.62% of total exports, up 33.15 percent.
From the product point of view, the main exports to energy-saving products. This is mainly because some EU countries that would phase out the old incandescent bulbs, plans to phase in energy-saving light bulbs by 2015 alternative energy-intensive incandescent bulbs. Rapid growth in exports are energy-efficient lighting product. Metal halide lamps up 60%; fluorescent and discharge lamps up 42.2%; electronic rectifier up 34.32 percent.
In recent years the EU has implemented RoHS, WEEE, EuP and other instructions, the formation of barriers on the export business. More and more Chinese enterprises to do anything positive from the initial response, active prevention, to mature in actual combat. For example, LED semiconductor lighting industry in the national R & D and industry alliance, under the lead of a sudden the United States “337 investigation” to respond quickly and greatly reduce the enterprises in the export of the risks.
Import growth over export growth
Import growth over export growth is another feature of the industry. 1 June 2008, China’s imports of electrical products lighting although only 792 million U.S. dollars, but the growth of 49.17 percent over the same period last year, far more than the increase in exports. Among them, the electric light source products imported 670 million U.S. dollars, accounting for lighting electrical products 84.60 percent of total imports, up by 52.56%. Higher import growth of products are: cumulative increase of 122.06% of electronic rectifiers, electronic lighting parts are up 66.98 percent, fluorescent and discharge lamps are up 63.68 percent.
Multiple factors have led to pressure
Although our overall business is good lighting electrical industry, but some companies still face great difficulties. Raw material prices, labor costs, real estate, building materials downstream industries were affected by the macro-control, leading to further deterioration of operating environment. Enterprises have expanded production capacity, order full, but it does not explain the future of business without risk.
High energy consumption of incandescent lamps, HID lamps the overall decline in exports, which is undoubtedly the national legislation with European and other products out of incandescent light is directly related to high energy consumption. Although the product output is growing, but the amount of corporate profits has been decreasing. By the appreciation of Renminbi, the U.S. subprime mortgage crisis and other factors, foreign Lighting severe market decline, a large number of products sold domestically, the future will be even more intense market competition.
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