China's LED Lamp Exports Fall by 15%, Dropping to $4.9 Billion in 2024
China LED Lamp Exports
In 2024, overseas shipments of LED lamps increased by 3.8% to 6.3B units, rising for the second consecutive year after two years of decline. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 330% against the previous year. Over the period under review, the exports attained the maximum at 7.4B units in 2020; however, from 2021 to 2024, the exports failed to regain momentum.
In value terms, LED lamp exports reduced rapidly to $4B (IndexBox estimates) in 2024. Over the period under review, exports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 7.6%. Over the period under review, the exports reached the maximum at $5.9B in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of LED Lamp in China (million USD) | ||||||
|---|---|---|---|---|---|---|---|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 1,523 | 1,770 | 1,521 | 1,687 | 1,638 | 1,516 | 1,219 |
| Japan | 189 | 236 | 229 | 226 | 234 | 258 | 218 |
| Brazil | 271 | 199 | 207 | 179 | 189 | 174 | 180 |
| France | 201 | 207 | 220 | 174 | 196 | 146 | 168 |
| Poland | 182 | 181 | 192 | 163 | 204 | 142 | 160 |
| Mexico | 75.6 | 112 | 119 | 131 | 180 | 182 | 150 |
| Thailand | 64.5 | 78.1 | 79.9 | 95.0 | 124 | 170 | 149 |
| Russia | 161 | 192 | 193 | 164 | 197 | 138 | 136 |
| Germany | 154 | 171 | 146 | 169 | 165 | 152 | 126 |
| Others | 2,457 | 2,531 | 2,496 | 2,822 | 2,806 | 2,831 | 2,347 |
| Total | 5,277 | 5,677 | 5,403 | 5,810 | 5,932 | 5,710 | 4,853 |
Exports by Country
The United States (1.1B units) was the main destination for LED lamp exports from China, with a 19% share of total exports. Moreover, LED lamp exports to the United States exceeded the volume sent to the second major destination, Brazil (452M units), twofold. The third position in this ranking was held by Russia (377M units), with a 6.3% share.
From 2017 to 2023, the average annual growth rate of volume to the United States totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+5.6% per year) and Russia (+2.3% per year).
In value terms, the United States ($1.2B) remains the key foreign market for LED lamps exports from China, comprising 25% of total exports. The second position in the ranking was taken by Japan ($218M), with a 4.5% share of total exports. It was followed by Brazil, with a 3.7% share.
From 2017 to 2023, the average annual rate of growth in terms of value to the United States amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.5% per year) and Brazil (-6.6% per year).
Export Prices by Country
In 2024, the led lamp price stood at $805 per thousand units in 2023 (FOB, China), dropping by -19.4% against the previous year. In general, the export price continues to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2022 an increase of 15% against the previous year. The export price peaked at $3.3 per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1.1 per unit), while the average price for exports to Vietnam ($258 per thousand units) was amongst the lowest.
From 2017 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
