One Belt and One Road into China's LED products for export to the new blue sea

On the 6th, the launching ceremony of the 2016 Guangdong LED Industry International Cooperation Key Work was held in Foshan. It is understood that in 2015, the export of Guangdong LED key areas was about 125 billion yuan, a year-on-year increase of about 33%, accounting for 42% of the total export value of LED products in the national key areas.

According to the report “China's LED Industry Internationalization Road” published by Yan Shirong, director of the Joint Innovation Center of the Semiconductor Lighting Industry of Guangdong Province, the global LED lighting market in 2015 was 55.7 billion US dollars. It is estimated that by 2020, the global LED lighting market will grow at an average annual rate of 20.36%. Last year, China's LED lighting products exports were about 25.5 billion US dollars, an increase of 45%. Most of the “Belt and Road” routes are emerging economies and developing countries. They are the new blue ocean for China's LED products exports. Last year, the export “One Belt, One Road” market reached US$10 billion, a year-on-year increase of 43%.

According to preliminary estimates, the output value of LED industry chain in Guangdong Province in 2015 was about 415 billion yuan, a year-on-year growth rate of about 20%. Since the fourth quarter of 2015, the industry growth momentum has been relatively slow, and the industry boom has declined. The output value growth rate is about 16%. In 2015, the export of Guangdong LED key areas was about 125 billion yuan, a year-on-year increase of about 33%, accounting for 42% of the total export value of LED products in the national key areas.

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