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How about the European LED lighting market?

                                           How about the European LED lighting market? 

    The European market has always been a major exporter of Chinese lighting companies. According to statistics, from 2011 to 2015, the European LED lighting market grew from about 2 billion US dollars to 10.24 billion US dollars, with an average annual growth rate of about 49% in  these 4 years. From 2012 to 2013, China's export growth rate to the EU rose from 30.52% to 138.14%. With the outbreak of the Greek debt crisis and the Brexit, the domestic export growth rate to the EU has shown a straight downward trend since the beginning of 2014. According to the latest investigation and research, in the first half of 2016, the export value of the top ten key areas of LED products in the country was 20.221 billion US dollars, a year-on-year decrease of 0.08%, and the growth rate decreased by 17.15% compared with the same period of last year.

    However, from the growth point of view, not all products in the LED industry chain have been affected, such as LED other lights and lighting devices, LED color monitors (mainly LED display), LED related accessories materials, LEDs are always fixed the growth rate. Relevant companies have indicated that with the economic downturn in Europe, the North American market will be more concerned in the future. In addition, as the European market is worse this year than in previous years, the overall performance is weak, and the overall price is also affected by the exchange rate and other aspects. From the perspective of the entire production cycle, it is expected that the situation will improve in the middle of next year.

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