Analysis on the competition situation of LED lighting market in USA (Part one)

Review: April 15th morning, China's core data released: GDP growth of 7%, a record low since the financial crisis. U.S. data has not been released, but there are indications that the situation does not seem optimistic. From the published retail sales growth data, only 0.9% growth in March, lower than the expected $1%, while in March the savings rate jumped to 5.8%, a record high since December 2012.

Investment institutions Barclays the U.S. GDP growth rate is expected to rise from 1% to 1.2%, but compared with the same period last year, the three quarter of last year and 2.4% of the year, there is a big difference. Although the United States a number of indicators in the first quarter is not ideal, and last year's data can not be compared, but if compared with the first quarter of last year, the situation can be accepted. The first quarter of 2014, due to bad weather, the United States GDP 2.9% of the alarming decline, the worst in the past 5 years. But in the two quarter, the U.S. economy grew by up to $4.6% in the three quarter, unexpectedly soared to $5% in the four quarter, but it was still up by more than a year. The first quarter of this year, the United States has experienced the same weather is very bad, so at this stage of growth is still expected investors bear within the scope of the subsequent development of major investment institutions in the U.S. economy is still relatively optimistic expectations.

2015 1-2 U.S. LED lighting products imports grew by 57.4%

If from the point of view of LED lighting products, the market can withstand such expectations, according to the analysis of GSC Research of the LED lighting market data, 2015 1-2 month (March data is still Statistics) the United States imported LED lighting products for $573 million, while in 2014 this figure was $364 million, an increase of 57.4%.

China is still the largest importer in the United States

From the full year, the United States in 2014 a total of $2 billion 930 million, while in 2013 the total U.S. imports of only $2 billion 250 million, an increase of 30.2%. From the specific importing countries, China is still the largest importer in the United States, accounting for 68.4%. Although compared with 2013, the China accounted for a slight decline, the share of growth in almost all from Mexico. The reasons for the decline of one hand because the United States advocate domestic production policy, and the government of the United States Chinese enterprises in some degree of discrimination, on the other hand is due to the political opinion also makes part of foreign investment and transfer production to Mexico (the United States, Canada, Mexico has set the North American Free Trade Area), so the actual China the local share of exports has not decreased, and even there may be a growth trend. In addition, Canada and Taiwan are also more export economies, but only a small part of the whole.