LED lamp "sea mouth" is beckoning: Russia will increase imports

Russia's business consulting website reported on June 16th that the Russian LED lamps and lanterns market survey, launched by the special express review company, has shown that the Russian LED lamps market has more than doubled in the past 3 years. The factor that drives the growth of the market is not only the increase in the import of LED lamps and lanterns, but also the growth of domestic output. According to the data of the Russian Federation National Bureau of statistics, the production of LED lamps and lanterns increased by nearly 1.5 times in 2012. According to the plan, the new LED lamps and lanterns will be built in the next few years. It is expected that the production of Russian LED lamps will continue to grow.

With regard to the import of LED lamps and lanterns, according to the conditions of Russia's accession to the WTO, the tariff of LED lamps will be reduced year by year, and will be zero tariff in 2015. This will not only reduce the average price of imported LED lamps and lanterns, but also lead to an increase in imports. However, according to analysts of the special express review company, however, the import dependence of the LED lamps market will be gradually reduced by the increase in Russian output.

The rapid review company's experts predict that in the next few years, with the increase in the popularity of LED lamps and lanterns, the market will continue to maintain a high growth rate in the form of physical form. On the contrary, the market average price will decline, which will lead to a lower market growth rate expressed in the form of value.

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