Not optimistic! Data analysis 2016 Hongkong LED lighting export situation

2015 Global trade environment bleak, LED lighting industry in the overall export situation is still good, but only to find out, LED lighting companies have said, where to go? Through the merger and acquisition in 2015, LED lighting industry in terms of what is worth looking forward to export?

In 2015 the export of lackluster performance

The global trade environment is bleak, Hongkong exports in early 2015, although the performance is better, but most of the year, but hobbled. Hongkong's total exports rose by 3.2% in 2014, the first 10 months of 2015, but the annual decrease of 1.7%, of which the total export volume since July began to shrink. Hongkong's poor export performance, in addition to overseas demand is not good, but also with the lower export price of Hongkong related. In the first three quarters of 2015, the unit price of exports increased by an average of $0.9% over the same period last year, while last year it increased by an annual rate of $2%.

Traditional market, from January 2015 to October, Hongkong's exports to the European Union and Japan fell, while exports to the United States because of the country's basic factors and steady rise. Emerging markets, while exports to some regions have recorded growth, but overall Hongkong's export performance is still weak, especially for developing countries in Asia exports.

2016 outlook bleak

Although the wind blows, but the global economy is expected to improve slightly in 2016, but even if the growth is expected to remain moderate and uneven. The IMF said global economic growth is expected to slow from 3.4% in 2014 to about $3.1% in 2015, and the forecast could be accelerated to as much as $3.6% in 2016. The advanced economies, led by the United States, are likely to maintain a modest recovery in oil and commodity prices. As for emerging economies, growth slowed further in 2015, but by 2016, even if the Chinese economy is still only modest expansion, but overall growth is expected to be slightly faster. Even so, the external environment remains challenging. Although the material consumption in overseas markets will gradually stabilize, but consumers are still cautious. Therefore, retailers and importers are still cautious about order quantity, delivery date and pricing. Hongkong export index in the fourth quarter of 2015 showed that the overall confidence of Hongkong's exporters to the recent performance of the weaker further, reflecting the difficulties still difficult to deal with overseas buyers.

Overall, 2016 should not be too difficult for exporters in Hongkong. On the contrary, even if next year the foreign trade environment remains weak, but the material will be more stable, can continue to advance in the wind. Although the United States has a better future, it is expected that the overall growth of the developed economies will only slow growth, while the recovery of emerging economies is bumpy road, especially in the transition process will slow growth in china. The world economy is expected to slow growth, and the pace of different regions, so the next year, Hongkong's export performance may remain flat, the total exports should be flat with 2015. The rising risk of deflation in the world, the volatility of global financial markets, the increase in the number of regional trade agreements, as well as the continuing geopolitical crisis and terrorist activities are the main risks and challenges for Hongkong exporters.

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