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Prices of mainstream 3030 LED package products have declined significantly

According to the latest price report, in November 2018, the price of 3030 LED package products in Chinese market declined significantly.

As manufacturers began to clean up inventories in the fourth quarter, prices of high-power and medium-power 3030 products fell 3.4% and 2.9%, respectively. The prices of other medium-power products and high-power ceramic substrates remained basically stable.

Because of the high technical threshold and gross profit rate in the automotive LED chip packaging market, the price of products has fallen much slower than that of lighting LED. Generally speaking, the price of automotive LED products supplied to joint-venture brand automobile factories decreases by about 1% - 2% each quarter. The price reduction rate of LED products supplied to China's independent brand automobile factories is faster, mainly depending on the demand situation of the factories.

Global lights prices continued to fall, with the most significant drop in holiday promotions in Europe and the United States.

In terms of bulbs, the average retail price of LED bulbs replacing 40W incandescent bulbs fell 0.6% to $6.2 in November, while the average retail price of LED bulbs replacing 60W incandescent bulbs fell 1.4% to $7.2.

From the regional point of view, at the end of the year in Europe and the United States, because of the demand of Christmas and New Year holidays, decorative LED lighting products, intelligent dimming Festival ambient lights, and intelligent lighting products with environmental dimming sensing function are popular with the public, and the market competition is particularly fierce.

Retail prices of LED bulbs, which replaced 40W and 60W incandescent in November, fell by 2.0% and 4.8% in the United States, 0.8% and 2.9% in the United Kingdom, and 0.4% and 2.0% in Germany, respectively.

As for Asia, in November, Japan was affected by the slowdown of its domestic economy. In order to stimulate end-user demand, the prices of bulbs were lowered one after another. The prices of LED bulbs replacing 40W and 60W incandescent lights fell by 1.2% and 0.4%, respectively.
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