Data Analysis of China's Exported Russian LED Lighting Market

In the face of the new international economic situation, the Chinese government has proposed a great concept of the Belt and Road. Under the Belt and Road Initiative strategy, domestic LED companies are welcoming new market opportunities, in order to give full play to the technology and capacity advantages of China's semiconductor lighting industry characterized by green and low-carbon wisdom, through scientific and technological cooperation and capacity cooperation with countries along the Belt and Road. Implement the Huimin project to create a green and low-carbon path. Under the guidance of the National Leading Group Office of the Belt and Road Construction, the National Development and Reform Commission and the Ministry of Science and Technology, the National Semiconductor Lighting Engineering R&D and Industry Alliance and the International Semiconductor Lighting Alliance (ISA) jointly launched the Action Plan for the Belt and Road Initiative 2015. The Belt and Road Initiative covers dozens of countries, with billions of people, and most of the countries are energy importing countries. The demand for energy conservation and emission reduction is urgent. The countries along the Belt and Road are becoming the new blue ocean for the export of domestic LED enterprises. In order to better help domestic enterprises understand and promote the application of LED in the Belt and Road countries, CSA Research recently launched a series of reports on China's LED export belts and related countries, sharing authoritative data to help domestic LED companies accelerate their out. The previous issues of this series introduced the export markets of India, Malaysia, Thailand, etc. In this issue, we will share the general situation of China's export of LED lighting market in Russia. As a trading hub of the CIS countries, Russia has a large radiation effect and is an important gateway for Chinese LED companies to enter the CIS and Eastern European markets. At the same time, Russia is also China's main destination for exports to the BRICS countries. It is understood that Russian lighting products are mainly relying on imports. In recent years, the Russian lighting market has risen rapidly. The requirements for energy saving and emission reduction and the speeding up of infrastructure construction driven by rapid urbanization have made LED lighting maintain attractive development potential. According to CSA Research, Russia is China's second largest export market in 2014, with an export value of about 850 million US dollars, an increase of 274%. It accounts for 11% of the total export value of LED lighting products in China, accounting for 5% of 2013. Increased by 6 percentage points. Affected by political and economic factors, Russia’s exports in each quarter in 2015 have declined to varying degrees, ranging from 70% to 80%. Exports in 2015 were US$210 million, a 76% decrease from 2014. The market share dropped from the 2nd place to the 14th place. Figure 1 China's export value of Russian LED lighting products

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