June Prices | Manufacturers' Profit Margins Are Compressed, And The Price Decline Of Led Packaging For Lighting Slows Down

Affected by the global economic downturn and the Sino-US trade conflict, the growth rate of the global LED lighting market has slowed down significantly, which in turn has affected the output value of LED packaging used in the lighting field. In 2018, the size of China's general lighting LED packaging market was US$5.2 billion, and the compound annual growth rate from 2018 to 2023 was only 3%, and the growth rate dropped significantly.

Because the price of LED chips of first-tier brands has fallen limited, and the profit margins of LED packaging manufacturers are already small, most packaging manufacturers are unwilling to continue to grab market share by bargaining competition and reduce the utilization rate at the same time. To reduce inventory pressure. Therefore, the overall package price changes in the Chinese market in June were relatively small, and the prices of some high-power and medium-power LED package products fell slightly. For the high-power part, the average price in June dropped by about 1%. In the mid-power segment, price changes were mainly seen in 5630 LEDs. Prices of 0.5W and 0.2W 5630 LED products fell by 0.5% and 2.4%, respectively.