Packaged LED Prices Still Stable In July
Prices of mainstream LED package products remained stable in the Chinese market for July 2018, says LEDinside, a division of TrendForce. “Demand in the lighting market remained sluggish in July, but price decline has not been observed yet", says LEDinside analyst Terri Wang.
The Trump administration unveiled plans to impose additional tariffs on $200 billion of Chinese goods on July 10th. The announced product list included more than ten categories of LED package and LED lighting products with high value.
The export value of the major lighting products in the listreached $5 billion in 2017. So far, the impacts of the US-China trade war on LED packaging manufacturers are not yet noticeable, but manufacturers with plants outside China may benefit in the long term since orders could be transferred there to avoid the tariffs, according to TrendForce.