Lighting Export Growth and Export Markets Shrink Paradox – Lamps, Export – Lighting Industry
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Lighting Export Growth and Export Markets Shrink Paradox – Lamps, Export – Lighting Industry – News – Business News
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China from January to July Lighting Lighting fixtures and parts total exports amounting to 457,318.4 million, compared with January-July 2007 to 403,356.1 million U.S. dollars increased 13.4%. Which, in July 2008 with exports amounting to 88,330.5 million. Customs statistics released earlier, in June 2008, the Chinese lighting fixtures and parts exports amounted to 70,730.5 million. Total exports of the former in June amounted to 368,965.1 million U.S. dollars, up 13.9%.
Clear from the comparison of these data look into, since 2008, during the first 7 months China’s lighting equipment, parts and components exports has been in a high growth state. Export growth means that the expansion of overseas market demand lamps (at least shows that overseas demand for Chinese lamps increases), rather than falling. This lighting industry with China’s current export markets shrinking argument created a paradox. Lamps exports in the export market growth is declining, which is obviously different from the actual situation some.
Although the General Administration of Customs released the data reflect only the lighting industry, lighting the overall exports, but the data also indirectly indicate the lighting industry in China’s space in the expansion of export markets rather than narrow. So why then would export market is declining this point? We may be able to analyze the following aspects.
First, appreciation of RMB and the export tax rebate policy and other factors make the profit margins of export-oriented enterprises in the fall. As we all know, faster appreciation of the RMB in the first half of this year, a period of time has been a breakthrough 6.7 yuan mark; to July 29, the central parity of RMB against the U.S. dollar is still up 6.8205:1 high. The first 7 months of this year, faster yuan appreciation, making part of the export-oriented small and medium enterprises face great difficulties, and even a loss in declining profitability. Although the pace of renminbi appreciation this year will slow, but volatility will increase, so the profitability of export-oriented enterprises are still not very clear. From this perspective, the lighting industry, shrinking export market in this statement that is not the specific market demand is declining, but the profit margins of export business is shrinking. For saying the words a little more popular, is to do for export is not as profits.
Second, some overseas market downturn. In the economic field, in 2008 the world’s most influential event than the U.S. subprime crisis broke out. U.S. subprime mortgage crisis began in the spring of 2006 to gradually appear, until August 2007 had swept the U.S., EU and Japan, the world’s major financial markets. By 2008, the U.S. subprime mortgage crisis in the global impact has been further enlarged, and all walks of life resulted in varying degrees. j financial industry is the cornerstone of all walks of life, the industry sneezes, other industries will be cold. It affected all sectors, can be said that indeed affect the whole body. Lighting industry, real estate and building materials industry in the downstream, it is inevitable to be affected. Particularly in North America, the birthplace of the crisis lighting business and the market, its impact is even greater, so it is in terms of profit or market demand, the lighting industry shrinking North American market there is a big possibility in theory, of course, does not rule out some domestic enterprises in the market for more profits.
Furthermore, the region in the world, there are other factors leading to the lighting industry, market, export-oriented enterprises in the “shrinking” or hindered development. For example, the economic crisis broke out in Vietnam this year, they make a lot of lighting companies in China plan to move more than stranding is aborted, which Vietnamese who have moved to plan the lighting company, its development will undoubtedly be subject to different impact.
Third, some companies overseas market is declining, and most businesses were still growing export market status. Customs statistics released show that the lighting fixtures and components exports in sustained high growth, rather than zero growth or negative growth. Although the export growth and profitability can not be simply equated between, but the relations between the two there is some inevitability, while at least shows the overseas market demand for China’s lighting should be increased rather than reduced. This indicates that the lighting industry in the shrinking export market should only be said to be part of the lighting business in the shrinking export market, most of the lighting business of the market even without the expansion should maintain the status quo, or can not be this year’s 1-7 lighting devices and part-year growth rate of total exports, has pulled in 13.4%.
Course, we also understand the impact of macroeconomic regulation and control by the state, the real estate and building materials industry in the first half of this year are subject to certain restrictions. The so-called “gate of fire, adverse impacts” downstream in the lighting industry, these industries will naturally affected to some extent. In addition, raw material prices, labor costs and other factors to increase the development of enterprises of lighting caused some difficulties. However, all these “adverse” factors in all sectors had to face not just limited to the lighting industry this industry; although this period, some small businesses will inevitably fall into the dilemma of a shortage of funds even broken, but these Xiaoxing enterprises in the industrial chain in the absence not enough to threaten the entire lighting industry. From the “survival of the fittest” in terms of market rules, to a certain extent, but is conducive to upgrading the entire industry.
In addition, the industry is also popular with a “winter” theory, and even some experts are advocating that their argument with the actual situation of course, have some relevance. In the current economic environment, some small and medium enterprises stop production out of business is inevitable. But with the economic situation improves, some at this stage, “died down”, the company does not rule out the possibility of “settle down” possible; of course, during this time, “dormant” go on the part of the enterprise, it could also be permanently disappeared, but This is a transition phase during the upgrade all industries must pay the price. This is inevitable, it is like labor pains before, we must have a correct understanding of this and taken seriously.
In the same market environment, some companies life’s more moist, and some companies are struggling in a market economy, this phenomenon is common. So the lighting industry shrinking export markets can only be partial, not comprehensive.
There is the so-called rational, active in the market over the business, are all found to survive their own reasons, they have a foothold in the market that they are living their soil. Look for any business
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I am an expert from Yikangltd.com, while we provides the quality product, such as Medical Bandage, Quality Medical Supplies, ,and more.
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hi joiney
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I am an expert from Yikangltd.com, while we provides the quality product, such as Medical Bandage, Quality Medical Supplies, ,and more.
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
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