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Prices of LED bulbs decline in Sept 2017

Prices of LED bulbs decline in Sept 2017

By BizLED Bureau

Oct 4, 2017: Prices of LED bulbs declined in September 2017, as compared to the prices in August, says LEDinside report. While the global average sales price (ASP) of 40-watt equivalent LED bulbs declined by 2.1% to US$6.3, the global price of 60-watt equivalent LED bulbs also dropped by 2.3% to US$7.5.

“Prices of LED light bulbs continued to fall in the U.S., the U.K. and Japan this September,” said LEDinside analyst Allen Yu. “Japan again saw a more significant decline. Meanwhile, prices were generally stable in China, Germany, South Korea and Taiwan.”

Also Read: US lawmakers are still fighting over enforcement of ban on incandescent light bulbs

Prices of LED packages in China are also likely to fall in the fourth quarter due to rising inventories. However, prices of LED packages in China remained stable in September 2017, although demand in the market has become weaker, with many LED chip suppliers increasing their manufacturing capacity.

Chip and package suppliers’ inventories were relatively low in China during the first half of 2017. The slowing of demand have resulted in building up of inventories, but package prices were not affected much. But if the demand cannot keep pace with the supply of chips and packages in the fourth quarter, then chip and package suppliers in China will have to lower their prices to control their inventory levels.

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