Since November 2016, LED light bulb vendors have lowered prices of their products for regional markets including Japan, Europe and the U.S. as part of their year-end promotions. The downtrend in prices became more noticeable at the end of the year. “Compared with the prior month, global average sales price (ASP) of 40-watt equivalent LED light bulb fell 3% to US$8.7 in December,” said Allen Yu, analyst for LEDinside, a division of TrendForce. “The global ASP of 60-watt equivalent LED light bulbs also saw a monthly decline of 2.4%, arriving around US$12.”
China’s package market saw price hikes due to rising material costs in upstream of supply chain
In China’s LED package market, prices of 0.2-watt 2835 LEDs increased by 2.4% on average in December last year compared with November due to the tightening of supply for standard packages. Those suppliers that raised prices on standard packages include well-known Chinese brands such as Honglitronic and MTC. On the other hand, prices of mid- and high-power packages did not rise in December, and 0.5-watt LEDs of 2835 and 5630 types saw relatively stable price trends. Prices of 1-watt 3030 LEDs actually fell by 1.6% on average from November.