LED capacity expansion accelerated, and prices of related products fell significantly

Domestic LED production capacity is expanding rapidly, and the industry is generally large but not strong. The price of LED-related products continues to fall, which intensifies the competitive pressure in the industry, but is conducive to promoting industry integration and the popularization of LED products. 2012 of China LED industry still keep rapid development of momentum year industry total output value reached 205. 9 billion yuan is the same period last year growth 34 among them, the output value of LED upstream epitaxial wafer, Midstream package and downstream application were 7. 2 billion yuan, 39. 7 billion yuan and 159 billion yuan respectively, up, and respectively over the same period last year. From the upstream perspective, the number of domestic MOCVD units at the end of 2012 was 917, with the total production capacity exceeding 10 times that of 2010. While the extensive production capacity has increased significantly, the capacity utilization rate of domestic MOCVD is only about 30, and the startup rate is only about half. Judging from the middle package, the number of domestic enterprises involved in LED package reached 1,750 in 2012, an increase of about 50 over the previous year. At present, the main products of indoor lighting ( Such as: LED fluorescent tube, LED Downlight, LED panel light) More than 30 medium-power products such as 2835, 5630 and 3030 have been selected as light sources. From the perspective of downstream applications, China has become the main production base of LED application products, and more than 65 LED application products are produced in China; The number of domestic LED application enterprises exceeds 10 thousand, of which more than 75 traditional lighting enterprises have begun to involve LED production, and the proportion is expected to increase rapidly. China's LED chip products are still mainly used in the low-end market such as display screens and light belts. Although the demand in the low-end market is strong, the growth of demand is far lower than the growth of production capacity. Oversupply leads to the rapid decline of LED chips. In 2012, the average price of domestic LED chips dropped by 32 compared with the previous year. Affected by the continuous decline in prices, the net interest rate of LED chip industry showed a balance of profit and loss or even loss. The upstream industry entered the survival of the fittest period ahead of schedule. At present, Midstream packaging still maintains normal gross profit rate. In 2012, the average price of domestic white light packaging devices dropped by more than 30, but 2835 medium power products still have a higher gross profit rate of about 30. become the main profit growth point of packaging enterprises. According to statistics, in 2012, the overall luminous efficiency of domestic downstream LED indoor lighting products increased by 18. 7, but the average price has dropped by 23; At the same time, the price of lamps and lanterns continued to fall, further narrowing the price gap between LED lighting products and traditional lighting products. On the one hand, the continuous decline in LED prices has promoted the popularization of LED lighting; on the other hand, it has intensified the white-hot degree of competition in the industry and accelerated the adjustment of the industry.