Chinese LED Is Illuminating Russia

Oversea emerging market is providing Chinese enterprises with greater opportunity when competition in domestic LED market is growing fast, among which, Russia has soared to the 2nd LED export market unexpectedly, however, one year ago, export of Russia was still out of top five.
Report reveals that 2013 LED export of Russia is $2270 million, up 260% year to year, furthermore, export of 1st half of 2014 is $3270 million with year to year growth of 571% accounting to 9% of total LED export amount and 75% of LED export to BRICS.
In the last two years, LED export has been spiraling constantly, export to BRICS continues to keep a rapid growth. In 2013, the total amount of LED export is $5.5 billion, in which $3900 million is to BRICS, while in the 1st half of 2014, the export amount is up to $4.35 billion, inside which, $4400 million is to BRICS, the year to year growth is 350%.
According to ‘Residential Lightening and Back-light Trend’ by LEDinside (subsidiary of market research institute TrendForce), product value of 2013 packaging market is 13 billion, of which 20% is LED back-light for television.