Export Data of Plant Grow Lights in The First Three Quarters of 2021

In the first three quarters of 2021, China’s total exports of lighting products totaled US$47 billion, a year-on-year increase of 32.7%, an increase of 40.2% over the same period in 2019, and a two-year average growth rate of 11.9%. Among them, the export value of LED lighting products was 33.8 billion U.S. dollars, a year-on-year increase of 36.0%, an increase of 44.5% over the same period in 2019, and a two-year average growth rate of 13.1%. Among them, the high growth of various lighting products is the main driving force.

Among them, the HTS code is 9405.40.90, and the content is described as the sub-item of “unlisted electric lamps and lighting devices”. It is the item with the highest export value in China’s lighting industry. Its export value in 2019, 2020 and the first three quarters of 2021 were US$14.7 billion, US$17.3 billion and US$16.2 billion, accounting for 31.4%, 32.9% and 34.4% of the total exports respectively, which played a decisive role in boosting the export of the entire lighting industry.

The export of plant grow lights or horticulture lights is mainly classified into HS code 9405.40.90, and a small part is classified into HS code 9405.10.00.

In 2020, especially since the second half of the year, the growth of plant grow lights has been driven by multiple factors such as the legalization of cannabis in North America, the shortage of food and medicines and the increase in home isolation caused by the global epidemic, and the export has increased significantly year-on-year.

In the first half of 2021, exports continued the trend of high growth, driving the export of plant grow lights to 360 million US dollars in the first three quarters. However, it is worth noting that after entering the second half of the year, due to factors such as declining logistics efficiency and weakening of terminal demand, the strong momentum of plant growth lights has slowed down.