The Import and Export Status of China's Low-Voltage Electrical appliance industry in 2020
According to the analysis of the import and export status of China's low-voltage electrical appliance industry in 2020, the intelligent transformation and development of equipment is very important
1、 Downstream demand distribution of low voltage electrical appliance industry
The scale growth of low-voltage electrical appliance industry is highly correlated with the growth of power consumption and real estate investment. Low voltage electrical appliances are widely used downstream, including power system, real estate, manufacturing, new energy, communication and other fields according to the proportion of downstream demand. Among them, the field of power system accounts for the highest proportion, accounting for 40%, and the construction (including real estate) accounts for 28%,.
Source: public data sorting
2、 Analysis on the current market situation of China's low voltage electrical appliance industry
Since the second quarter of 2020, the growth rate of power consumption has accelerated the repair. According to the current situation of resumption of work and production in various industries in China, combined with the demand for repair driven by old and new infrastructure, the growth rate of power consumption has become positive throughout the year. The low-voltage electrical appliance industry with strong correlation with power consumption performance has maintained a certain growth throughout the year, 5g, data center Smart transportation and large-scale projects have further boosted the demand for low-voltage electrical appliances in corresponding fields, directly benefiting the domestic medium and high-end market demand. In 2020, the power consumption of the whole society will be 751.1 billion kwh, a year-on-year increase of 3.1%.
Source: National Bureau of statistics, Huajing Industrial Research Institute
Over the past decade, China's import and export trade of low-voltage electrical products has been relatively stable. According to statistics, in 2020, the export reached the highest value of US $17.38 billion in recent ten years, the import amount was US $14.95 billion, and the trade surplus was US $2.43 billion. With the continuous improvement of the technical level and product quality of China's low-voltage electrical appliance enterprises, the proportion of general trade continues to increase, and the trade surplus trend continues to expand.
Source: China Customs, Huajing Industry Research Institute
From the perspective of classified products, connectors, fuses and optical fibers, optical fiber bundles or connectors for optical cables have become the fastest-growing export low-voltage products. Compared with circuit protection, which has increased rapidly in the past, it shows that China's low-voltage electrical appliances pay more attention to product competitiveness and continuously improve the core competitiveness of products.
In 2020, Connectors (voltage ≤ 36V) are still the main export products of low-voltage electrical appliances in China, with an export volume of US $5.1 billion, a year-on-year increase of 6.8%; other connectors with 36V < voltage ≤ 1000V export US $1.01 billion, a year-on-year increase of 18.2%; fuse export US $280 million, a year-on-year increase of 18.8%; connectors for optical fiber export US $460 million, a year-on-year increase of 19.7%; automatic circuit breakers (line V ≤ 1000V) export was USD 950 million, up 10.1% year-on-year.
Source: China Customs, Huaon Industry Research Institute
In 2020, the main importers of low-voltage electrical appliances in China are Japan, Germany, South Korea and the United States, accounting for more than 100% of the total import of low-voltage electrical appliances in China
45%。 Among them, the import from Japan was US $3.76 billion, a year-on-year increase of 1.3%; Imports from Germany amounted to US $1.3 billion, a year-on-year increase of 13.6%; Imports from South Korea amounted to US $1.12 billion, a year-on-year decrease of 2.9%; Imports from the United States amounted to US $590 million, a year-on-year decrease of 4.4%.
Source: China Customs, Huajing Industry Research Institute
In 2020, Hong Kong, the United States, Vietnam, Japan and Germany were the top five export destinations of China's low-voltage electrical appliances, accounting for 53.4% of China's total exports of low-voltage electrical appliances. Among them, the export to the United States was US $2.41 billion, a year-on-year increase of 6.3%; Exports to Vietnam reached US $1.31 billion, up 56.4% year-on-year, and has been the third largest export market of low-voltage electrical appliances in China since January 2020;
Source: China Customs, Huaon Industry Research Institute
Related report: Research Report on development monitoring and investment strategic planning of China's low voltage electrical appliance industry from 2021 to 2026 issued by China Economic Research Institute
3、 Analysis on competition pattern of low voltage electrical appliance industry
China's low-voltage electrical appliance industry has experienced about 60 years of development. The overall category has exceeded 1000 series, and the number of production enterprises has reached about 2000, of which foreign-funded enterprises account for about 10% and domestic enterprises account for about 90%. It is mainly concentrated in coastal provinces and cities such as Guangdong, Zhejiang and Shanghai, of which Chint's market share accounts for 14% and Nader's market share accounts for 3%.
Market share of low voltage electrical appliance enterprises in China in 2020 (unit:%)