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'Green' products driving growth in China's lighting and electrical industry: China Sourcing Report

Posted on: Sunday, 3 May 2009, 23:30 CDT

HONG KONG, May 4 /PRNewswire-Asia-FirstCall/ -- Despite the financial crisis, demand for 'green' products continues to spur growth in China's lighting and electrical export industry. This is according to Global Sources' (Nasdaq: GSOL) ( http://www.globalsources.com ) China Sourcing Report: Lighting & Electrical ( http://www.ChinaSourcingReports.com/lightingelectrical ).

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

"Thanks to legislation favoring renewable energy and power-saving devices, China suppliers have been bucking the export downturn," said Report Publisher, Spenser Au.

"Based on China customs statistics, revenues between July and November 2008 rose 34 percent year-on-year. This was around the same time China started to feel the impact of the economic slowdown.

"Going forward, China suppliers remain optimistic, with the majority expecting sales growth of more than 10 percent."

Among surveyed China suppliers of lighting and electrical products: -- 46 percent expect sales to increase by more than 20 percent; -- 38 percent project sales growth of 10 to 20 percent; -- 8 percent expect sales to increase by less than 10 percent; and -- 8 percent project flat or lower sales. Due to lower component costs and price competition: -- 49 percent of surveyed suppliers say they plan to decrease prices; -- 32 percent plan to keep prices steady; and -- 19 percent plan to increase prices.

Au said: "With more suppliers focusing on producing eco-friendly products, buyers sourcing from China can expect to find a greater range of products at even lower prices than what they paid in 2008."

Supplier profiles, price forecasts and new lighting and electrical export products

The 151-page China Sourcing Report: Lighting and Electrical provides detailed profiles of 37 suppliers with verified manufacturing and export credentials. It includes a Product Gallery featuring 135 of the most popular export models, with key specifications and full-color pictures.

The Report's surveys, price trends and supply forecasts aim to help buyers make better-informed purchasing decisions.

Specialized Global Sources websites, face-to-face events, magazines and research reports

China Sourcing Reports are part of Global Sources' sourcing and product information services. These include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs ( http://www.chinasourcingfair.com ) and Global Sources monthly magazines.

For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://www.corporate.globalsources.com .

The China Sourcing Report: Lighting & Electrical is available for purchase at http://www.ChinaSourcingReports.com/lightingelectrical .

Free information about China lighting and electrical suppliers and products can be found at http://www.chinasuppliers.globalsources.com/china-suppliers/lighting.htm .

About Global Sources

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 790,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 11 specialized trade shows which run 32 times a year across 11 cities.

Suppliers receive more than 53 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.

Global Sources has been facilitating global trade for 38 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

Global Sources Press Contact in Asia Camellia So Tel: +852-2555-5021 Email: cso@globalsources.com Global Sources Press Contact in U.S. James W.W. Strachan Tel: +1-480-664-8309 Email: strachan@globalsources.com Global Sources Investor Contact in Asia Investor Relations Department Tel: +852-2555-4777 Email: investor@globalsources.com Global Sources Investor Contact in U.S. Kirsten Chapman & Timothy Dien Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: tdien@lhai.com

SOURCE Global Sources

Source: PR Newswire

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