(Image: LEDinside)

Prices of LED light bulbs showed a slight decline this August, according to the latest reporting from LEDinside, a division of TrendForce. Compared with July, the global ASP of 40-watt equivalent LED light bulbs fell by 1.1% to US$6.4, while the global ASP of 60-watt equivalent LED light bulbs dropped by 1.5% to US$7.7.

LEDinside analyst Allen Yu pointed out that Japan witnessed a larger price decline as the promotional pricing of new products including LED filament bulbs helped pull down prices of the more established products in that regional market. “Not only are the LED filament bulbs well-received in Europe and the U.S., they are gradually gaining tractions in Asian markets as well,” noted Yu.

Prices of LED light bulbs were relatively stable in the U.S., the U.K and Europe. The price decline, however, was a bit more pronounced in Germany. Outside Japan, prices also remained steady in other Asian markets.

Prices in China’s LED package market were on a stable trend in August

The latter half of August was the start of the traditional off season in the lighting market. Due to cooling demand, lighting LED suppliers also saw a lowering of their capacity utilization rates. Nonetheless, prices of LED packages in China held steady in August as the seasonal headwinds did not have a noticeable effect on them. Prices of 3030 and 2835 LEDs were generally on the same level in August as they were in July.