According to a research report, Mar. average retail pricing for 7-Watt LED bulbs (equiv.to 40-Watt incandescent bulbs) in the China market down 21.4% on month to RMB29.1, while 9-Watt LED bulbs (equiv. to 60-Watt incandescent bulbs) decreased 11.6% to RMB38.8.
The research report indicated that March average retail prices for 7-Watt and 9-Watt LED bulbs in Japan flat on month at JPY1740 ($14) and JPY3206 respectively, with decreasing 2.4% and 3.3%.
In other markets, average retail prices in March were: KRW9883 (US$8.9, flat on month) and KRW13,889 (down 1.4%) in South Korea; US$20.7 (decreased 2.4%) and $19.8 (rose 2.1%) in the U.S.; and EUR8.60 ($9.40, decreased10.4%) and EUR14.50 (rose 2.1%) in Europe.