Performance of China’s home appliance industry in Q1 2023
From January to February 2023, revenue of China’s home appliance industry stood at 237.4 billion Yuan, up 2.9% YoY, and profit of it made a growth to reach 15.5 billion Yuan. Year 2023 marks the recovery of China’s home appliance industry.
China’s washing machine industry deepens development
The washing machine market has been freezing up with a fall in both sales value and volume in 2022. Omnichannel retail sales volume of China’s washing machine industry stood at 33.81 million units in 2022, down 9.1% YoY, and retail sales value 68.2 billion Yuan, down 11% YoY, according to All View ...
Home smart projectors gain popularity
Home smart projectors, once a niche product for fanciers, rise to enter households in recent years, which drives the industry to enter a fast development stage. The market size has been expanding even amid the overall gloominess during the pandemic. Omnichannel statistics from All View Cloud show...
Where’s China’s refrigerator industry going in 2023
China’s refrigerator industry struggled in both domestic retail market and overseas market in 2022 under the influence of several disadvantaged factors at home and abroad such as the prevention and control of COVID-19, the fed rate hikes, the Russia-Ukraine conflict and the inflation.
China’s home appliance industry on a domestic demand-driven, steady development path towards long-term growth
Under big challenges including domestic demand contraction, global economic downturn and a shrinkage in overseas demand, China’s home appliance industry maintained steady in overall development in 2022 through an optimization of product mix, cost reduction and efficiency increase aside from the...
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