Chinese Home Appliance Industry and Market, May 2016
Operating revenues of the Chinese home appliances industry totaled between1.45 trillion (US$22.3 billion; US$1 =6.5 RMB) and 1.46 trillion RMB (US$22.5 billion) in 2015, representing 2%-3% year-on-year growth. The growth was attributed mainly to the price reduction of raw materials and effective corporate transformations and upgrades. Export value of the Chinese home appliance industry is estimated at 56 billion RMB (US$8.6 billion) in 2015, breaking the record high again. According to sina.com, the combined market value of China's home appliance online retailers also hit a new high in 2015 to approximately 300.7 billion RMB (US$46.3 billion), up 49% year-on-year. Of total market value, large-sized home appliances, comprising of LCD TVs, air conditioners, refrigerators, and washing machines, totaled 86.2 billion RMB (US$13.3 billion), accounting for 29% of total market value.
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