Room air conditioner (RAC) shipments for China’s domestic market increased substantially in January, even though this was during the off season. RAC production increased by 17%, and sales increased by 16.8% year-on-year, with an increase of 61.5% for domestic sales.
Stimulated by greater demand and a planned price rise in January, dealers were highly motivated in stocking. Sales of RACs are expected to rise over the next few months.
After the Spring Festival in February, retail sales of RACs grew rapidly. During the week spanning January 30 to February 5, the offline sales volume and value of RACs increased by 4.6% and 3.7% year- on-year, respectively. The online sales volume and value increased by 4.6% and 3.7% year-on -year, respectively. During the week spanning February 6 to 12, the offline sales volume and value increased by 84.2% and 76.6% year-on-year, respectively. The online sales showed staggering increases both on volume and value bases.