2.2 CHINA

According to JARN’s estimates, the Chinese RAC market decreased 5.1% year on year to 47.7 million units in 2022.

In 2022, China experienced continuous high-temperature days in summer across broad areas of the country. However, its RAC market showed an overall downward trend, due to many adverse factors such as repeated pandemic waves, economic and consumer confidence downturns, rising costs, production disruptions, and channel changes.