Reported by Zhang Yanbin from AVC
According to All View Consulting (AVC), retail sales of air condition-ers in China amounted to 47.12 mil-lion units in 2016, indicating 7.6% growth from 43.79 million units in 2015. The retail sales value amounted to RMB 157.1 billion (US$ 22.6 billion), indicating 7.3% growth from RMB 146.4 billion (US$ 21.1 billion) in 2015. Thus, growth was seen both in sales volume and value.
As shown in Figure 1, air conditioner sales in China were stagnant in the first half of 2016 but started to recover in June with shrinking inventory volume and the arrival of a hot summer. Sales maintained a strong performance until the end of the year.