Chinese RAC Sales Down, Exports Up in Q1 of 2022

According to data from the China Market Monitor, in the first quarter of 2022, sales of room air conditioners (RACs) in China reached 7.52 million units and were worth RMB 28.4 billion (about US$ 4.2 billion) in value, down 26.8 and 18.8% respectively compared with the previous quarter. Of the total sales, online sales accounted for 33.6% on a volume basis and 29.1% on a value basis.