Laidishine Logo-04

The Market Research Report Of Refrigerator Retail

China’s LED Lighting Market in 2021-News Cover

Share This Post

In the first three quarters of 2021, the refrigerator market in China is affected by the low base of last year, showing a situation of rising volume. According to the total data pushed by AVC, the retail volume of the refrigerator market from January to September 2021 was 6.767 million units, a year-on-year increase of 11.9%, and the retail sales were 9.08 billion yuan, a year-on-year increase of 16.2%. On a monthly basis, starting from April, the overall market growth rate has been under pressure, demand has narrowed, and offline performance has been particularly pronounced, with the year-on-year growth rate turning from positive to negative. With the accelerating shift of purchase channels to online, the proportion of the online market continues to expand. As of September this year, the proportion of online retail sales has exceeded 50%, becoming an important channel to stimulate market development.

In terms of prices, in the context of rising prices of raw materials, pressure from upstream industries is reflected in the retail market, leading to continued increases in product prices.

In terms of scale, AVC’s monitoring data shows that from January to September 2021, online retail volume and retail sales volume increased by 21% and 27.4% year-on-year, respectively, and offline increased by 8.9% and 12.4%, respectively.

Looking forward to the fourth quarter, under the background that the overall consumer demand in the market is slightly weak and online traffic is becoming expensive, it is predicted that the retail volume of the omni-channel market in the fourth quarter of refrigerators will be 2.02 million units, a year-on-year decrease of 18.8%, and the retail sales will be 2.71 billion yuan. A year-on-year decrease of 15.7%.

The LED lightings for refrigerator or freezer are one kind of our main products, so the refrigerator market is important for us. We will continue to pay attention to it.

More To Explore

Want to get the latest market price and advantage of lightning solutions?

drop us a line and keep in touch

Factory News-BG02

Get A Quick Quote

We will respond within 12 hours, please pay attention to the email with the suffix “”

Also, you can go to the Contact Page, which provides a more detailed form, if you have more details for products or would like to obtain a light solution negotiated.

Data Protection

In order to comply with data protection laws, we ask you to review the key points in the popup. To continue using our website, you need to click ‘Accept & Close’. You can read more about our privacy policy. We document your agreement and you can opt out by going to our privacy policy and clicking on the widget.