On March 22, Li Jialu, Director of the Circulation Development Department of the Ministry of Commerce, stated at the launch ceremony of the “2025 National Home Appliance Consumption Season” this morning that from the consumer side, the home appliance consumption market has continued to recover since the second half of last year. According to data from the Ministry of Commerce, from August 2024 to present, consumers have purchased nearly 90 million units of old for new home appliance products. According to value-added tax invoice data, from October 2024 to February 2025, retail sales of household audiovisual equipment such as televisions and daily household appliances such as refrigerators increased by 23.3% and 56.1% year-on-year, respectively. From the production perspective, both the output and profit of household appliances are showing an increasing trend. In 2024, the production of refrigerators, air conditioners, and washing machines will increase by 8.3%, 9.7%, and 8.8% respectively year-on-year, and the total profit of the household appliance industry will increase by 11.4% year-on-year. (Caixin News Agency reporter Lu Tingting)
Scan code to share