On Nov 10, the release conference of the Third Quarter Report of China's Home Appliances Industry 2022, directed by the China Academy of Home Appliances and hosted by the National Home Appliances Industry Information Center, was held online. According to Yang Zheng, a researcher at the National Home Appliances Industry Information Center, the weak real estate market dragged down the upstream and downstream industries in the third quarter of 2022, and household consumption recovered slowly amid the fluctuation of the epidemic. The domestic home appliances market is still under great pressure, with cumulative sales of 161.55 billion yuan in the third quarter, down 4.2 percent from the same period last year. By categories, the overall scale of our electricity 98.38 billion yuan, down 2.2% year on year; Kitchen and bathroom appliances were significantly affected by the real estate market, with a year-on-year decline of 9.6%, and the retail scale was 37.03 billion yuan; The scale of household appliances reached 26.14 billion yuan, down 3.4% year-on-year.



Wu Haitao, executive deputy director of the National Home Appliance Industry Information Center, believes that under the repeated impact of the epidemic, many home appliance enterprises, especially small and medium-sized enterprises, have been in a state of unstable expectations and lack of confidence for a long time, and this pressure is still difficult to lift in the short term. However, the epidemic situation in the third quarter was relatively stable, and the production and operation conditions of enterprises improved.

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