China Consumer Durables: Appliance Tracker

April 2026 data indicates weakening domestic demand for Chinese appliances and mixed export trends, with significant pressure on AC shipments and rising raw material costs.

Key Takeaways

• 1.China's domestic appliance demand weakened in April 2026, with retail sales falling 15% yoy due to a high base and recent price hikes.
• 2.Appliance exports showed mixed performance; while overall growth resumed, Air Conditioning (AC) export shipments declined 12% yoy.
• 3.Copper prices surged (+34% yoy) and shipping rates increased, creating potential cost pressures for manufacturers.

Table of Contents

• Ex-factory shipments weakened in Apr
• Retail sales growth moderated in Apr on a higher base
• Overseas RVC and robotic lawn mower growth remained robust in Apr
• Residential property completions and sales decline both narrowed slightly in Apr
• Copper/CRC/aluminum increased/stayed stable/pulled back in the past month
• Sector performance and valuation
• Disclosure Appendix

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