China Consumer Durables Appliance Tracker

This report tracks May 2026 performance for Chinese consumer durable appliances, noting persistent weakness in domestic retail sales alongside recovery in export markets.

Key Takeaways

• 1.Domestic appliance demand remains weak due to a high base, with retail sales falling 16% YoY in May.
• 2.Appliances exports show sequential improvement and beat market expectations, particularly in the US/Europe markets.
• 3.Overseas RVC (Robotic Vacuum Cleaner) and robotic lawn mower demand remains robust with strong growth figures.

Table of Contents

• Ex-factory shipments showed divergence between domestic and exports
• Retail sales remained weak on a higher base
• Overseas RVC and robotic lawn mower growth remained robust
• Residential property completions and sales decline were largely stable in May vs Apr
• Copper/CRC/aluminum stayed largely stable in the past month
• Sector performance and valuation
• Price Target Risks and Methodology
• Disclosure Appendix

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