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      The refrigeration industry under the epidemic Covid-19

      DATE:2020-04-28 18:57:43   HITS:

      At the beginning of 2020, the Covid-19 broke out in the country, and domestic industries were severely impacted. February was when the epidemic was concentrated. How the refrigeration industry is affected by the epidemic and the performance of the industry will affect the trend throughout the year. Industry Online Refrigeration Research Group will take you to a detailed interpretation of the performance of refrigerators, freezers, showcases, compressors and other refrigeration products in February

      1.Production and sales of refrigerator is frustrated

      Industry Online statistics show that the total output of refrigerators in February was 2.054 million units, fell 47.5% year-on-year and 58.2% month-on-month; total sales were 2.719 million units, fell 35.6% year-on-year and 49.2% month-on-month; The inventory in this month was 3.165 million units, A decrease of 17.4% compared with the previous month and a decrease of 15.7% compared with the same period last year. In terms of domestic and foreign sales, the export volume of refrigerators was 1.365 million units, fell 17.6% year-on-year and 48.1% month-on-month; Domestic sales of refrigerators were 1.354 million units, fell 47.2% year-on-year and 50.3% month-on-month

      Production: Affected by the epidemic, most areas of the country resumed work after the 10th, and some areas even postponed it until late February. Hubei, where the epidemic is relatively severe, will not resume work until the end of February or March. Although companies are actively taking measures to restore production capacity, but it has not been ideal. Even with the Spring Festival holiday factor last month and February last year, production in February this year still fell sharply from the same period last year.、

      Domestic sales: Due to the home isolation measures of the epidemic, consumer demand has been suppressed to a certain extent, coupled with the reduction of logistics, terminal demand has fallen sharply. However, the demand for part of the hoarding of food brought by home cooking is compared with other major appliances. , The refrigerator terminal declined slightly. In addition, because many companies gave priority to export production, the production of domestic products was relatively squeezed. Some products shipped in February were pre-stocked products.

      Exports: The decline in corporate shipments is also close to 20%, but it is much better than domestic sales. On the one hand, the base was low in the same period last year. On the other hand, the company gave priority to export production and arranged the shipment of stock products in advance. The export growth of France, Germany, Italy and other countries is relatively obvious, and the growth rate is basically around 20%. The countries that have fallen more include Hong Kong, the United Kingdom and Canada.

       

      2.Refrigerator production and sales fell sharply

      The production and sales of the refrigerator industry fell sharply in February. Specifically, the production of 810,000 units, a year-on-year decline of 43.1%, and a month-on-month decline of 51.7%, mainly due to the impact of the Covid-19 epidemic, delays in the company's resumption of work, coupled with issues such as recruitment, epidemic prevention and upstream supporting issues, and tight logistics, the industry's production capacity recovery is not very good ideal. Sales and shipments were 1.053 million units, down 27.3% year-on-year and 54.1% month-on-month.

      Production: Among the top ten production companies this month, only 宏泰 and 韓電 have basically the same level of production as the same period last year. The companies have declined to varying degrees, and all companies have fallen by more than 25%. Companies such as Xingxing and Midea have fallen more

      Domestic sales: Shipment volume was 448,000 units, a year-on-year decrease of 27.7% and a month-on-month decrease of 43.4%. In terms of domestic sales, 宏泰, the top ten company in domestic sales, had a small base in the same period last year and a higher growth rate, with a year-on-year increase of 233.3%. 銀都 is basically the same as the same period last year, other companies all experienced significant declines, with double-digit declines; from the growth of the top ten companies, each company fell sharply.

      Export Sales: Exports this month are still higher than domestic sales. In terms of specific quantity, the export volume was 605,000 units, down 27.1% year-on-year and 59.7% year-on-year. Among the top ten companies, 奧馬 saw an increase of 75.7% year-on-year, followed by 美菱 with an increase of over 30%. From the year-on-year comparison of the top fifteen exporting countries, the number of exports to Poland increased year-on-year, followed by Germany, and the number of exports to the United Kingdom declined the most year-on-year, followed by the Netherlands, India, and Italy, with a decline of more than 40%.

       

      3.Display refrigerator sales fell by more than 30%


      Industry online statistics show that in February 2020, the total sales of the display cabinet industry was 3,500 units, a year-on-year decrease of 37%; sales of 220 million yuan, a year-on-year decrease of 37.5%

      Domestic sales: Statistics show that 2,698 display cabinets were sold domestically in February, a year-on-year decrease of 36.1%. February is the traditional off-season for showcases, and shipments affected by the epidemic have significantly narrowed, down by more than 50% month-on-month, and domestic shipments were less than half of the previous month. February is the outbreak of the domestic epidemic. Resumption of work and production, logistics and transportation are both unavoidable problems for enterprises. However, the epidemic only temporarily blocked the connection between manufacturers and customers, making it difficult for goods to arrive and sales staff unable to carry out market activities. In the long run, the demand for display cabinets from fresh food retailers has not been greatly suppressed. On the contrary, the epidemic has made the capital side more confident in the fresh food sales industry. Fresh food e-commerce financing will proceed normally in 2020. The store opening plans of traditional supermarkets have not been announced to be reduced. Fresh food e-commerce orders have skyrocketed, and the demand for display cabinets will not decrease. Display cabinet sales are expected to increase after the epidemic improves

      Export sales: In February, only 775 display cabinets were exported, down 40% year-on-year and 57% month-on-month. The delivery of export orders was delayed due to transportation obstruction. However, the epidemic situation abroad is severe and the recovery of exports is currently difficult to predict. In terms of enterprises, Haier Carrier, as an export in the same period last year, was affected in February and declined more, but still ranked first in export volume. From the perspective of corporate performance, 勁力 and 金城 have shown certain growth due to their small export volume, while other companies have all declined. In terms of export regions, the top three are Malaysia, Hong Kong and Japan. As the epidemic spreads globally, export orders for display cabinet are expected to continue to be affected

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      The refrigeration industry under the epidemic Covid-19
      SINCE 2006

      The refrigeration industry under the epidemic Covid-19


      At the beginning of 2020, the Covid-19 broke out in the country, and domestic industries were severely impacted. February was when the epidemic was concentrated. How the refrigeration industry is affected by the epidemic and the performance of the industry will affect the trend throughout the year. Industry Online Refrigeration Research Group will take you to a detailed interpretation of the performance of refrigerators, freezers, showcases, compressors and other refrigeration products in February

      1.Production and sales of refrigerator is frustrated

      Industry Online statistics show that the total output of refrigerators in February was 2.054 million units, fell 47.5% year-on-year and 58.2% month-on-month; total sales were 2.719 million units, fell 35.6% year-on-year and 49.2% month-on-month; The inventory in this month was 3.165 million units, A decrease of 17.4% compared with the previous month and a decrease of 15.7% compared with the same period last year. In terms of domestic and foreign sales, the export volume of refrigerators was 1.365 million units, fell 17.6% year-on-year and 48.1% month-on-month; Domestic sales of refrigerators were 1.354 million units, fell 47.2% year-on-year and 50.3% month-on-month

      Production: Affected by the epidemic, most areas of the country resumed work after the 10th, and some areas even postponed it until late February. Hubei, where the epidemic is relatively severe, will not resume work until the end of February or March. Although companies are actively taking measures to restore production capacity, but it has not been ideal. Even with the Spring Festival holiday factor last month and February last year, production in February this year still fell sharply from the same period last year.、

      Domestic sales: Due to the home isolation measures of the epidemic, consumer demand has been suppressed to a certain extent, coupled with the reduction of logistics, terminal demand has fallen sharply. However, the demand for part of the hoarding of food brought by home cooking is compared with other major appliances. , The refrigerator terminal declined slightly. In addition, because many companies gave priority to export production, the production of domestic products was relatively squeezed. Some products shipped in February were pre-stocked products.

      Exports: The decline in corporate shipments is also close to 20%, but it is much better than domestic sales. On the one hand, the base was low in the same period last year. On the other hand, the company gave priority to export production and arranged the shipment of stock products in advance. The export growth of France, Germany, Italy and other countries is relatively obvious, and the growth rate is basically around 20%. The countries that have fallen more include Hong Kong, the United Kingdom and Canada.

       

      2.Refrigerator production and sales fell sharply

      The production and sales of the refrigerator industry fell sharply in February. Specifically, the production of 810,000 units, a year-on-year decline of 43.1%, and a month-on-month decline of 51.7%, mainly due to the impact of the Covid-19 epidemic, delays in the company's resumption of work, coupled with issues such as recruitment, epidemic prevention and upstream supporting issues, and tight logistics, the industry's production capacity recovery is not very good ideal. Sales and shipments were 1.053 million units, down 27.3% year-on-year and 54.1% month-on-month.

      Production: Among the top ten production companies this month, only 宏泰 and 韓電 have basically the same level of production as the same period last year. The companies have declined to varying degrees, and all companies have fallen by more than 25%. Companies such as Xingxing and Midea have fallen more

      Domestic sales: Shipment volume was 448,000 units, a year-on-year decrease of 27.7% and a month-on-month decrease of 43.4%. In terms of domestic sales, 宏泰, the top ten company in domestic sales, had a small base in the same period last year and a higher growth rate, with a year-on-year increase of 233.3%. 銀都 is basically the same as the same period last year, other companies all experienced significant declines, with double-digit declines; from the growth of the top ten companies, each company fell sharply.

      Export Sales: Exports this month are still higher than domestic sales. In terms of specific quantity, the export volume was 605,000 units, down 27.1% year-on-year and 59.7% year-on-year. Among the top ten companies, 奧馬 saw an increase of 75.7% year-on-year, followed by 美菱 with an increase of over 30%. From the year-on-year comparison of the top fifteen exporting countries, the number of exports to Poland increased year-on-year, followed by Germany, and the number of exports to the United Kingdom declined the most year-on-year, followed by the Netherlands, India, and Italy, with a decline of more than 40%.

       

      3.Display refrigerator sales fell by more than 30%


      Industry online statistics show that in February 2020, the total sales of the display cabinet industry was 3,500 units, a year-on-year decrease of 37%; sales of 220 million yuan, a year-on-year decrease of 37.5%

      Domestic sales: Statistics show that 2,698 display cabinets were sold domestically in February, a year-on-year decrease of 36.1%. February is the traditional off-season for showcases, and shipments affected by the epidemic have significantly narrowed, down by more than 50% month-on-month, and domestic shipments were less than half of the previous month. February is the outbreak of the domestic epidemic. Resumption of work and production, logistics and transportation are both unavoidable problems for enterprises. However, the epidemic only temporarily blocked the connection between manufacturers and customers, making it difficult for goods to arrive and sales staff unable to carry out market activities. In the long run, the demand for display cabinets from fresh food retailers has not been greatly suppressed. On the contrary, the epidemic has made the capital side more confident in the fresh food sales industry. Fresh food e-commerce financing will proceed normally in 2020. The store opening plans of traditional supermarkets have not been announced to be reduced. Fresh food e-commerce orders have skyrocketed, and the demand for display cabinets will not decrease. Display cabinet sales are expected to increase after the epidemic improves

      Export sales: In February, only 775 display cabinets were exported, down 40% year-on-year and 57% month-on-month. The delivery of export orders was delayed due to transportation obstruction. However, the epidemic situation abroad is severe and the recovery of exports is currently difficult to predict. In terms of enterprises, Haier Carrier, as an export in the same period last year, was affected in February and declined more, but still ranked first in export volume. From the perspective of corporate performance, 勁力 and 金城 have shown certain growth due to their small export volume, while other companies have all declined. In terms of export regions, the top three are Malaysia, Hong Kong and Japan. As the epidemic spreads globally, export orders for display cabinet are expected to continue to be affected

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