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The technical consumer goods (TCG) market in China recorded an increase of 14.3 percent

Results for GfK TEMAX® China for the third quarter of 2017

Beijing, Nov 15, 2017 – The technical consumer goods (TCG) market in China reached CNY 393.1 billion in the third quarter of 2017 – an increase of 14.3 percent, compared to the same quarter in 2016.

Both Telecommunications (TC) and Small Domestic appliances (SDA) recorded double-digit growth in Q4 2016 with respective growth rate 20.1% and 27.5%. The respective yearly growth rate of Information Technology (IT), Photography (PH) and Major Domestic Appliances (MDA) sectors reached to 6.9%, 5.7% and 4.8%. Consumer Electronics (CE) experienced a slight growth of 1.1% compared to 2016Q3.

Table summary

China Q3 2017
Q4 2016 M. CNY Q1 2017 M. CNY Q2 2017 M. CNY Q3 2017 M. CNY Q3 2017 / Q3 2016 / +/- % Q1-Q3 2017 M. CNY Q1-Q3 2017 / Q1-Q3 2016 +/- %
Consumer Electronics (CE) 45,874 36,125 35,846 35,103 1.1% 107,074 -4.2%
Photography (PH) 4,531 4,050 4,729 4,381 5.7% 13,160 2.8%
Major Domestic Appliances (MDA) 50,565 36,956 43,212 43,988 4.8% 124,156 6.1%
Small Domestic Appliances (SDA) 16,988 14,873 13,749 13,162 27.5% 41,784 22.6%
Information Technology (IT) 48,518 47,524 45,450 48,877 6.9% 141,851 6.8%
Telecommunications (TC) 238,860 236,247 237,214 245,504 20.1% 718,965 17.6%
Office Equipment & Consumables (OE) 2,820 1,792 2,225 2,089 -16.5% 6,106 -18.2%
GfK TEMAX ® China 408,157 377,566 382,426 393,104 14.3% 1,153,096 12.2%

Economic data 2016

China
  • 6.7
    GDP growth in %
  • 8,113
    GDP per capita in USD
  • 4.6
    Unemployment rate in %
  • 2.0
    Inflation rate, avg. consumer prices in %
  • 459,579,800
    Number of households
  • N/A
    Purchasing power per household in EUR
Data for GDP, unemployment and inflation rate by World Bank, IMF, ILO, National statistics portals; Data for number of households and purchasing power by GfK GeoMarketing
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