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The technical consumer goods (TCG) market in China recorded an increase of 6.7 percent

Results for GfK TEMAX® China for the first quarter of 2018

Beijing, May 15, 2018 – The technical consumer goods (TCG) market in China reached CNY 403.0billion in the first quarter of 2018 – an increase of 6.7 percent, compared to the same quarter in 2017.

Both Major Domestic Appliances (MDA) and Small Domestic appliances (SDA) recorded double-digit growth in Q1 2018 with respective growth rate 11.9% and 15.6%. The respective yearly growth rate of Information Technology (IT), Telecommunication(TC), and Office Equiqment & Consumables(OE) sectors reached to 2.5%, 7.2% and 29.1%. Photography(PH) experienced a slight growth of 0.3% and Consumer Electronics(CE) decreased by 0.6% compared to 2017Q1.

Table summary

China Q1 2018
Q2 2017 M. CNY Q3 2017 M. CNY Q4 2017 M. CNY Q1 2018 M. CNY Q1 2018 / Q1 2017 / +/- % Q1 2018 M. CNY Q1 2018 / Q1 2017 +/- %
Consumer Electronics (CE) 35,846 35,103 46,501 36,420 -0.6% 36,420 -0.6%
Photography (PH) 4,729 4,313 4,839 4,062 0.3% 4,062 0.3%
Major Domestic Appliances (MDA) 43,426 44,244 53,864 41,558 11.9% 41,558 11.9%
Small Domestic Appliances (SDA) 13,688 13,043 20,638 17,020 15.6% 17,020 15.6%
Information Technology (IT) 45,450 48,877 51,519 48,721 2.5% 48,721 2.5%
Telecommunications (TC) 237,074 245,316 273,630 253,220 7.2% 253,220 7.2%
Office Equipment & Consumables (OE) 1,766 1,657 1,975 2,011 29.1% 2,011 29.1%
GfK TEMAX ® China 381,979 392,552 452,965 403,012 6.7% 403,012 6.7%

Economic data 2017

China
  • 6.9
    GDP growth in %
  • 8,640
    GDP per capita in USD
  • 4.7
    Unemployment rate in %
  • 1.6
    Inflation rate, avg. consumer prices in %
  • 448,940,838
    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; Updated: 5 May 2018
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