In the first half of 2015, the performance of the refrigerator market in China was sluggish. The situation of production and sales was not good. Many companies did not exist in the past three shifts or night shifts, and some companies only produced single shifts. In the first half of 2015, China’s total refrigerator production was 40.25 million units, down 1.3% year-on-year; total sales were 39.995 million units, down 2.9% year-on-year.

In the first half of 2015, the status of the refrigerator industry was slightly better than that of the refrigerator industry. In the first half of the year, the growth of food and beverages, especially frozen and frozen products, and the increase in the number of newly opened stores in supermarkets slightly boosted the light commercial refrigerator industry. In the first half of the year, the total output of the refrigerator industry in China was 110.21 million units, an increase of 2.3% over the same period of last year, and sales were 10.937 million units, an increase of 1.1% year-on-year.

In the first half of 2015, the refrigerator compressor companies were struggling to make progress in the midst of weak downstream demand. Clearing stocks has become one of the major strategies of major companies. In the first half of 2015, China’s refrigerator compressors produced 65.03 million units, a year-on-year increase of 3.0%, and sold 66.287 million units, an increase of 0.5% year-on-year. As of the end of June, the inventory of refrigerator compressors was 4.545 million units, a year-on-year decline of 16.6%.

In the first half of 2015, the driving force of China's refrigerator compressor market mainly came from the export market. According to statistics from the Customs, in the first half of the year, China exported 18.34 million units of refrigerator compressors, an increase of 8.2% year-on-year, which was constrained by weak demand in the downstream market. In the first half of the year, 46.95 million domestic refrigerator compressors were sold, which was 2.4% lower than the same period last year.

After the end of the sales season in the first half of the year, the production pace of compressor companies has slowed down significantly. Various companies have arranged for production line maintenance, staff training, and summer breaks. In July, the production of refrigerator compressors was 10.432 million units, down 1.9% year-on-year; sales were 10.396 million units, down 4.4% year-on-year.

Judging from the current situation, the refrigerator compressor market is still cautiously optimistic in the second half of the year. Whether it is from the compressor companies or the downstream machine manufacturers and other component manufacturers, we have received a relatively cautious attitude towards the domestic market in the second half of the year. Refrigerator compression The development of the machine industry is still pinning its hope on the export market, especially the devaluation of the Renminbi on August 11th, which gave higher expectation to the export market.

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