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June motor: the export season has passed, the domestic support surface still exists

August 29, 2018


In 2018, the total production and sales volume of China's air-conditioning motor industry was 34.712 million units, up 8.1% year-on-year and 2.4% month-on-month. The cumulative sales volume in January-June 2018 was 2015.32 million units, up 17.6% year-on-year; in 2018, the year was 33.218 million units. It rose by 18.3% year-on-year.

Domestic market: The sales volume of air-conditioning motors this month was 29.732 million units, up 10.2% year-on-year and down 1.5% from the previous month. Judging from the downstream air conditioner market, the temperature in most parts of the country is higher than normal in the same period of the year, and from the report of the mid-month 618, terminal sales have taken a new high on the basis of last year's high base. From the production side, domestic air-conditioning production in June still maintained a double-digit year-on-year growth. From the upstream air-conditioning motor market, the industry's production demand has boosted, so that the air-conditioner motor shipments have also remained at a high level, but compared with the previous month's data, the signs of narrowing are already very obvious. According to feedback from enterprises, the market has gradually entered the off-season, especially with the end of the first half of the year, some companies have re-adjusted the annual plan, and many companies have reported that orders in July and August have been reduced. Industry Online expects that the end of the 2018 cold year will be finalized, but the market growth in the second half of FY18 is still doubtful. The hard-to-find demand and the increase in production costs will restrict the development of the entire air-conditioning industry in the second half of the year.

Export market: The export volume of air-conditioner motors this month was 4.989 million units, down 2.8% year-on-year and down 7.1% from the previous month. In June, the peak season of air-conditioner motor exports has passed, showing a downward trend in the same period. From the perspective of the US trade war with China, in the overseas export market of China's air-conditioning motor in 2017, direct exports to the United States accounted for about 41%. Therefore, for the Chinese air-conditioning motor market, the US tariff increase, especially The impact on exporting single-phase AC motors is large. For companies that mainly use the United States as their main target market and have factories in the United States, the possibility of transferring to the United States for domestic production or the transit of countries with relatively low tariffs may not be ruled out later. But in the short run, the impact of this impact on export markets is still relatively small.


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