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Home appliance car data floating red refracting ABS resin demand growth mystery
ABS resin consumption is concentrated in the automotive industry, electronics, electrical appliances, appliances and building materials industries. Among them, the electrical appliance industry is the mainstay, while the household appliance industry mainly uses white goods and small household appliances to consume ABS raw materials.
In 2016, the performance of the domestic appliance industry was not lacking. The washing machine maintained positive growth. Compared with the negative growth in 2015, the refrigerator and air-conditioning data improved. The output of refrigerators and air conditioners increased. In 2016, the cumulative output of domestic household refrigerators was 92.598 million units, up 2.27% year-on-year; the cumulative output of household air conditioners was 160.17 million units, up 2.25% year-on-year; the cumulative output of household washing machines was 76.735 million units, up 5.60% year-on-year.
In addition, in the face of high inventory of air conditioners and refrigerators at the end of 2015, the ice and air industry in 2016 achieved certain results in destocking. After the high temperature weather in summer and the high growth of domestic online consumption, social stocks dropped significantly. The automotive industry data is more eye-catching, with double-digit growth in both production and sales.
In 2016, the overall economic performance of the automobile industry was stable, and the main economic indicators showed rapid growth. The main business income and total profit were significantly higher than the previous year. The production and sales of automobiles were 28.118 million and 28,802,200, an increase of 14.46% and 13.65% year-on-year, an increase of 11.21 percentage points and 8.97 percentage points over the previous year.
In recent years, due to the unsatisfactory performance of the home appliance industry, the demand for ABS has increased due to the increase in large-capacity and large-volume products and the updating of iterations of smart home appliances. On the whole, it is expected that the white goods industry will still have room for growth in ABS demand in the next few years. The global economy will continue to recover in the later period, which will further drive the overall consumption of ABS. However, with the increase in capacity expansion and the substitution of alternatives in the later period, the increase in ABS demand is not as dramatic as in the past two years.