Fifty-three percent of Chinese-made air conditioners have been
sold overseas since the beginning of this year, according to a
latest report released by the China Household Electrical Appliances
Association (CHEAA).
This is the first time the export of air conditioners made in
China has exceeded domestic sales since the country started to
export air conditioners 16 years ago, the CHEAA said in the annual
report on China's air conditioner industry.
China, the world's largest base for air conditioner production,
now has an annual production capacity of over 120 million air
conditioners, which can meet 80 percent of the global market
demand, the CHEAA said.
The current global market, however, only needs about 52 million
air conditioners from China, so the country's manufacturers face
the problem of oversupply, according to the CHEAA.
China's air conditioner market is now dominated by a few brands.
The top three home brands, Haier, Gree and Midea, occupy 55.8
percent of the market share, and the first ten brands account for
more than 85 percent of the country's market share.
(Xinhua News Agency September 25, 2006)
