Report on consumption of electronic and electrical products in 2019 From Research Institute of the Ministry of Commerce

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The following is the Report on consumption of electronic and electrical products in 2019 From Research Institute of the Ministry of Commercerecommended by recordtrend.com. And this article belongs to the classification: Home appliance industry, research report.

Based on the implementation of “trade in” of electronic and electrical products on Suning platform from January to November 2019 and relevant data, the report analyzes the regional, brand and category characteristics of “trade in” of electronic and electrical products, and summarizes the role of “trade in” of electronic and electrical products in promoting consumption upgrading.

Overall, the market potential of “trade in” in 2019 is showing preliminarily. According to Suning e-buy big data center, as of the end of November 2019, the total amount of “trade in” of Suning platform was 6 billion, the number of participants in subsidies was 1.33 million, the number of new units exceeded 2 million orders, and the number of recovered electronic and electrical products was 2.85 million, of which the replacement of traditional home appliances accounted for 83%.

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