In March 2023, the sales of building materials and home decoration stores above the designated size were 129.273 billion yuan in China, an increase 20.39% year-on-year; The cumulative sales from January to March were 320.695 billion yuan, an increase 10.3% year-on-year.
According to China Building Materials Circulation Association, the BHI data demonstrates that the peak season for traditional home decoration season is approaching in March 2023. It is stated that, with the gradual emergence of domestic demand expansion policies and consumption promotion measures, the performance of the national building materials and home furnishing market in March is consistent with the expectations of the previous month, and the overall upward trend is maintained.
Analyzing the national real estate market, March and April are generally the traditional peak season for property market transactions. In March 2023, with the economic recovery expected to improve, superimposed on the optimization of real estate market control policies and the continuous improvement of the credit environment, the confidence of home buyers continues to return. Due to the continuous release of rigid and improving demand for real estate backlogged by the epidemic, market activity has increased significantly.
The Chinese building materials and home decoration market, which is closely related to the national real estate market, also witnessed an upward trend in March. In order to seize the dividends brought by the consumption release of the first peak season after the epidemic was released, building materials and home furnishing enterprises conducted a number of marketing strategies in March. The consumption of home improvement and home decoration also continued to rise. This month, the sales of building materials and the home furnishing industry have reached 129.273 billion yuan in China.
In 2023, the government put forward higher requirements and more specific guidance for the development of the building materials and home furnishing industry, releasing important signals for the future development of a series of industries such as “high-quality development, green environmental protection, digital economy, and smart home”. It is recommended that national building materials and home furnishing enterprises comply with market guidelines and find the right direction of development, and only under the premise of continuous innovation and adaptation to market demand can sustainable and healthy development be achieved.
GETO is a comprehensive service-oriented joint-stock enterprise focusing on aluminum formwork system, self-climbing platform, infrastructure construction, and precast concrete components. GETO is focus on building materials, including the formwork systems as well as the decoration materials. Since the continuous rise of BHI and the effect of building materials and home furnishing market, GETO will seize the opportunity to promote development.
Published: Apr 30, 2023
Last published: Apr 17, 2023