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  • Monthly Prosperity Index Analysis in 2020/04

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2020-06-22
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        According to the monitor of “China•Yiwu Commodity Index”, which is also called “Yiwu Index”, the monthly prosperity index of April 2020 amounted to 1053.99 points, increased by 1.85% month on month while down by 11.65% year on year. While the monthly price index of April 2020 amounted to 100.2 points, up by 0.04% month on month while down 0.06% by year on year.
     
        I. Analysis for the Composition of the Prosperity Index
        The monthly prosperity index of April, 2020 was 1053.99 points, rose by 19.16 points month-on-month with an increasing range of 1.85%, decreased by 139.04 points year-on-year, with a decreasing range of 11.65%.
       
        The monthly prosperity index can be divided into the following sub-indices:
        1. Scale index: The scale index of April, 2020 counted to 855 points, rose by 2.07 points month-on-month with an increasing range of 0.24%, dropped by 48.56 points year-on-year with a decreasing range of 5.37%. In terms of specific sub-indices, the market popularity index, variety expansion index and trade volume index rose by 0.94%, 0.48% and 0.24% respectively, while the trade turnover index fell 0.03%.
        2. Benefit index: The Benefit index of April, 2020, counted to 1374.29 points, rose by 62.41 points month-on-month with an increasing range of 4.76%, dropped by 393.06 points year-on-year with a decreasing range of 22.24%. In terms of specific sub-indices, the fund’s turnover rate index and the commodity’s turnover rate index were both increased, rose by 58.84% and 49% respectively, while the gross profit rate index and the average gross profit index were both fell, decreased by 13.09% and 6.70% respectively.
        3. Confidence Index: The confidence index of April 2020 amounted to 999 points, dropped by 1.32 points month on month and 5.67 points year on year with decreasing range of 0.13% and 0.56% respectively.

        Among the monthly prosperity index of 15 major categories, 3 of them has increased. The monthly prosperity indices of Jewelry, Cases & Bags and Knitting & Weaving Products have rebounded in April, increased by 16.22%, 1.08% and 0.74% month on month.
        The other 12 of them have fallen, the prosperity indices of Hardware & Electronic Appliances, Toys and Timepieces & Eyeglasses have stayed in forefront, fell by 15.15%, 12.66%, and 10.31% respectively. The monthly prosperity indices of timepieces & eyeglasses and arts & crafts have fallen after rise. The monthly prosperity indices of Personal Care Products, Stationary & Office Supplies, Daily Necessities, Toys, Shoes, Packaging & Accessories, Apparel & Accessories, Sports & Entertain Products and Hardware & Electric Products have kept falling for two consecutive months.
        II. Analysis for the Composition of the Monthly Price Index
        The monthly price index of April 2020 amounted to 100.2 points, increased by 0.04 points with an increasing range of 0.04%, while dropped by 0.03 points year on year with a decreasing range of 0.03%. Among them, the market order price index rose by 0.19% while the export trade price index, the direct transaction price index and the online exchange price index fell by 0.07%, 0.17% and 0.08% respectively.

        Among the monthly price indices of 15 major categories, 9 of them have gone up. The monthly price indices of  Timepieces & Eyeglasses, Cases & Bags and Jewelry have stayed in forefront, rose by 0.96%, 0.72% and 0.45% respectively. Among them, the monthly price indices of Timepieces & Eyeglasses, Office & Stationary Equipments, Cases & Bags and Jewelry Accessories and Packaging continued to rise this month, the monthly price indices of Daily Necessities, Sports & Entertainment Products, Hardware & Electrical Product, Knitting &Weaving Products and Shoes have rebounded in April.
        The other 5 of them have fallen, the monthly price indices of Personal Care Products, Accessories & Packaging and Arts &Crafts have stayed in forefront in falling range, decreased by 2.08%, 0.96% and 0.20% respectively. The monthly price indices of Arts &Crafts, Electrical & Electronic Appliances and Toys have fallen for two consecutive months. The monthly price indices of Personal Care Products, Accessories & Packaging have fallen after rising.
    The monthly price index of Apparel & Accessories has kept the same level with last month.
        III. Analysis for the April’s Market Condition
        (1) Spring and summer product are in hot sales.
        With rising temperature, seasonal product are in hot sales, spring and summer products are frequently updated, purchasers are actively stocking up, sales of leisure tool vehicles, underwear and other products have increased. The benefit indices of which increased by 40.88 points and 10.69 points respectively.   Increasing rainy days promoted the sales of rain gear products such as umbrella, rain coats and rain boots. The monthly prosperity indices of rain gear and rain boots rose by 11.66 points and 0.54 points respectively.
       (2)Purchasers have gradually returned to the market with the ease of epidemic.
        With the ease of the domestic epidemic situation, market passenger flow has rebounded, the market popularity index rose by 7.6 points. Among the popularity index of 15 major categories, 5 of them have increased, 8 of them have fallen and the other 2 of them kept the same level with last month. The popularity index rose slowly in this month. The trade volume indices of jewelry, watches, glasses, knitting & weaving products rose by 44.7 points, 15.22 points and 1.33 points respectively. While the benefit indices of which rose 609.43 points, 22.03 points and 20.67 points respectively.
        (3) The "May Day" festival effect promoted the recovery of consumption.
        With the ease of epidemic, the demands for travel during May Day vocation increased significantly. The increasing passenger flow promoted the sales of apparel & accessories and shoes. The variety expansion degree indices of which increased by 77.74 points and 37.59 points respectively. Meanwhile the gross profit indices of personal care products and arts & crafts rose by 94.05 points and 17.5 points respectively.
        IV. Analysis for the Market Trends
        1. The demands for summer products continued to grow. Mosquito nets, swimwear, mosquito killer lamps, air-conditioning blankets, sandals and other products had a good sales prospect in the near future, the related industries would got better.
        2. Festival consumption promoted the market of related industries. The market of handicrafts, cases, bags and other industries would gradually stabilize, while the consumer demands of sports & entertainment products, personal care products, jewelry and other industries were expected to recover.
        3. The domestic epidemic situation was gradually improving, merchants continued to return, and periodic procurements became hot spots in the market. Due to the continuous impact of foreign epidemic situations, market dealers were waiting to see the future foreign trade.