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  • Monthly Prosperity Index Analysis in 2020/05

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2020-06-28
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    Monthly Prosperity Index Analysis in 2020/05
    Confidence index stabilized with improving epidemic, rigid demands led the whole market.
     According to the monitor of “China•Yiwu Commodity Index”, which is also called “Yiwu Index”, the monthly prosperity index of May 2020 amounted to 1055.85 points, increased by 1.86 points with a month on month increase of 0.18%, while dropped by 90.4 points with a year on year decrease range of 7.89%. With enlarged transaction scale and increasing benefit index, the monthly prosperity index rose slightly. Summer products and rain gear products were in hot sales recently. The improving of domestic epidemic drove outdoor activities, thus led the market of sports & entertainment products. Continuous opening of school promoted the sales of students products. In general, both of the scale index and the benefit index increased, rigid demands led the whole market.
    I. Analysis for the Composition of the Prosperity Index
    1.Scale index: The scale index of May 2020 counted up to 856.73 points, increased by 1.73 points month on month with a rising range of 0.2%, while dropped by 32.88 points year on year with a decreasing range of 3.7%. In terms of specific composition, the trade volume index and trade turnover index of the scale index rose by 2.07 points and 3.59 points respectively, with an increase range of 0.25% and 0.43%. The popularity index and variety expansion index decreased by 3.39 points and 1.2 points, with a falling range of 0.42%, 0.12% respectively.
    1.Scale index: The scale index of May 2020 counted up to 856.73 points, increased by 1.73 points month on month with a rising range of 0.2%, while dropped by 32.88 points year on year with a decreasing range of 3.7%.
    2.Benefit index: The benefit index of May 2020 counted up to 1375.43 points, increased by 1.14 points month on month with a rising range of 0.08%, dropped by 245.66 points year-on-year with a decreasing range of 15.14%. In terms of sub-indices, the gross profit index and the average gross profit index rose by 7.65 points and 130.55 points month on month, with an increases reange of 0.76% and 8.95%. the fund’s turnover rate index and the commodity’s turnover rate index were both decreased, dropped by 230.69 points and 202.34 points respectively month on month, with a decreasing range of 14.21% and 12.12% respectively.
    2.Benefit index: The benefit index of May 2020 counted up to 1375.43 points, increased by 1.14 points month on month with a rising range
    3. Confidence Index: The confidence index of May 2020 amounted to 1001.77 points, rose by 2.77 points month on month with a rising range of 0.28%, while dropped by 12.04 points year on year, with a decreasing range of 1.19%.
     

    In this month's 15 major industries, nine monthly prosperity indices rose month-on-month, and sports & entertainment products, personal care products and electric & electronic appliances were at the forefront of the increase, with rising ranges of 21.39%, 8.83% and 4.51% respectively. Among them, the monthly prosperity index of cases & bags continued to rise in April and May, rose by 42.94 points month on month. The monthly prosperity indices of sports & entertainment products, personal care products, electrical & electronic appliances, stationary and office supplies, daily necessities, accessories, accessories & packaging, hardware and electric products have rebounded after falling, and rose by 225.4 points, 106.29 points, 60.94 points, 24.31 points, 21.07 points, 18.28 points, 16.98 points and 7.6 points respectively. The prosperity indices of apparel & accessories, crafts, timepieces and eyeglasses and toys fell for two consecutive months, down to 20.15 points, 25.16 points, 51.48 points and 61.07 points respectively. The monthly prosperity indices of knitting & weaving products and jewelry have fallen after rising, fell by 34.69 points and 86.59 points from the previous month.
     I. Analysis for the Composition of the Monthly Price Index
    The monthly price index of May 2020 amounted to 100.07 points, fell by 0.13 points with a decreasing range of 0.13%, while dropped by 0.06 points year on year with a decreasing range of 0.06%. Among them, the online exchange price indexrose by 0.01% while the export trade price index, the market order price index and the direct transaction price index fell by 0.3%, 0.01% and 0.01% respectively.
     

    Among the 15 industries, the monthly price indices of 3 major categories rose month-on-month, and the monthly price indices of stationary & official supplies and sports & entertainment products rose continuously in April and May; the monthly price index of crafts stopped falling and rebounded in May. The monthly price indices of the other 11 fell month-on-month, with cases &bags, hardware & electrical products and electrical & electronic appliances staying in the forefront of decreasing, fell by 1.07%, 0.71 % and 0.6% respectively. Among them, the monthly price indices of toys, personal care products, accessories & packaging and electronic & electrical appliances continued to decline in April and May. The monthly price indices of knitting & weaving products, shoes, timepieces & eyeglasses, daily necessities, jewelry, hardware & electric products and cases & bags have fallen after rising in May. The monthly price index of Apparel & Accessories has kept the same level with last month.
    3. Analysis for the May’s Market Condition
    1. The weather turns hot and summer products are selling well.
    As summer comes, the prosperity index of personal care products rose by 106.29 points month on month. Among them, moisturizing facial masks, sunscreens, skin creams, conditioners and other personal care products attracted lots of purchasers, and performed well in both retail and wholesale. Summer home necessities, small home appliances and kitchen & sanitary hardware were in demands with the monthly prosperity indices of them increased by 22.28 points, 31.62 points and 81.51 points respectively. Entering the rainy season, the prosperity indices of raincoats and raingear rose by 215.44 points and 214.5 points respectively.
    2. The ease of epidemic situation promoted the demands for outdoor entertainment products.
    With the improvement of the domestic epidemic situation, people's outdoor activities gradually increased, the sales of sports & entertainment products were prominent with its prosperity index increasing by 255.15 points. Among them, the sports & body-building products industry has increased, with the prosperity index rising by 255.15 points. The demands for several products were thriving, the prosperity indices of earphone and helmets rose by 1413.49 points and 769.14 points respectively.
    3. The opening of schools has driven some product sales to rise.
    As the schools started one after another, student products and stationary supplies have ushered in replenishment peaks, and the prosperity indices of audio & video equipments, office supplies & equipment, glasses & accessories rose by 444.77 points, 63.5 points and 32.86 points respectively from the previous month. With the arrival of Children's Day, the prosperity indices of model toys and educational toys rose by 63.1 points and 40.68 points respectively.
    IV. Analysis for the Marketing Trends
    1. Summer products continued to sell well, the demands for sunscreen skin care products, small home appliances and summer home necessities were promising.
    2. The Dragon Boat Festival holiday was approaching, and the peak tourism season would be ushered in, and the sales of tourism-related products such as handicrafts, leisure & entertainment products, timepieces & glasses and toys tended to be rising.
    3. With the improving of domestic epidemic situation, the passenger flow increased, and regular periodic purchases may usher in a peak period.
    4. Part of the market procurements peak has passed. The demands for student supplies tended to be stable while the beddings were about to decline.