As per a new report from the Board Channels, the GPU market in China has seen its worst decline in years in 2022.
Except for a couple of homegrown brands, others like Asus, Gigabyte, MSI, etc., have seen negative growth in sales in the last year. Citing this as the result of prolonged supply chain issues and the pandemic, Chinese sellers are hopeful that 2023 is brighter and will finally reverse the trend.
Chinese GPU Market Statistics
To the unknown, China is home to some of the world’s largest manufacturing and assembling plants due to its cheap labor costs and also the world’s largest consumer market for some products. Graphical Processing Units (GPUs) are one among them, where China excels in making and buying.
But, a recent report from Board Channels noted that last year had been worst for the Southeast Asian country, which saw about a 42% decline in GPU sales compared to a year earlier! This sharp decline is the result of years-long supply chain issues and pandemic-related lockdowns, cite the report.
Well, as they have settled now, China is hoping to rebound the sales growth and cover losses catered from previous years. Big names like Asus, MSI, and Gigabyte saw negative growth in 2022, followed by Gainward and ZOTAC.
But this was not the same case for Colorful, a Chinese homegrown GPU brand that marked positive growth last year – while others are falling down. Depicting how strong Colorful has been in its native market, GALAX and Maxsun, too had fair growth rates noted in 2022.
With the otherwise performance of these, the GPU market saw a slight uptick of 9% compared to the previous month (December 2022), notes the report. Well. This is major because of various offloading deals from retailers, who were able to play accordingly with the native brands.