Get ready for the Christmas season! eBay German Christmas shopping survey released
Get ready for the Christmas season! eBay German Christmas shopping survey released
NO.1 eBay German Christmas shopping survey report released
According to the "Christmas Shopping Report 2023" published by eBay Ads, about one in five Germans (21%) plan to spend less on Christmas gifts this year than last year.
About half of German consumers (47%) will maintain their 2022 Christmas budget this year, spending roughly the same amount on gifts, the report shows. On the other hand, only a very small number of people (3%) choose to increase Christmas spending, especially among young consumers aged 18-29. Additionally, families with children are also planning to spend more on gifts this Christmas (6%).
From mid-September, German consumers will start to do Christmas shopping. An analysis of sales figures on eBay.de in the three months leading up to Christmas last year (August 15 to November 20) shows this.
NO.2 DHgate.com will ban the sale of food and beverage products
According to the announcement of Dunhuang.com, in order to further ensure the safety and compliance of the products sold on the platform, food and beverage products are now classified as prohibited products on the platform.
The platform issued an announcement on July 31, and the adjustment came into effect on August 8. The categories involved include: Food & Beverage; Home & Garden > Tea. From now on. Sellers are requested to remove all food and beverage products in the store by themselves, including but not limited to agricultural products, seafood, tea, bagged snacks, etc.
From August 8th, the platform will close the "Food and Beverage" category and the "Home and Garden>Tea" category. If sellers violate the platform rules or the provisions of this announcement, and publish prohibited and restricted products in any form, the platform will follow the rules. Penalties are applicable, and those who violate the regulations seriously will directly close the store.
NO.3 Thailand's fruit exports increased by 10.3% year-on-year, China is an important market
Thailand's Kaitai Research Center released a report on July 31, stating that in the first half of 2023, the total value of Thailand's fresh, frozen, and processed fruit exports will reach US$5.5 billion, a year-on-year increase of 10.3%. Fruit is Thailand's largest export food category, accounting for 35% of the country's total food export value. According to the report, the factors supporting the growth of fruit exports in the first half of the year are mainly orders from China, an important export market. In 2022, the value of fruit orders exported to China will account for 87% of Thailand's total fruit export value.
NO.4 South Korea's exports fell for ten consecutive months, plummeting 16.5% in July
According to a Reuters report on August 1, import and export data for July showed that South Korea’s exports have fallen for 10 consecutive months, and the export decline in July was the largest in three years.
The report quoted relevant data as saying that South Korea’s exports in July were 50.33 billion U.S. dollars, a year-on-year decrease of 16.5%. This is the largest decline in South Korea’s exports since May 2020, and it is also the 10th consecutive month of decline.
South Korea's exports fell 6 percent in June, compared with economists' forecast for a 14.5 percent decline in July, Reuters said. According to reports, the reasons for the serious decline include the downturn in the semiconductor industry, weak oil prices and a high base.
NO.5 Japanese prices continue to rise, increasing the burden on the public
In the first half of this year, the number of bankrupt companies in Japan with debts exceeding 10 million yen (about 142 yen per US dollar) was 4,042, an increase of about 32% year-on-year. Among these bankrupt enterprises, the number of manufacturing enterprises reached 459, a year-on-year increase of 37.42%.
According to the survey results released by the Ministry of Internal Affairs and Communications of Japan, after deducting the influence of price factors, real household consumption expenditures in Japan have declined year-on-year for three consecutive months. Japanese media analysts believe that the continued weakness of Japanese personal consumption, high prices of energy and daily necessities, coupled with unfavorable factors such as long-term labor shortages, have led to weak economic recovery. Rising prices continue to increase the burden on Japanese people's lives.
On July 12, the Bank of Japan’s June “Questionnaire Survey on Life Awareness” showed that 95.5% of people believed that prices would rise, surpassing the survey data when the international financial crisis broke out in 2008 and setting a record high in 15 years. Many families are constantly saving money.
