After shortage and high prices, rechargeable fans are in a slump.

Specializing in electronic products, double-headedthis summer, when the situation of rotating power outages often occurred, people were looking to buy rechargeable fans, so Mr. Nguyen Doan Duc in Vo Liet commune (Thanh Chuong) also contacted the sources to import goods to sell. Initially, he bought goods from Vinh city, Cua Lo town to sell, then in Vinh city there was a shortage of goods, so Mr. Duc contacted the sources in Quang Ninh province to import goods.

“That time, I sold over 150 rechargeable fans. During the fever, many fan models doubled in price, some were only imported for 550,000-600,000 VND/fan, but when there was a shortage, the price increased to 1-1.2 million VND without any available stock. After selling out the first two batches, when the price was pushed up too high, I did not dare to import more. However, there were still 5 fans left that could not be sold. If left for a long time, the batteries would wear out and break, so I gave away all those fans to charity. For a week now, no one has asked to buy rechargeable fans anymore,” said Mr. Duc.

Animal and poultry feed business, but when seeing the needrechargeable fanWith the price of fans increasing, Mr. Nguyen Hong Quan in Thanh Tien commune (Thanh Chuong) also found a source to buy goods to sell. In the first batch, he sold 30-40 fans, the price increased compared to previous years but not significantly. In the next batch, when he imported goods, the price increased by one and a half times, even doubled; forecasting a shortage of power, electricity would be cut off alternately until the end of the summer, so he risked buying 20 more fans at a high price.

“There are still 12 rechargeable fans unsold. Now I decided to sell them at the original price, even at a loss to “push” all the goods, but it is still very difficult to sell,” Mr. Quan shared.

In May and early June 2023, the province experienced continuous power outages, the demand for rechargeable fans increased dramatically, and electrical and household appliances dealers and warehouses in Vinh City had no goods to supply to stores in the districts. Many warehouse owners had to connect with contacts in Quang Ninh Province, pooling money to deposit with wholesalers to order large quantities from China at high prices.

Ms. Thuy - owner of acivil electricity agenton Cao Thang Street, Hong Son Ward (Vinh City) said: “At the peak, the price of rechargeable fans doubled. There were some types imported at the beginning of the season for 600,000-700,000 VND, when there was a shortage, the price increased by 300,000-500,000 VND/unit. When the import price is high, the business sells at a high price, as long as there is a profit difference. However, after holding hundreds of rechargeable fans from dozens of different brands, in the districts, the situation of rotating power outages has been limited, so only a few dealers who have paid a deposit have to accept the goods, the rest are in stock, with no customers asking to buy.”

According to a survey, currently, the price of rechargeable fans has dropped sharply by 30-50% compared to the "fever" period.

“At that time, customers asked a lot, and it was a pity not to have products to sell, so we contacted and found a source to import. At the time, the import price was high, now we sell at cost, even at a loss to avoid capital stagnation, but we still cannot sell. The characteristic of rechargeable products is that the warranty period is only 6 months, if not used for a long time, the battery will be damaged, the quality will be worse,” said Mr. Tho - the owner of an electronics store in Vinh market.

At this time, on groups and associations of businesses selling household electricity and rechargeable fans, accounts are also rushing to advertise "selling rechargeable fans", "selling rechargeable fans at original price"... in large quantities, but almost no one asks to buy.