According to the latest research, the market size of the Business Certification industry in 2021 will increase by USD million compared to 2020, with a growth rate of %. The publisher has been monitoring the retail market in China and it is poised to grow by $ 1420.30 bn during 2021-2025 progressing at a CAGR of 10% during the forecast period. Market size of smart retail industry in China from 2017 to 2019 with forecasts until 2022 (in billion yuan) [Graph]. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. Show publisher information It is also a source of inspiration and awe for digital and online-to-offline . China's retail sales history Historical China retail market data compiled by economic data provider Trading Economics revealed that China retail sales growth averaged 12.75% between 1993 and 2022. This was actually a relatively slow rate of growth, when compared to that of the past several years. Direct access to our data from your apps using any programing language. Use Ask Statista Research Service, Internet retail: monthly sales value in Great Britain 2016-2022, Internet share of retail sales monthly in Great Britain 2018-2022, Sharing personal data: incentives for consumers in the UK 2019. The United States is a highly developed mixed-market economy and has the world's largest nominal GDP and net wealth.It has the second-largest by purchasing power parity (PPP) behind China. facts. Market Statistics: The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. Throughout the year, the economy was plagued by the frequent resurgence of Covid and the related containment measures that disrupted daily activities. "Market size of smart retail industry in China from 2017 to 2019 with forecasts until 2022 (in billion yuan)." The most important key figures provide you with a compact summary of the topic of "Retail industry in China" and take you straight to the corresponding statistics. Disruption and uncertainty: The state of grocery 2022China. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Considering the first ten months of the year, retail sales were up 0.6%. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook It also explains different business models, key business strategies, the current level of market development, market share and size, and the current level of competition in the market. all employees of a single company. Access to this and all other statistics on 80,000 topics from, Show sources information (2) 5. The ideal entry-level account for individual users. China had a rough ride in 2022. Wine & Sparkling Wines in Hong Kong, China by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2022. China's consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. Retail Sales MoM in China averaged 0.72 percent from 2011 until 2022, reaching an all time high of 4.98 percent in May of 2020 and a record low of -10.77 percent in January of 2020. However, subsectors such as furniture and construction and decoration materials saw contractions, likely a reflection of the ongoing downturn in the housing market. ), and by Distribution Channel into Airports, Airlines, Ferries, Other (Railway Stations, Border, Downtown). As a Premium user you get access to the detailed source references and background information about this statistic. Research expert covering e-commerce and FMCG in Greater China. ), by industry (kind of store), online sales. The value of outstanding loans in China increased by 12.9%. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. This was the second straight month of decrease in retail trade and the steepest pace since May, as consumption deteriorated due to the impact of a new wave of COVID infections and ongoing restrictions. Please do not hesitate to contact me. We are happy to help. Please do not hesitate to contact me. It is often cheaper for Chinese shoppers to buy Western brands from cross-border platforms than to buy them from Chinese shops. The global Business Certification industry report provides top-notch . GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. From January to September 2018, the retail sales of consumer goods in urban areas was up by 9.1% year-on-year, while that in rural areas was up by 10.4%. China's retail trade unexpectedly declined by 0.5% year-on-year in October 2022, shifting from a 2.5% gain in the prior month and pointing to the first drop in five months, as consumption was feeble due to the impact of rising COVID infections and strict restrictions. Bank of Commerce has raised P7.5 billion, more than double the original size of P3 billion, in its first foray into the domestic debt market, as institutional and retail investors swarmed its peso bond offering. Global IT in Retail Market report emphasizes on the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market. 2022-12-15 China's retail trade unexpectedly declined by 0.5% year-on-year in October 2022, shifting from a 2.5% gain in the prior month and pointing to the first drop in five months, as consumption was feeble due to the impact of rising COVID infections and strict restrictions. 2022 China Retail Digitalization Whitepaper: The next frontier of digital transformation in China's retail industry September 14, 2022 . 3.3 Industry Attractiveness - Porter's Five Forces Analysis, 6.1.1 Food and Beverage and Tobacco Products, 6.1.6 Electronic and Household Appliances, 6.1.7 Pharmaceuticals, Luxury goods and Others, 6.2.1 Hypermarkets & Supermarkets and Convenience Stores, 8. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. Meanwhile, annual average retail sales growth fell to 9.9% in January-February (December: +14.2%). Nanakramguda Rd, Financial District, Gachibowli. If you are an admin, please authenticate by logging in again. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook It helps organization leaders make . ^ " (Largest Companies by Market Cap) - ". Looking to stay on top of industry & market trends? In 2022, the market is growing at a steady rate and with. Technology Jan 03, 2023. Trading Economics welcomes candidates from around the world. Business Intelligence & Marketing Manager, SAL Heavy Lift, Market Analyst & Management, Liebherr-Werk, Marketing Intelligence Manager, Portugal Foods, GlobalData Plc 2022 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Get full access to all features within our Corporate Solutions. On a monthly basis, retail sales rose 0.3% in February, following a 0.9% rise in January. This white paper provides a compelling snapshot of China's retail market and essential guidance for executives seeking to navigate the next phase of growth by implementing digital transformations. 199IT. The overall e-commerce sales in China grew at a CAGR of 17.7% between 2017 and 2021. In China, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. The China Retail Sector Market market is studied from 2016 - 2026. The global. It also reveals the major retailers by market share in 2021 in each of the sectors. According to the latest research, the market size of the Corn Oil industry in 2021 will increase by USD million compared to 2020, with a growth rate of %. According to iiMedia Research latest report on China's Health Supplement Market, in 2015, the scale of China's health care products market was only RMB128.2 billion (US$20.3 billion), and in 2019 it increased to RMB222.7 billion (US$35.3 billion), making it the second-largest consumer of . This contains 5 years of historical data and five-year forecasts. There might also be a consumption bias on JV brands, since early on, there may have been little trust in local brands, even if the foreign joint venture brands were manufactured in China. Corporate solution including all features. For instance, as reported by the National Bureau of Statistics of China, the E-commerce share of total retail sales in consumer goods in China was 10.8% in 2015, which increased dramatically to 24.5% in 2021 with a massive increase of 13.7%. March 14, 2022 Retail sales grew 6.7% year-on-year in January-February (December: +1.7% yoy), marking the best result since last July. Sign up to receive regular alerts for our latest analysis and reports. Forbes. The Nasdaq rose more . Full Report (49 pages) The grocery market in China is the most intriguing in the world: it is huge (second only to the United States), it leads the pack in online commerce, and it's growing rapidly. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. Standard users can export data in a easy to use web interface or using an excel add-in. It also reveals the major retailers by market share in 2021 in each of the sectors. A global social media platform's China export advertising expansion A global tech company's development of mobile payment in China A world's leading battery manufacturer setting its foot in China Risk assessment for a transport operator in Greater China Korea Government Agency Market Insights Chinese Market China market reports Podcasts Daxue Talks and over 1Mio. Of course, China is no exception. More recently, data showed the retail market in China slumped at the onset of the Covid-19 pandemic at the start of 2020. Retail Sales in China increased 0.15 percent in November of 2022 over the previous month. Retrieved 2021-06-22. In terms of revenue the global retail clinics market was valued at US$ 41.8 Bn in 2021 growing at an estimated CAGR of 9.6% over the forecast period.Doctors are an important part of our society, not just because they treatment majority of diseases but also in ensuring overall health. Every customers requirement is unique. 20 Dec 2022. US, UK is expected to dominate the market of IT Service Management Market. China's retail trade declined by 5.9% year-on-year in November 2022, much faster than a 0.5% fall in the prior month and worse than market expectations of a 3.7% drop. Market research future published a half cooked research report on High Voltage Cables & Accessories Mark Statista assumes no Japan retail sales up in November. The US economy and its rates of consumption are expected to be impacted more negatively than China's, and we now project that China will produce $5.072 trillion (RMB35.043 trillion) in retail sales in 2020, compared with $4.894 . RT Mart, Costco, E - Mart, Hi - Living, G market, Home Forever are the major companies operating in China Retail Sector Market. About This Report Market Snapshot Market Overview Scope of the Report Key Market Trends Considering the first eleven months of the year, retail sales edged down 0.1%. These insights are included in the report as a major market contributor. A complete background analysis of the Chinese retail sector, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview. China's online retail sales of apparel grew 14.1% Year-on-Year in the January-October 2021 period, hitting 3% average growth over the past two years, official statistics showed. China retail sales plunge 6 . The China luxury market is expected to exhibit a CAGR of 5.50% during 2022-2027. Millions of Chinas shoppers are also looking to buy everyday items, such as food and personal care products, from international brands, and they are turning to online marketplaces to buy these products directly from overseas brands and retailers. Please create an employee account to be able to mark statistics as favorites. The Chinese retail sector is projected to witness a CAGR of 10.6% by 2024. Key . Luxe Less Ordinary: The Rise of Niche Luxury Brands in China. Retailers and landlords of retail properties in China are currently exploring new market segments and emerging demand opportunities to create new scenarios that realize value. This page provides - China Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar . The travel retail market is expected to . Build your Wish List Reduced yesterday Tenancy info 165 pppw $1,460. China Ecommerce / May 9, 2022 / 14 minutes of reading The China e commerce market is the largest in the world. Report Code: GDRT0511MR. ", We use cookies for a better user experience. Internet of Things in Retail: Weighing sensor-integrated POS, Virtual Reality in Retail: Virtual try-on platforms, Virtual Reality in Retail: Virtual interactive stores. It is a semisolid fermented milk product. No matter your industry focus, you can keep your finger on the pulse with our timely updates. Chart. The global Corn Oil industry report provides top-notch qualitative and quantitative information including . - Two Bathrooms (5 reviews) "Lovely place to stay! January 25, 2021. Commercial vehicles make up less than 20% of the auto production market. Growth was recorded in sectors such as food, clothing, IT, fuel and vehicles. Are you interested in testing our corporate solutions? Source: Shutterstock. A paid subscription is required for full access. Payment Failed. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. "Microsoft Hits $2 Trillion Market Cap During Trading". The market is segmented by product category, distribution channel, and market dynamics - growth, trends, and forecast (2019 - 2024), *Disclaimer: Major Players sorted in no particular order. Need a report that reflects how COVID-19 has impacted this market and its growth? Through the primary research, it was. Get quick analyses with our professional research service, Toplists & Rankings: Best Employers Portal. It has the world's seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022. Then you can access your favorite statistics via the star in the header. CHINA RETAIL BANKING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) Home Industry Reports Financial Services and Investment Intelligence CHINA RETAIL BANKING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (20 . ^ "Google Parent Alphabet Passes $1 Trillion in Market Value". and over 1Mio. - Food & Grocery is the dominating sector with CNY 22,578 bn in 2021 and is the fastest growing sector, which will grow at 10.2% CAGR between 2021-2026 to reach CNY 36,700 bn. The Global Vegetarian Softgel Capsules Market size was estimated at USD 611.23 million in 2021 and expected to reach USD 672.79 million in 2022, and is projected to grow at a CAGR 10.32% to reach USD 1,102.34 million by 2027. Global Yoghurt Market is valued at approximately USD 77.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6 % over the forecast period 2022-2028. 03925319. The market is segmented by product category, distribution channel, and marketdynamics. Industry Research Pune, Sept. 12, 2022 (GLOBE NEWSWIRE) -- The " Retail Market " Report provides insightful data on business strategies, top industry trends, growth opportunities, and. Chinese shoppers continue to flock to Western brands, but they are not just seeking out aspirational names in fashion and technology. Report scope can be The reports on retail market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering . Yoghurt is made when particular lactic acid bacteria (Streptococcus thermophilus and Lactobacillus delbrueckii subsp. The China retail industry is dominated by mass market players, Gain a comprehensive view of the retail industry and forecasts to 2026, Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the retail market, Investigate current and forecast trends in retail sectors to identify the opportunities offering the most potential, Understand who the main competitors are in the sectors and their price positioning, Can be shared by unlimited users within one corporate location e.g. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. The Global Spectacles Market Trend, Size, Share, Market Dynamics | Expected To Reach USD 181.46 Billion by 2028 Dec 28, 2022 Currency Conversion is for Indicative purpose only. Thank you for your Purchase. 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", 199IT, Market size of smart retail industry in China from 2017 to 2019 with forecasts until 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1228486/china-smart-retail-market-size/ (last visited January 03, 2023), Market size of smart retail industry in China from 2017 to 2019 with forecasts until 2022, Available to download in PNG, PDF, XLS format, Retail technology in the United Kingdom (UK), Share of online turnover Western Europe 2016-2018, by channel, In-store experience: digital technologies retailers deploy in Europe in 2019, Data integration rate of organizations in Europe in 2019 by channel, IoT active connections in retail in the EU 2016, 2019, 2022 and 2025, Omnichannel customer experience: leading retailers in Europe 2018, Retailers agreeing on the need for digital transformation in retail 2019, by country, Digital customer engagement preferences of consumers in Europe in 2019 by channel, E-commerce sales in the United Kingdom (UK) 2014-2019, by technology, Share of retail businesses making e-commerce purchases in the UK 2009-2018, Mobile share of retail transactions in the UK Q1 2017- Q2 2018, Online retail: share of sales revenue by device 2018, Leading industries for customer experience in the UK 2019, Omnichannel and digital in-store: leading retailers in the UK 2019, Retail technology use by UK retailers 2019, Artificial Intelligence: areas of use by retailers in the UK 2019, Artificial Intelligence: areas of investment by UK retailers in 2019, Challenges in digital transformation of retail businesses in the UK 2019, UK e-retailers: mobile page load speed rating 2017-2018, Stock visibility offered by retailers in the UK 2018, by retail strategy, Share of UK retailers using the geolocation function on mobile 2016-2018, Share of retailers offering easy wishlisting in the UK in 2018, by segment, Share of in-store technologies retail employees used in the UK in 2017, Share of mobile devices retail employees consulted in the UK 2017, Frequency of in-store technology use by retailers in the UK 2017, UK consumers: drivers of a good online experience in high street retail in 2018, Digital high street: in-store technologies consumers want to see in the UK 2017, Digital customer engagement preferences of consumers in the UK in 2019 by channel, Consumer opinions on data use by companies in Ireland and the UK 2019, Share of UK consumers taking action to limit sharing personal data 2019, by age group, Data privacy: share of reasons UK consumers find GDPR important in 2018, Data privacy: share of services UK consumers trust with their data in 2018, Plans of adding technology elements in department stores in China 2021, Purposes of collecting consumer data by key department store operators in China 2021, Key department store operators' technology adoption in physical stores in China 2021, Global V2X automotive tech market - vehicle-to-everything 2018 & 2025, Online retail technology deal financing worldwide Q1 2018-Q2 2021, U.S. consumers' openness to in-store digital identification 2018, Cloud technology service market size Indonesia 2014-2015, Positive impact on customer actions of automation in stores worldwide 2019, Likelihood of consumers using selected shopping options U.S. 2018, Retailer priorities in AI implementation in North America in 2017, Identification of consumers before checkout by North American retailers 2019, Appeal of tech capabilities offered by online retailers in the U.S. 2017, by age, Consumer engagement initiatives planned by North American retailers for 2021, Technology impact on customer flow and sales in department stores in China 2021, Investment in omnichannel fulfillment services of U.S. retailers 2019, by area, Share of key department store operators who collect and use consumer data China 2020, Telepresence robot market size worldwide: by type 2017 & 2023, Commercial drones: U.S. market size by application 2020-2022, Consumer interest in shifting purchases to smart stores worldwide 2019, by age group, Market size of smart retail industry in China from 2017 to 2019 with forecasts until 2022 (in billion yuan), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. 2023. Convenience stores (including independents) and gas stations is the leading channel, but Duty free retail channel is expected to see the maximum growth during the forecast period, registering a CAGR of 19.6% between 2021-2026 to reach CNY 108.3 bn. Due to varying update cycles, statistics can display more up-to-date In 2020, U.S. exports of goods to China were $125.0 billion, up from 107.9 billion in 2019. " Nottingham's best pizza " 09/11/2022. Get in touch with us. policy. By submitting, you confirm that you agree to You need at least a Starter Account to use this feature. Our sales representative will reach you shortly with the details. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The Slatwall Displays (Retail Shelving) Market report is the credible source for achieving the market research that will aid to accelerate your business. Learn more about how Statista can support your business. statistic alerts) please log in with your personal account. Market size is based on retail (off trade) and non-retail (on trade and food industry) sales. You need a Statista Account for unlimited access. You only have access to basic statistics. All Rights Reserved to Mordor Intelligence. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. The Report will be delivered in 24 - 72 hours. Further, U.S. economy is expected to grow merely by 3% in 2022. This is a legacy of the first auto manufacturing in China, which started with joint ventures. Register in seconds and access exclusive features. By contrast, sales of office supplies advanced at a faster pace (8.7% vs 6.2%) and those of communications equipment rebounded strongly (5.8% vs -4.6%). Properties Measurements: 100 million Chinese yuan (100 Mil. Meanwhile, in 2020, U.S. exports of services to China were $40.4 billion, down from $59.4 billion in 2019. IT in Retail Market Size 2022 Industry Share, . "Sorry! Industry-specific and extensively researched technical data (partially from exclusive partnerships). Sales fell for most categories: cosmetics (-3.7% vs -3.1% in September), clothing (-7.5% vs -0.5%), furniture (-6.6% vs -7.3%), home appliances (-14.1% vs -6.1%), building materials (-8.7% vs -8.1%), office supplies (-2.1% vs 8.7%), and communications equipment (-8.9% vs 5.8%). As the global economy recovers in 2021 and the supply of the industrial chain improves, the Corn Oil market will undergo major changes. The report covers major international players operating in the Chinaese retail sector. liability for the information given being complete or correct. Do you want to check out a section wise price list? This market covers red, rose and white wines, sparkling wines & Champagne. The city is also home to a popular theatre and cinema scene, with the Theatre Royal and . Foreign players have around 60% of sales in the Chinese automobile market, which includes joint ventures. All orders are processed in US Dollars only. The overall retail industry in China is forecast to grow at a CAGR of 9.1% between 2021 and 2026 to reach CNY 56,659 bn. All data includes the impact COVID-19 has had on sales in 2021 (forecasted at the date of publication). As a Premium user you get access to background information and details about the release of this statistic. - The overall retail industry in China is forecast to grow at a CAGR of 9.1% between 2021 and 2026 to reach CNY 56,659 bn. We have a plan for your needs. We are always looking to hire talented individuals with equal and extraordinary proportions of industry We also use your market data in our Strategic Business Process to support our business decisions. Our customer FAQs are an excellent resource for finding answers to common questions, or for learning more about how we do things. Approximately 24% of Chinas digital shoppers had made a cross-border purchase this year, lifting the markets value by 15% year over year, to USD 115.5 billion. White label accounts can distribute our data. 30 Dec 2022. In the first three quarters, China's GDP grew by 4.8%, 0.4%, and 3.9% from last year, falling far short of its own 5.5% annual growth goal. Currently, you are using a shared account. This databook provides both the historic and forecast market data of total retail sales in China. Number of retail employees in China 2021, by sector, Number of retail companies in China 2021, by region, Number of retail employees in China 2021, by region, Sales area of retail stores in China 2011-2021, Retail sales of furniture in China by month 2021-2022, Retail sales of apparel and footwear in China by month 2020-2022, Retail value of household electronics in China 2020, by type, Retail sales of vending machines in China 2017-2022, Revenue of Yonghui Superstores in China 2012-2021, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Revenue is expected to show an annual growth rate (from 2022 to 2025) of 5%, resulting in a forecasted market volume of US$362,000 million by 2025. Due to the lingering COVID-19 pandemic, China's consumption market has taken a hit. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Clicking on the following button will update the content below. Tesla jumped for a second day in a row, clawing back some of this month's big losses. Food & Grocery is the dominating sector with CNY 22,578 bn in 2021 and is the fastest growing sector, which will grow at 10.2% CAGR between 2021-2026 to reach CNY 36,700 bn. Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre, e-commerce has become increasingly crucial in Chinas retail industry, FMCG retailers have gained more online penetration, offline retailers started to develop an omnichannel retail strategy, Chinese consumers increased their online shopping usage, they increased the purchase of Chinese products after the pandemic, they prefer Chinese brands over foreign ones, Chinas retail revenue recorded its most robust growth since 2014, witness steady growth in disposable incomes, Chinas consumer goods retail sales revenue. 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China's retail trade rose by 2.5% year-on-year in September 2022, the least in four months and below market expectations of 3.3%, as consumption slowed due to the impact of strict COVID curbs in several big cities. This text provides general information. data than referenced in the text. Please be sure to check your spam folder too. This Market size report gives an instant overview of the Hong Kong, China Spirits Market As soon as this statistic is updated, you will immediately be notified via e-mail. However, questions loom large over its market status and sovereign risk rating. Nevertheless, at the current rate, U.S. Census Bureau statistics show that U.S. exports in goods will likely reach nearly $140 billion in 2021. The GlobalData platform is our go-to tool for intelligence services. Industry Trends. CNY) bulgaricus) are added to heat-treated milk. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. However, due to the global pandemic and its varying impacts on different markets, the trendlines have changed. Global Digital Retail Marketing Market 2023-2027The analyst has been monitoring the digital retail marketing market and it is poised to grow by $902.88 bn during 2022-2027, accelerating at a CAGR . The online channel is set to make up 38.6% of the China apparel market in. Are you interested in testing our corporate solutions? The global travel retail market is expected to grow from $58.89 billion in 2021 to $68.54 billion in 2022 at a compound annual growth rate (CAGR) of 16.4%. That year, the country generated a retail sales revenue of over 44 trillion yuan, which translated to approximately 6.5. Profit from the additional features of your individual account. China Retail Sector - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 202 You can also purchase parts of this report. In 2021, China remained one of the leading retail markets in the world. The Wall Street Journal. Inflation And Looming Recession to Haunt Businesses: In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. ^ Langley, Karen (2021-06-22). However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. API users can feed a custom application. Chinas economy appears to be stabilizing gradually, boosted by rising industrial production and higher foreign currency reserves. There are three primary supports of the growing Chinese demand for imported goods. our privacy policy, By submitting, you confirm that you agree to our privacy Directly accessible data for 170 industries from 50 countries 22 Dec 2022. Contributor March 11, 2022. naics 448120 or sic code 5621 women s clothing store sales represent 20 of the clothing store industry group which translates to 27 2 billion, purpose the influence of weather on business activities and human behaviour has been explored in several fields e g finance and psychology but little research about weather and retail sales is found in Seven key Asian retail markets in 2022 and what's ahead in 2023. Considering the first nine months of the year, retail sales were up 0.7%. Advanced users can use our Python/R/Matlab packages. The retail market share in China is expected to increase by USD 1.420.30 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10%. Retail sales in rural areas grew by 9% this year, about 1-2 percentage points faster than that in urban areas. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2021. Get quick analyses with our professional research service, Toplists & Rankings: Best Employers Portal, Year-on-year change in trade revenue of consumer goods China by month 2020-2022, Physical goods' online retail sales growth rate in China 2021, by category, Retail e-commerce sales in China 2020-2026, Total retail sales of consumer goods in China 2011-2021, Leading retail chain operators in China 2021, based on retail sales, World: revenue share of top retailers 2020, by region, Revenue share of the world's leading 250 retailers in 2020, by region, E-commerce share of total retail APAC 2021, by country or region, E-commerce share of total retail in the Asia-Pacific region in 2021, by country or region, Total retail sales of consumer goods in China from 2011 to 2021 (in trillion yuan), Revenue of retail enterprises above designated size in China 2011-2021, Retail revenue of enterprises above designated size in China from 2011 to 2021 (in trillion yuan), Revenue of retail chains in China 2011-2021, Revenue of retail chains in China from 2011 to 2021 (in trillion yuan), Number of retail companies above designated size in China 2011-2021, Number of retail companies above designated size in China from 2011 to 2021, Nominal retail sales in goods value in China 2021, by sector, Value of the nominal retail sales in physical goods in China in 2021, by category (in billion yuan), Retail sales change of consumer goods in China 2021-2022, Change in retail sales revenue of consumer goods in China from August 2021 to August 2022, by product category, Revenue of retail companies in China 2021, by sector, Revenue of retail companies in China in 2021, by sector (in billion yuan), Sales of retail chains in China 2021, by sector, Total sales of retail chains in China in 2021, by sector (in billion yuan), Number of retail companies above designated size in China 2021, by sector, Number of retail companies above designated size in China in 2021, by sector, Number of retail chain store employees in China 2021, by sector, Number of retail chain store employees in China in 2021, by sector, FMCG sales in urban retail market in China 2012-2021, Sales value of fast moving consumer goods (FMCG) in urban retail market in China from 2012 to 2021 (in billion yuan), Retail sales of apparel in China 2014-2020, Retail sales of apparel in China from 2014 to 2020 (in billion yuan), Retail sales value of cosmetics in China 2011-2021, Retail sales value of cosmetics by wholesale and retail companies in China from 2011 to 2021 (in billion yuan)*, Retail sales of household appliances and consumer electronics China 2019-2022, Retail trade revenue of household appliances and consumer electronics in China from July 2019 to August 2022 (in billion yuan), Passenger and commercial vehicle sales in China from 2010 to 2021 (in million units), Share of FMCG sales in urban retail market in China 2017-2021. by channel, Share of fast moving consumer goods (FMCG) sales in the urban retail market in China from 2017 to 2021, by channel, Number of retail chain stores in China 2021, by store type, Number of retail chain stores in China in 2021, by store type, Sales revenue of convenience stores in China 2015-2023, Total sales revenue of traditional convenience stores in China from 2015 to 2021 with estimates until 2023 (in billion yuan), Online retail sales in goods value in China 2015-2021, Value of the online retail sales in physical goods in China from 2015 to 2021 (in trillion yuan), E-commerce share of retail sales in goods China 2014-2021, E-commerce share of total retail sales in consumer goods in China from 2014 to 2021, Most used online purchasing channels in China 2022, Share of consumers who made online purchases in China as of June 2022, by channel, Leading Chinese wholesalers and retailers on the Fortune China 500 ranking 2022, Leading Chinese companies in the wholesale and retail trade sector in the Fortune China 500 ranking in 2022, based on revenue (in billion yuan), Most valuable online and offline retail brands in China 2021, Leading retail and e-commerce brands based on brand value in China in 2021 (in billion yuan), Market share of the leading 100 retail chain operators China 2001-2021, Market share of the leading 100 retail chain operators in China from 2001 to 2021, Leading retail chain operators in China in 2021, based on retail sales (in million yuan), Leading FMCG retailers in China 2021, based on sales value, Leading supermarket and hypermarket operators in China in 2021, based on sales value (in billion yuan), Leading convenience store operators in China 2021, based on number of stores, Leading convenience store operators in China in 2021, based on number of stores, B2C online retail market platforms' transaction share in China Q3 2022, B2C online retail market platforms' transaction share in China in 3rd quarter of 2022, Market size of community group buying industry in China 2018-2021, Scale of the community group buying market in China from 2018 to 2021 (in billion yuan), Number of q-commerce orders in China 2017-2026, Number of quick commerce orders in China from 2017 to 2021 with estimates until 2026 (in billions), Market value of unmanned retail services in China 2017-2022, Market size of automated retail services in China from 2017 to 2021 with an estimate for 2022 (in billion yuan), Key department store operators' technology adoption in physical stores in China 2021, Rate of technology adoption in physical stores of key department store operators in China as of 2021, by type, Means of collecting consumer data by key department store operators in China 2021, Leading ways of collecting consumer data among key department store operators in China as of 2021, Likelihood to go offline shopping as often post COVID-19 restriction in China 2021, Likelihood to go shopping as frequently in physical stores as before after COVID-19 restrictions among consumers in China as of June 2021, Change in in-store shopping frequency due to COVID-19 in China 2021, Change in frequency of shopping in physical stores due to COVID-19 in China as of June 2021, Preferred times to go in-store shopping in China 2021, Preferred times to go shopping in a physical store in China as of June 2021, Change in usage of online purchases in China 2022, Share of respondents who changed their online shopping usage compared to the past year in China as of June 2022, Leading ways to shop in the future in China 2022, Leading ways that consumers planned to shop in the future in China as of June 2022, Change in holiday shopping spending compared to last year China 2021, Change in holiday shopping spending compared to last year in China as of December 2021, Main influence of COVID-19 on consumers' buying behaviors on Singles' Day China 2021, Leading impacts of coronavirus COVID-19 on shopping plans on Singles' Day sales among Chinese consumers as of October 2021. December 2022 Data - 1993-2021 Historical - January Forecast, China Stocks Rise in First Session of 2023, China Manufacturing Shrinks For 5th Month, China NBS Composite PMI Lowest in 34 Months, China Services Sector Contracts for 3rd Month, China Current Account Surplus Revised Slightly Higher, PBOC Makes Biggest Weekly Cash Injection Since 2019, Heating Oil Subdued, Still Poised for Some Upside Momentum, US Construction Spending Unexpectedly Rises. Chinese retail sales were up by 9% in 2018 versus a year earlier, roughly in line with that reported in the past year. Premium Statistic Retail media advertising market size in Japan 2021-2026 Premium Statistic Retail media ad spend in the U.S. 2019-2026, by platform You can only download this statistic as a Premium user. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers., COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. US share of Global economy is 15.78% in PPP terms in 2022. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. To use individual functions (e.g., mark statistics as favourites, set Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. China Internet Giants were at the heart of digital retail and they also have been the ones to usher in the new retail era. How to succeed in China with co-brand marketing. China Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast, 2022-2026 Summary This databook uses data from GlobalData's Retail database showing the trends in the market and sectors by value. Local brands did not have a chance to develop. Subsets: By type of goods, by location (urban, rural, etc. Despite the Coronavirus outbreak, the global e commerce growth rate is still going strong. The Global Apparel Retail market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. There are only a few Korean and American joint ventures. Global IT in Retail Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast . Get the best reports to understand your industry. However, that means three-quarter of the countrys online consumers will not be shopping across borders this year, suggesting that there is still plenty of opportunities for Western names to generate demand and capture share in China. Personal and transaction information are kept safe from unauthorised use. The increase in the scale of consumer demand over just these five years is twice the current total size of UK consumer spending. However, one requirement to this are the new energy cars that are being builtfrom scratch recently. In terms of market share, few of the major players currently dominate the market. Published: September 19, 2022 The forecasts include the impact of COVID-19 on growth. to incorporate the statistic into your presentation at any time. The pandemic wiped CNY227 billion off the Chinese apparel market value in 2020, but it experienced a speedy recovery. In, 199IT. With a growth rate of 6% on average, the e commerce revenue in China is expected to reach 2 trillion USD in 2025. However, because these student halls are limited in number, most students choose private University of Nottingham accommodation or homestays nearby. Pages: 118 Your payment is successful. China's grocery retail market to grow by a third by 2022 Date : 13 November 2018 10th November, China: The grocery retail market in China is forecast to grow by 32.6% to 2022, remaining the largest grocery market in Asia in 2022, according to new data released today by IGD, the international grocery research organisation. Click here. All of the factors mentioned above further accelerate the growth of the E-commerce market in the region. China's economy has shaken off the impact of the coronavirus, with retail sales likely to grow by some 6 per cent in 2022 as the government strengthens measures and policies to boost consumption . Nike Greater China sales down 3 percent. In the first 11 months of this year, the country's retail sales of consumer goods edged down 0.1 percent year on . Current job openings: Download historical data for 20 million indicators using your browser. The Chinese automobile market is mainly a joint venturemarket with both domestic and foreign auto producers producing joint venture brands. Between October 2021 and March 2022, Cushman & Wakefield surveyed 2,491 consumers in 18 cities in China and interviewed a number of executives working for retail brands. China Retail Market Size, Growth, Report, Forecast 2022 - 27 China Retail Sector - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) The market is segmented by product category, distribution channel, and market dynamics - growth, trends, and forecast (2019 - 2024) Download Free Sample Now According to MarketDigits Retail Cloud Market was valued USD Billion in 2021 and estimated to reach USD 40.2 Billion by 2027, growing at a CAGR of 17.2% during the forecast period of 2022-2027. Release Information Description For China, retail sales to consumers, by 16 consumption categories; level and percent growth; monthly from 1999, annual from 1952. India's retail sector is worth $836 billion in FY 2022, with an 81.5 percent contribution from traditional retail, organized brick-and-mortar retail makes up 12 percent of the overall. It illustrates the data with charts, graphs and tables summarizing the value trends, with individual sector details in overall retail. customized per your requirements. Tagged - China IT in Retail Market. Chinese demand for imported international brands has created a huge, high-growth market for cross-border e-commerce. facts. It is a . In-store and online Customer Experience (CX), Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research expert covering e-commerce and FMCG in Greater China, Profit from additional features with an Employee Account. New York, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Blockchain In Retail Banking Market Size, Share & Industry Trends Analysis Report. This statistic is not included in your account. Accessed January 03, 2023. https://www.statista.com/statistics/1228486/china-smart-retail-market-size/, 199IT. expertise, problem solving ability and inclination. About Us; How It Works; Terms & Conditions . Please check with your bank for further details. 20 Dec 2022. Report. This databook uses data from GlobalDatas Retail database showing the trends in the market and sectors by value. Statista. reportstore@globaldata.comTel +44 (0) 20 7947 2960. China's smart retail market holds great potentials and is expected to grow nine-fold to approximately 1.8 trillion yuan by 2022. To understand key trends, Download Sample Directly accessible data for 170 industries from 50 countries As the global economy recovers in 2021 and the supply of the industrial chain improves, the Business Certification market will undergo major changes. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. (January 25, 2021). Sales growth moderated for both automobiles (14.2% vs 15.9% in August) and oil products (10.2% vs 17.1%), while trade was down for cosmetics (-3.1% vs -6.4%), clothing (-0.5% vs 5.1%), furniture (-7.3% vs -8.1%), home appliances (-6.1% vs 3.4%), and building materials (-8.1% vs -9.1%). That's it for today. The Europe market for Retail Solutions is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR during the forecast period of 2023 through 2028. (3) 6. As per the analysis shared by our research analyst, the Smart Retail Market is expected to grow annually at a CAGR of around 22.8 % (2022-2028). Sales shrank for all categories: cosmetics (-4.6% vs -3.7% in October), clothing (-15.6% vs -7.5%), furniture (-4% vs -6.6%), home appliances (-17.3% vs -14.1%), office supplies (-1.7% vs -2.1%), automobiles (-4.2% vs 3.9%), oil products (-1.6% vs 0.9%), communications equipment (-17.6% vs -8.9%), and building materials (-10.0% vs -8.7%). Spirits Hong Kong, China market size data most recently updated in 2022. As passenger cars constitute the bulk of automobile production in China, production, sales,and tariffs changes in foreign ownership may affect this market. Most automobile companies in China have joint ventures with European and Japanese manufacturers. The industry raised 1.48 trillion yuan (US$212.5 billion) from 1,520 new launches in 2022, only half of the amount in 2021, the Securities Times newspaper reported on Thursday. Market size of smart retail industry in China from. The revenue in the eCommerce market in China is projected to reach US$1,412.00bn in 2022 and surpass 3.6 trillion U.S. dollars by 2025. July 15, 2022 Retail sales grew 3.1% year on year in June (May: -6.7% yoy). 30 Dec 2022. This retail market in China research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. "Market Size of Smart Retail Industry in China from 2017 to 2019 with Forecasts until 2022 (in Billion Yuan). At the same time, trade grew much softer for both automobiles (3.9% vs 14.2%) and oil products (0.9% vs 10.2%). E-commerce platform users penetration will be 71.9% in 2022 and estimated to hit 83.9% by 2025. China Travel Retail Market is Segmented By Product Type into Fashion and Accessories, Jewelry and Watches, Wine & Spirits, Food & Confectionery, Fragrances and Cosmetics, Tobacco, Others (Stationery, Electronics, etc. U.S. stocks surged Thursday, with technology shares leading the way. Bloomberg L.P. Retrieved 2021-06-22. DUBLIN, April 29, 2022 /PRNewswire/ -- The "China Food Service Market, Share, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis" report.