The retail sales value of household appliances and consumer electronics in China in January and February 2025 amounted to more than 154 billion yuan. Electrical appliances in China The household appliance industry in China has grown into a multi-billion dollar industry. In 2023 alone, market volume of the Chinese electrical household appliances sector had amounted to about 1.84 billion yuan. As the Chinese home appliance industry flourishes, Chinese household electronics companies play an increasingly important role in the global market. Since 2014, Chinese company Midea Group had been the world’s largest household appliance company with a total sales value of approximately 53 billion U.S. dollars in 2024. Another Chinese company, Gree Electric Appliances, ranked second with a total sales value of about 28 billion U.S. dollars. Per capita expenditure of private households on household appliances and consumer electronics in China had skyrocketed from approximately 110 yuan in 1990 to 1,910 yuan in 2023, and continues to grow. Market growth of the Chinese household appliances market was mainly driven by rising individual income levels and growing urbanization.

China Retail Sector Market is Segmented by Products (food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys, and Hobby, Electronic and Household Appliances, and Other Products), Distribution Channels (supermarkets/Hypermarkets, Convenience Stores, and Department Stores, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

In 2024, China's online retail sales value in physical goods reached nearly 13.1 trillion yuan, increasing from about 13 trillion yuan in the previous year. Online retail sales of physical goods in China have experienced steady growth over the past few years.

China's Travel Retail Market Report is Segmented by Product Type (Fashion and Accessories, Jewelry and Watches, Wine & Spirits, Food & Confectionery, Fragrances and Cosmetics, Tobacco, Others (Stationery, Electronics, Etc. ), Distribution Channel (Airports, Airlines, Ferries, Other (Railway Stations, Border, Downtown)). The Report Offers Market Size and Forecasts for the China Travel Retail Market in Value (USD) for all the Above Segments.

The market size of China's local retail industry totaled approximately 12.8 trillion yuan in 2022, with specialty retail taking up nearly 50 percent of the share. Supermarkets, which ranked second in retail sales value among all local retailers, generated retail sales of around 2.6 trillion yuan.

Retail Sales in China increased 4 percent in February of 2025 over the same month in the previous year. This dataset provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in China increased 0.35 percent in February of 2025 over the previous month. This dataset provides - China Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2021, China's grocery retail market reached around 10.7 trillion yuan and is expected to grow to 14.9 trillion yuan in 2026. China's grocery retail market was still dominated by offline retail.

The Report Covers China Retail Banking Industry Trends and it is segmented by Product (Transactional Accounts, Savings Accounts, Debit Cards, Credit Cards, Loans, and Other Products), by Industry (Hardware, Software, Services), and by Channel (Direct Sales, and Distributor).

In 2024, the total retail sales of the consumer goods industry in China amounted to approximately 48.8 trillion yuan. Retail sales in urban areas totaled 42.1 trillion yuan, whereas sales in rural China amounted to 6.67 trillion yuan.

China Retail Market size was valued at USD 1,940 Billion in 2023 and is projected to reach USD 3,517 Billion by 2031, growing at a CAGR of 8.17% from 2024 to 2031.

China Retail Market: Definition/Overview

Retail refers to the process of selling goods and services directly to consumers for personal use. It encompasses various sales channels, including brick-and-mortar stores, online platforms, direct sales, and mail orders. Retail transactions are characterized by the final consumer being the buyer, distinguishing them from wholesale transactions where goods are sold in bulk to businesses. Retailers act as intermediaries between manufacturers or wholesalers and the end users, providing a range of products that cater to consumer needs.
This sector plays a crucial role in the economy by facilitating consumer access to products and contributing to market dynamics through competition and innovation.

China Retail Price Index: Urban data was reported at 102.700 Prev Year=100 in 2022. This records an increase from the previous number of 101.700 Prev Year=100 for 2021. China Retail Price Index: Urban data is updated yearly, averaging 101.550 Prev Year=100 from Dec 1951 (Median) to 2022, with 72 observations. The data reached an all-time high of 121.300 Prev Year=100 in 1988 and a record low of 94.100 Prev Year=100 in 1963. China Retail Price Index: Urban data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.IB: Retail Price Index: Urban: Annual.

In 2023, the 100 leading chain store operators generated retail sales value of around 2.03 trillion yuan, contributing to about 4.3 percent of the total retail sales of consumer goods in China, which amounted to around 47.15 trillion yuan. That year, Walmart was China's largest chain retailer.

Retail Sales of Consumer Goods: Guangdong: Shenzhen data was reported at 1,063.770 RMB bn in 2024. This records an increase from the previous number of 1,048.619 RMB bn for 2023. Retail Sales of Consumer Goods: Guangdong: Shenzhen data is updated yearly, averaging 104.224 RMB bn from Dec 1979 (Median) to 2024, with 46 observations. The data reached an all-time high of 1,063.770 RMB bn in 2024 and a record low of 0.113 RMB bn in 1979. Retail Sales of Consumer Goods: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Consumer Goods and Services – Table CN.HE: Retail Sales of Consumer Goods: Prefecture Level City.

Forecast: Turnover of Retail of Special Markets in China 2022 - 2026 Discover more data with ReportLinker!

Forecast: Turnover of Retail of Merchandise Markets in China 2023 - 2027 Discover more data with ReportLinker!

Key information about Macau SAR (China) Retail Sales Growth

• Macau SAR (China) Retail Sales dropped 9.3 % YoY in Dec 2024, compared with a 17.0 % decrease in the previous quarter.
• Macau SAR (China) Retail Sales Growth YoY data is updated quarterly, available from Mar 2002 to Dec 2024, with an average growth rate of 16.4 %.
• The data reached an all-time high of 213.0 % in Jun 2021 and a record low of -62.6 % in Jun 2020.

China Retail Price: Rural Market Fair: Fresh Milk: Main Production Area data was reported at 3.980 RMB/kg in Nov 2013. This records an increase from the previous number of 3.810 RMB/kg for Oct 2013. China Retail Price: Rural Market Fair: Fresh Milk: Main Production Area data is updated monthly, averaging 3.200 RMB/kg from Jan 2009 (Median) to Nov 2013, with 58 observations. The data reached an all-time high of 3.980 RMB/kg in Nov 2013 and a record low of 2.310 RMB/kg in Aug 2009. China Retail Price: Rural Market Fair: Fresh Milk: Main Production Area data remains active status in CEIC and is reported by Ministry of Agriculture and Rural Affairs. The data is categorized under China Premium Database’s Price – Table CN.PA: Ministry of Agriculture and Rural Affairs: Retail Price: Agricultural Product.

China Wholesale & Retail Enterprise: Profit from Main Business data was reported at 4,384.054 RMB bn in 2018. This records an increase from the previous number of 3,903.546 RMB bn for 2017. China Wholesale & Retail Enterprise: Profit from Main Business data is updated yearly, averaging 1,509.282 RMB bn from Dec 1999 (Median) to 2018, with 20 observations. The data reached an all-time high of 4,384.054 RMB bn in 2018 and a record low of 101.028 RMB bn in 1999. China Wholesale & Retail Enterprise: Profit from Main Business data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Wholesale, Retail and Catering Sector – Table CN.RJB: Wholesale and Retail Enterprise: Above Designated Size: Financial Data.

Forecast: Turnover of Retail of Lamps Markets in China 2022 - 2026 Discover more data with ReportLinker!