In 2022, the market size of new-style tea shops in China's first-tier cities reached around 23.7 billion yuan. In comparison, the market size in China's fourth-tier and below cities surpassed 64 billion yuan. In comparison to higher-tier cities, lower-tier cities' tea shop market is projected to grow faster.
Retail sales value of the new-style tea shop industry in China from 2017 to 2022 with estimates until 2027, by city tier
(in billion yuan)
Characteristic
First-tier cities
New first-tier cities
Second-tier cities
Third-tier cities
Fourth-tier and below cities
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HKExnews. (August 8, 2023). Retail sales value of the new-style tea shop industry in China from 2017 to 2022 with estimates until 2027, by city tier (in billion yuan) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1416047/china-market-size-of-new-style-tea-shop-industry-by-city-tier/
HKExnews. "Retail sales value of the new-style tea shop industry in China from 2017 to 2022 with estimates until 2027, by city tier (in billion yuan)." Chart. August 8, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1416047/china-market-size-of-new-style-tea-shop-industry-by-city-tier/
HKExnews. (2023). Retail sales value of the new-style tea shop industry in China from 2017 to 2022 with estimates until 2027, by city tier (in billion yuan). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1416047/china-market-size-of-new-style-tea-shop-industry-by-city-tier/
HKExnews. "Retail Sales Value of The New-style Tea Shop Industry in China from 2017 to 2022 with Estimates until 2027, by City Tier (in Billion Yuan)." Statista, Statista Inc., 8 Aug 2023, https://www.statista.com/statistics/1416047/china-market-size-of-new-style-tea-shop-industry-by-city-tier/
HKExnews, Retail sales value of the new-style tea shop industry in China from 2017 to 2022 with estimates until 2027, by city tier (in billion yuan) Statista, https://www.statista.com/statistics/1416047/china-market-size-of-new-style-tea-shop-industry-by-city-tier/ (last visited August 25, 2024)
Retail sales value of the new-style tea shop industry in China from 2017 to 2022 with estimates until 2027, by city tier (in billion yuan) [Graph], HKExnews, August 8, 2023. [Online]. Available: https://www.statista.com/statistics/1416047/china-market-size-of-new-style-tea-shop-industry-by-city-tier/