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.
Market size of local retail industry based on sales in China from 2016 to 2026, by retail format
(in trillion yuan)
Characteristic
Forecourt retailers
Convenience store
Warehouse clubs
Department store
Supermarket
Specialty retail**
Others
Distributed e-commerce
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** Specialty retail includes apparel and footwear specialist retailers, electronics and appliance specialist retailers, health and beauty specialist retailers, home and garden specialist retailers and other specialists.
One yuan equals to approximately 0.14 U.S. dollars and 0.13 euros (as of October 2023).
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HKExnews. (June 23, 2023). Market size of local retail industry based on sales in China from 2016 to 2026, by retail format (in trillion yuan) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1419998/china-market-size-of-local-retail-industry-by-format/
HKExnews. "Market size of local retail industry based on sales in China from 2016 to 2026, by retail format (in trillion yuan)." Chart. June 23, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1419998/china-market-size-of-local-retail-industry-by-format/
HKExnews. (2023). Market size of local retail industry based on sales in China from 2016 to 2026, by retail format (in trillion yuan). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1419998/china-market-size-of-local-retail-industry-by-format/
HKExnews. "Market Size of Local Retail Industry Based on Sales in China from 2016 to 2026, by Retail Format (in Trillion Yuan)." Statista, Statista Inc., 23 Jun 2023, https://www.statista.com/statistics/1419998/china-market-size-of-local-retail-industry-by-format/
HKExnews, Market size of local retail industry based on sales in China from 2016 to 2026, by retail format (in trillion yuan) Statista, https://www.statista.com/statistics/1419998/china-market-size-of-local-retail-industry-by-format/ (last visited July 22, 2024)
Market size of local retail industry based on sales in China from 2016 to 2026, by retail format (in trillion yuan) [Graph], HKExnews, June 23, 2023. [Online]. Available: https://www.statista.com/statistics/1419998/china-market-size-of-local-retail-industry-by-format/