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)
** 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 December 24, 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 December 24, 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: December 24, 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 December 24, 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/
