In 2023, the actual turnover of wholesale clothing in China stood at approximately 6.36 Hundred Billion Yuan Renminbi. From the forecast data provided for 2024 to 2028, a very slow but steady growth is projected, with values increasing from 6.37 in 2024 to 6.40 by 2028.
Year-on-year variations indicate minimal growth:
2024: +0.16%
2025: +0.16%
2026: 0%
2027: +0.16%
2028: +0.16%
The Compound Annual Growth Rate (CAGR) for the forecast period from 2024 to 2028 is approximately +0.04%.
Future trends to watch for:- Impact of e-commerce and digitalization on wholesale distribution.- Changes in consumer preferences toward sustainable and locally sourced products.- Economic factors influencing disposable income and consumer spending on apparel.
