The turnover of the Wholesale of Building and Decoration Materials in China showed considerable growth from 2013 to 2014. However, from 2015 to 2023, the industry faced a steady decline. In 2023, the turnover was 320 billion yuan. The average annual decline rate from 2018 to 2023 was -2.71%. The forecasted turnover continues this downward trend, reaching 298 billion yuan by 2028, representing an anticipated average annual decline rate of -1.11% over the next five years.
Future trends to watch for include:
- Technological advancements in building materials.
- Shift towards sustainable and eco-friendly construction practices.
- Potential government policies to revitalize the construction sector.
Latest reports
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