In 2023, the turnover of retail articles for daily use in China stood at 328.10 hundred million Yuans Renminbi. Based on the forecast data, the turnover will see modest yearly increases, growing to 329.91 in 2024, 331.72 in 2025, 333.18 in 2026, 334.35 in 2027, and 335.29 in 2028. This indicates a slight upward trend with yearly variations around 0.5% to 0.6%. Over the last two years, the growth has been consistent with minimal fluctuations, providing stability in this segment. The calculated Compound Annual Growth Rate (CAGR) for the forecast period from 2024 to 2028 is approximately 0.4%.
Future trends to watch for include the increasing impact of e-commerce on retail sales, shifting consumer preferences towards sustainable and eco-friendly products, and economic changes that might affect disposable income and spending patterns. Additionally, advancements in logistics and supply chain efficiency could further influence retail turnover in the upcoming years.