Forecast: Turnover of Wholesale of Decoration Materials Markets in China

The turnover of the wholesale decoration materials market in China has experienced significant fluctuations over the past decade. The market saw steady growth from 2013 to 2015, with double-digit year-on-year increases. However, from 2016 to 2019, growth stabilized and even saw slight declines. The market faced a sharp downturn in 2020 and 2021, likely due to economic disruptions, but rebounded strongly in 2022, nearly returning to pre-2020 levels. In 2023, the turnover stood at 1160.0 hundred million Yuan, showing an 8.3% year-on-year increase and a 1.57% CAGR over the last five-year period.

Looking ahead, the forecast indicates moderate growth with an average annual increase of about 2.87% CAGR from 2024 to 2028, with an overall anticipated growth of 15.23%. This suggests a steady recovery and gradual uptrend in market turnover.

Future trends to watch for include the impact of emerging technologies in decoration materials, shifts in consumer preferences towards sustainable and eco-friendly products, and potential economic policies affecting import-export dynamics. Keeping an eye on these factors could provide a more nuanced understanding of market movements.