In 2023, the wholesale market for textiles, clothing, shoes, and hats in China had a turnover of 16.48 trillion yuan. The forecasted data from 2024 to 2028 shows a steady annual increase, with turnover rising from 16.91 trillion yuan in 2024 to 18.55 trillion yuan in 2028. The year-on-year growth rates are approximately 2.54% for 2025, 2.42% for 2026, 2.25% for 2027, and 2.15% for 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is about 2.45%, indicating moderate growth.
Future trends worth observing include:
- The impact of digitalization on supply chain efficiencies
- Consumer preference shifts towards sustainable and ethical products
- Potential changes in trade policies affecting imports and exports
- Economic policies influencing consumer spending and industrial growth
