Forecast: Turnover of Wholesale of Building Material Markets in China

The turnover of the wholesale of building material markets in China stood at 1.92 hundred billion Yuans Renminbi in 2023. Historical data indicates a fluctuating trend with considerable variations—most notably, the market experienced downturns in 2015, 2017, and 2019, but showed recovery in subsequent years. Over the last two years, the market saw a positive shift with a year-on-year growth of 5.4% in 2022 and 3.91% in 2023. The 5-year CAGR was 2.18%, underscoring a modest but steady growth.

The forecast from 2024 suggests continued expansion, with a 5-year forecasted CAGR of 2.66% leading to a projected turnover of 2.27 hundred billion Yuans Renminbi by 2028, totaling a growth rate of 14.01%. Key future trends to watch include:

- The impact of urbanization policies on demand for building materials.- Technological advancements and adoption of sustainable building practices.- The influence of raw material price fluctuations on wholesale margins.- The potential disruptions from digital platforms emerging in the wholesale market.