The turnover of the Wholesale of Gold, Jewellery, and Jade markets in China has exhibited significant growth over the past decade, increasing from 419.06 hundred million Yuan Renminbi in 2013 to 912.6 in 2023. The period between 2013 and 2017 saw robust increases, with notable year-on-year variations reaching a peak of 31.65% in 2017. From 2018 onwards, the market continued to grow, though the rate of expansion slowed down, reflected in a year-on-year variation of 5.28% in 2023. The compound annual growth rate (CAGR) also displayed a reducing trend, moving from 15.98% in 2013 down to 4.97% by 2023.
Looking towards the future, the forecast indicates ongoing growth with the market expected to reach 1140.0 hundred million Yuan Renminbi by 2028. The anticipated 5-year CAGR of 3.5% suggests a stabilization in the market's growth rate, translating to an overall growth rate of 18.78% over the next five years.
Future trends to watch for include shifts in consumer preferences towards high-quality, sustainable, and ethically sourced materials, as well as the potential impact of economic policies and international trade relations on the market dynamics. The integration of technology and digitalization in wholesale processes and transactions could also influence future market trajectories.
