Forecast: Turnover of Retail of Decoration Materials Markets in China

The turnover of China's retail market for decoration materials experienced fluctuations over the past decade. Value stood at 870.57 hundred million Yuan in 2023, showing a 4.62% increase from 2022. From 2013 to 2015, there was a gradual decline, which stabilized through to 2017. A notable rise was seen in 2018, followed by a drop in 2019. The sharp decline in 2020 and 2021 due to external factors was followed by a significant rebound in 2022. The 5-year CAGR from 2019 to 2023 is slightly negative at -0.1%, showing a slow recovery.

Future trends to watch for include the expected gradual increase in turnover from 2024 to 2028, with a forecasted 5-year CAGR of 0.39% and overall growth of 1.96%. Industry innovation, sustainable materials, and consumer preferences for home improvement will drive growth.