China Consumer Goods and Retail Sector Report 2020 4th Quarter

Following a challenging first half of 2020, Chinese economic growth improved in the third quarter of the year. The GDP increase of 4.9% y/y registered in the period was mainly attributed to the recovery of domestic consumer market and the revival of the retail sector amid improved control of the COVID-19 pandemic. Total retail sales of consumer goods in Q3 2020 rebounded to RMB 10,107bn, which was down by just 0.4% compared to the corresponding period of 2019, after the drastic declines of 19.6% and 3.8% y/y in Q1 and Q2 of 2020, respectively. The commodity retail sales of consumer goods rose by 0.3% y/y to RMB 9,045bn in Q3 2020, largely driven by positive performance of the country’s auto market and growing demand in the luxury sector. In terms of major product categories, sales of food and beverage rose by 6.6% y/y to RMB 532bn while car sales picked by 11.1% y/y to RMB 1,059bn in the third quarter of 2020. The pandemic has spurred the popularity of e-commerce and prompted an intensive digitalisation of the retail industry.

This report provides a complete and detailed analysis of the retail sector for China. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the retail sector in China
• Access forecasts for growth in the sector
• View key consumer confidence, income and consumption data for the sector in China
• Crystallise the forces both driving and restraining this sector in China
• Build a complete perspective on sector trade, investment and employment
• Ascertain trends in sales and market share for different types of product (e.g. food, consumer appliance, apparel and footwear, etc.)
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in China
• Build a clear picture of sales and market share for different retail channels (e.g. department stores, hypermarkets and e-commerce).

See below for a complete table of report contents: