China

Connected and autonomous vehicles are becoming more widespread, reflecting the automotive industry's digital and technological shift. This report sizes the autonomous vehicle market, specifying the countries and brands embracing driverless…

2024 is expected to be a year of continued strong recovery in the number of domestic as well as cross-border trips in China. Although domestic long-haul travel remains relatively down, this is expected to be more than offset by the strong recovery of…

2024 is expected to be a year of continued strong rebound for domestic tourism. According to Euromonitor International, domestic trips are set to grow by 24% in 2024, returning to 92% of the pre-pandemic level. Meanwhile, domestic spending is…

Hotels is set to see another strong year in China in 2024, continuing its rebound in retail current value terms, although will be unable to return to the pre-pandemic (2019) level of sales. Nevertheless, the category continues to benefit from the…

According to the Ministry of Culture and Tourism, travel intermediaries in China organised 132 million domestic trips in 2023, although this accounted for less than 3% of total domestic trips in the same year. Consumers increasingly favour…

Airlines in China is set to maintain growth momentum in retail current value terms in 2024, along with the release of pent-up demand after the pandemic, and the return of cross-border travel. Passenger volumes were recorded at 351 million in the…

Repressed for economic freedom, owing to undue state control, China’s ruling elite is tightening its grip on power, whilst ties with Russia are growing. A relatively diverse economy is resilient, but is slowing whilst trying to avoid deflation.…

Shanghai remains China’s economic powerhouse, as it is the most populous city, the most affluent consumer market and enjoys the highest disposable income and boasts the largest pool of wealthy households. Suzhou had the highest productivity levels,…

In 2023, some areas of hair care packaging were seeing strong growth in their packaging unit volumes, including colourants, salon professional hair care and styling agents. This growth was being driven by a rising trend towards home hair care…

The global economic outlook remains stable, supported by falling inflation, a strong labour market and sustained consumption. Short-term growth prospects, however, are undermined by the still-high interest rate environment, while a potential cooling…

In 2024, retail sales of yoghurt are expected to decline for the fifth successive year in China in current value terms. This fall in sales is being driven by multiple factors. First, the overall economic environment remains weak, leading consumers to…

Plant-based milk is expected to remain the only category within plant-based dairy with notable sales in China in 2024. Within plant-based milk, retail volume and current value sales of soy drinks experienced a significant decline in China in 2023,…

The other dairy category is set to see stabilisation of its retail volume and current value sales in China in 2024, after seeing significant declines in 2023. The previous declines were mainly due to the shift in consumer behaviour following the end…

Retail sales of drinking milk products in China are expected to see a slight decline in current value terms in 2024, due to several compounding factors. For instance, the overall economic environment remains weak, therefore dampening consumer demand.…

Retail current value sales of dairy products and alternatives in China in 2024 are projected to continue the downwards trend observed in the previous year, with an anticipated decline in the mid-single digits, with retail volume sales also set to…

Both retail current value and volume sales of cheese are expected to continue to see double-digit declines in China in 2024. Falling sales are primarily being driven by the sharp drop in sales of cheese sticks seen within processed cheese (excl…

In 2024, retail sales of butter in the Chinese market are expected to record a mid-single-digit decline in current value terms. This decrease is primarily due to reduced demand for home baking, as post-pandemic, Chinese consumers have been spending…

Since peaking in 2016, China’s birth rate has been seeing a continuous decline, dropping below 10 million for the first time in 2022, and only 9.02 million births recorded in 2023. Although the decline in 2023 was slightly less steep compared with…

Folding cartons are the leading pack type in home insecticides in China and are expected to continue gaining share in the coming years. They are the preferred pack type as they are cost-effective to produce and lightweight, ensuring economical…

Overall wearable electronics in China is expected to see another year of low retail volume decline in 2024. Factors contributing to the decline in wearable electronics in 2024 include rising unit prices across categories, and the lengthening…