B2B drives market demand, with B2B spending representing 100% of total demand in 2020. Sinopharm Group Co Ltd is the largest company in China, generating 0.6% of the industry’s total turnover in 2020. The industry is fragmented, with the top four companies generating 0.9% of total turnover in 2020. The total number of companies increases in 2020, to 10,337,580 units. The costs of the industry increase by 1.4% in 2020, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 25.6% of turnover in 2020, the 19th highest in the region. With turnover of USD852 billion, China accounts for 33.6% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Wholesale in China: ISIC 51. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Wholesale in China: ISIC 51 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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