eCommerce: Market Revenue Development
Stationery, Crafts & Art Supplies eCommerce Revenue Development in Greater China
How is the Chinese Stationery, Crafts & Art Supplies eCommerce market revenue evolving from 2017 to 2027? Explore the trends and forecasts.
Article by Patrick Nowak | September 04, 2024Stationery, Crafts & Art Supplies eCommerce Revenue Development in Greater China
How Is the eCommerce Revenue Trend in the Chinese Stationery, Crafts & Art Supplies Market from 2017 to 2027?
The Chinese Stationery, Crafts & Art Supplies eCommerce market has shown a steady growth pattern over the years, with revenue increasing from US$11.9 billion in 2017 to US$14.8 billion in 2027. The market experienced significant growth between 2017 and 2023, with revenue steadily climbing each year. In 2020, there was a notable increase in revenue from US$16.5 billion to US$17.2 billion, indicating a shift in consumer preferences towards online shopping for stationery, crafts, and art supplies. The market reached its peak in 2022, with revenue hitting US$17.2 billion. Despite a slight decrease in revenue in 2023 to US$17.2 billion, the market is expected to recover and continue growing in the coming years. Projections for 2024 show revenue at US$17.0 billion, followed by a slight decline to US$16.5 billion in 2025. The market is forecasted to experience further decreases in revenue, with US$15.6 billion in 2026 and US$14.8 billion in 2027. This data highlights the evolving landscape of eCommerce in the Chinese Stationery, Crafts & Art Supplies market, reflecting changing consumer behaviors and market dynamics.
Main Facts: Stable Revenue in Chinese Stationery, Crafts & Art Supplies eCommerce Market, 2017-2027
- Steady Growth until 2023: The Chinese Stationery, Crafts & Art Supplies eCommerce market experienced consistent growth from US$11.9 billion in 2017 to US$17.2 billion in 2023, showcasing a stable upward trend.
- Forecasted Decline Post-2023: Following the peak in 2023, a slight decrease to US$17.0 billion in 2024 is projected, with a further decline to US$14.8 billion by 2027, indicating a potential shift in market dynamics.
- Market Contraction in the Long Term: The forecasted decrease in revenue from 2017 to 2027 suggests a contraction in the Chinese Stationery, Crafts & Art Supplies eCommerce sector, signaling a challenging period ahead for industry players.
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