China April Cosmetics Retail Sales Soar 24.3% to $3.97 Billion
- Chaileedo Press
- May 16, 2023
- 2 min read
The China National Bureau of Statistics released data on social consumer goods retail sales for April 2023. The total retail sales of consumer goods in April reached 3.491 trillion yuan ($501.69 billion). While the total retail sales of cosmetics reached 27.6 billion yuan ($3.97 Billion), saw growth of 24.3%.
The China National Bureau of Statistics released data on social consumer goods retail sales for April 2023. The total retail sales of consumer goods in April reached 3.491 trillion yuan ($501.69 billion), an increase of 18.4% year-on-year. From January to April, the total retail sales of consumer goods reached 14.9833 trillion yuan ($ 2.15 trillion), a year-on-year increase of 8.5%.
Regarding cosmetics-related data, in April 2023, the total retail sales of cosmetics reached 27.6 billion yuan ($3.97 Billion), a year-on-year increase of 24.3%. From January to April, the total retail sales of cosmetics reached 129.9 billion yuan ($18.67 billion), a year-on-year increase of 9.3%.
Compared with the same period last year, although the total retail sales of cosmetics occasionally declined from September 2022 to April 2023, overall, it showed an upward trend, and the growth rate has significantly increased since the beginning of this year. According to data released by the National Bureau of Statistics in previous years, the total retail sales of cosmetics in April this year exceeded the highest value of 27.2 billion yuan ($3.91 billion) in 2021, reaching 27.6 billion yuan ($3.97 billion), and it was a strong recovery after negative growth in 2022.
Regarding customs data, in April, China imported 32,167.8 tons of beauty, cosmetics, and personal care products, with an import value of 10.97 billion yuan ($1.58 billion). From January to April, a total of 121,779.7 tons were imported, a decrease of 8.1% compared with the same period last year. The total import value was 46.02 billion yuan (&6.61 billion), a year-on-year decrease of 3.7%.
The National Bureau of Statistics stated that in April, the national economy continued to recover, and positive factors accumulated. However, it is also necessary to see that the international environment is still complex and severe, domestic demand is still insufficient, and the internal driving force for economic recovery is not yet strong.
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