Xin Ou
Research expert covering Greater China
Second-hand consumer goods in China - statistics & facts
In 2023, China sold approximately 47 trillion-yuan worth of consumer products, making it the world's largest market for consumer goods. The production of such a massive amount of consumer goods has led to tremendous carbon dioxide emissions each year. Additionally, the consequences of excessive shopping are often many unused items at home. In a survey conducted in 2022, more than 95 percent of Chinese consumers admitted to having a fair amount of items no longer in use at home. In response to the rapidly growing environmental concerns, more and more Chinese consumers are willing to trade their unused items in order to reduce their carbon footprint. According to a Statista survey in 2024, nearly half of Chinese consumers have participated into circular economy by buying or selling pre-owned articles.
