Fastest Declining Industries in China by Revenue Growth (%) in 2022

1. Camera Stores in China

2022-2023 Revenue Growth: -9.9%

Revenue for the Camera Stores industry is expected to fall at an annualized 9.0% over the five years through 2021, to $612.3 million. Despite rising demand for digital single lens reflex (DSLR) cameras, industry revenue is anticipated to decline by 8.0% in 2021. Advances in smartphone camera technology has meant that consumers have increasingly replaced low-end pocket cameras with the cameras in their smartphones. Smartphone cameras can be used in most circumstances for basic photos, and smartphone manufacturers have continuously improved their integrated camera offerings.

The industry is forecast to continue its decline over the next five years. Revenue is projected... Learn More

2. Wired Telecommunications in China

2022-2023 Revenue Growth: -5.0%

The Wired Telecommunications industry is part of the telecommunication services sector. In terms of revenue, the industry is the second largest in the sector, after the Mobile Telecommunications industry (IBISWorld report 6012). However, the industry's share of telecommunications sector revenue has been declining since the early 2000s. Mobile telecommunications have rapidly developed over the past decade with both third-generation (3G) and fourth-generation (4G) mobile technology, allowing more consumers to substitute fixed-line telecommunication services with mobile ones. Additionally, fifth-generation (5G) mobile technology started commercial application in 2019. As of December 2020, China had announced more than 250 million fifth-generation (5G) users.... Learn More

3. Communication Equipment Manufacturing in China

2022-2023 Revenue Growth: -4.8%

Over the past decade, the Mobile Telecommunications industry (IBISWorld industry report 6012) has been taking market share from the Wired Telecommunications industry (6011) due to mobile services' convenience and falling prices. This increasing substitution has negatively affected demand for wired terminal equipment, a major product segment in the Communication Equipment Manufacturing industry. Industry revenue is expected to decrease at an annualized 3.6% over the five years through 2022. In 2022, industry revenue is expected to decline by 2.1% to $9.7 billion. This decline has been driven by the COVID-19 pandemic, an economic downturn in China and the falling number of... Learn More

4. Motorcycle Manufacturing in China

2022-2023 Revenue Growth: -4.5%

The development of the Motorcycle Manufacturing industry in China has been affected by more restrictive policy and the popularity of automobiles in recent years. Revenue for the industry has been decreasing at an annualized rate of 3.5% in the five-year period through 2021 to reach $30.2 billion.

The Motorcycle Manufacturing industry in China is forecast to continue decreasing at an annualized rate of 4.5% over the five years through 2026. By 2026, ACMR-IBISWorld projects that revenue will fall to $24.1 billion. Competition will become more intense, especially in terms of product quality, costs, types, brands and sales service.

Some cities in China... Learn More

5. Newspaper Publishing in China

2022-2023 Revenue Growth: -2.9%

Revenue for the Newspaper Publishing industry is expected to fall at an annualized 4.0% over the five years through 2022, to $9.0 billion. This includes an expected revenue decline of 2.9% in 2022. Rising internet use has reduced demand for newspapers, particularly in China's large cities. Additionally, rising newsprint paper costs have reduced industry profit margins.

The industry has low market share concentration compared with developed countries, although the number of establishments has increased over the past five years. Certain newspaper publishers dominate specific regions in China. For example, Beijing Daily Group accounts for about 60% of total newspaper circulation in... Learn More

6. Ship Building in China

2022-2023 Revenue Growth: -2.2%

Over the five years through 2021, the Ship Building industry in China has been declining at an annualized rate of 7.9% to $45.5 billion. This industry's activities are highly concentrated in Jiangsu, Zhejiang, Shandong and Shanghai. Foreign-owned enterprises generate 29.5% of industry revenue. The largest two shipbuilding groups, CSSC and CSIC, produce over 30.0% of domestic metal ships.

In 2015, declining ship transportation costs resulted in a 1.6% revenue decrease, to $70.9 billion. In 2016, due to the insufficient market demands and excess production capacity, industry revenue declined 3.4% to $68.5 billion. In 2017, industry revenue continued to decline 9.0% to... Learn More

7. Logging in China

2022-2023 Revenue Growth: -2.1%

As a steadily growing economy, China's demand for wood materials has grown at a volatile rate over the past five years. Real estate industries, infrastructure construction and furniture manufacturing industries are currently the major downstream consumers of logs, wood and timber in China. As local forest resources are scarce, the Logging industry relies considerably on imports.

Industry revenue is expected to fall at an annualized 1.5% over the five years through 2022, to $22.8 billion. This trend includes an expected decline of 3.5% in the current year. In 2016, the real estate inventory policy helped the real estate sector recover, which... Learn More

8. TV, DVD & Video Equipment Manufacturing in China

2022-2023 Revenue Growth: -1.3%

Industry revenue generated by the TV, DVD and Video Equipment Manufacturing industry in China is estimated to decline at an annualized 1.1% over the five years through 2022, to total $122.7 billion. This trend includes estimated decline of 1.3% in the current year. The industry turned into stock market period, so the competition is serious and lack growth engine.

Exports are important for the industry, and is expected to account for 18.6% of industry revenue in 2022. Fluctuation of export revenue over the past five years was mainly due to the industry's changing export product structure and the global recession, which... Learn More

9. Silk Fabric and Clothing Manufacturing

2022-2023 Revenue Growth: -1.0%

Over the five years through 2022, the Silk Fabric and Clothing Manufacturing industry in China is expected to fall at an annualized 1.2%, to reach $9.3 billion. The industry performed well from 2017 to 2019, due to rising personal disposable incomes, increasingly diversified industry products, and growth in downstream demand. In 2020, after the outbreak of COVID-19 in China and its effective control, domestic silk fabric and clothing manufacturing enterprises have resumed production. However, as COVID-19 became a pandemic, China's main export silk markets, such as the United States, Europe and India, stopped importing from China. Industry revenue declined by... Learn More

10. Coal Mining in China

2022-2023 Revenue Growth: -1.0%

Revenue for the Coal Mining Industry in China is expected to grow at an annualized 11.1% over the five years through 2022, including a 19.0% rise to $712.1 billion in 2022. Revenue declined in 2020, and was largely due to demand moving away from coal in favor of cleaner energy sources, decreasing coal prices, competition from lower priced imported coal, and the COVID-19 pandemic. Coal shortage in 2021 caused sharp increase of coal prices, therefore, industry revenue increased to $598.3 billion, up by 40.3% from 2020.

Raw coal output in China is expected to increase from 3.5 billion tons in 2017... Learn More