Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Industries with the Biggest Increase in Profit Margin in China in 2023
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View a list of the Top 25 industries with the biggest increase in profit marginPercentage Point Increase for 2023: 2.5pp
Since 2005, market deregulation, product improvements and a resurgence in the popularity of Chinese alcohol have boosted the industry's performance. From 2005 to 2016, Chinese Alcohol Production industry had maintained a trend of rapid growth, but the output of the liquor industry declined in 2017, and the output in 2017 showed a negative growth. On the one hand, this was due to the joint influence of liquor quality and safety accidents, the government's severe punishment of political corruption, and the multiple prohibitions issued by the Ministry of Transport and the Central Military Commission, which slowed the growth trend of the... Learn More
Percentage Point Increase for 2023: 2.4pp
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China and shipping imported items from other countries. Therefore, the industry's performance is extremely sensitive to the global economic climate as well as situation of China economy, as these determine the international trade between China and other countries.
China has been the largest country in goods trade since 2017. In 2022, total import and export value of goods in China reached $6.3 trillion, up by 4.4% from 2021, ranking the first in the world for six consecutive years. Largest... Learn More
Percentage Point Increase for 2023: 2.0pp
Revenue for the Tire Manufacturing industry in China is expected to rise at an annualized 2.4% over the five years through 2022, to $116.7 billion. This includes anticipated growth of 7.0% in the current year. China's developing Automobile Manufacturing industry (IBISWorld industry report 3721) has been a major driver of demand for tires over the past five years. With increased automobile ownership in China, demand for tires for new cars and replacement tires for existing vehicles has continued to increase over the period. Especially in 2021, industry revenue growth rate reached 10.0%, mainly due to rise in product price. However,... Learn More
Percentage Point Increase for 2023: 1.2pp
Revenue for the Iron Ore Mining industry in China is expected to fall at an annualized 1.7% over the five years through 2023, to $109.4 billion. Over 3,400 enterprises operate in the industry, with total employment of 604,225 and expected total output of 983.2 million tons of iron ore in 2023. The COVID-19 pandemic had a negative impact on the whole economy, with downstream steel enterprises delaying resuming work and production at the beginning of 2020. However, as the spread of the virus had come under control in China, the production and sales activities of downstream steel industries had gradually... Learn More
Percentage Point Increase for 2023: 0.8pp
Revenue for the Coal Mining Industry in China is expected to grow at an annualized 10.4% over the five years through 2023, including a 12.6 rise to $681.3 billion in 2023. 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 $535.5 billion, up by 68.7% from 2021.
Raw coal output in China is expected to increase from 3.7 billion tons in 2018... Learn More
Percentage Point Increase for 2023: 0.6pp
The Boat Building industry has fluctuated over the five years through 2023, with industry revenue generally increasing at an annualized rate of 11.6%. Industry revenue is expected to grow 17.8% to $2.7 billion, when profit is anticipated to be 3.9%. About 91 companies operate in the industry in 2023, employing about 17,114 people with total wages of $181.6 million.
Over the five years through 2023, industry revenue has fluctuated with global markets, as industry exports account for higher shares of industry revenue. Improving technologies and designing capabilities also give Chinese products a global competitive advantage. Boating and similar leisure activities are... Learn More
Percentage Point Increase for 2023: 0.6pp
Revenue for the Hydroelectric Power industry is expected to increase at an average annualized rate of 3.6% to $56.7 billion over the five years through 2022. This trend includes a 5.0% increase in the current year. The government's strategy for developing renewable energy in China has had a positive impact on the industry. Additional drivers for industry growth have been power shortages, industry deregulation and the implementation of a market-based pricing mechanism.
As China aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060, ACMR-IBISWorld forecasts that revenue for the Hydroelectric Power industry in China will increase... Learn More
Percentage Point Increase for 2023: 0.5pp
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 Motorcycle Manufacturing in China is expected to increase at an annualized 0.2% to $25.3 billion over the five years through 2023, including a drop of 8.3% in 2023 alone, when profit is anticipated to be 4.9%.
The Government in China has continuously issued industry policies to encourage the use of green vehicles such as new energy vehicles to travel. With the gradual penetration of energy conservation and emission reduction awareness in daily life, increasingly... Learn More
Percentage Point Increase for 2023: 0.4pp
China's economic growth has driven demand for the machinery manufacturing industries in recent years. The rapid development of many downstream sectors, including engineering machinery, farming machinery and traffic engineering, contributed to the development of the Engine Manufacturing industry in China. Industry revenue is expected to increase at an annualized 5.7% over the five years through 2022, to $71.8 billion. This includes growth of 17.3% in the current year.
Slightly over 806 enterprises operate in the industry, employing approximately 268,675 workers, and total wage costs of approximately $3.3 billion. Profit is expected to account for 6.6% of industry revenue in 2022.
Industry revenue... Learn More
Percentage Point Increase for 2023: 0.4pp
The Securities Exchanges industry has displayed extreme volatility over the past five years. The uncertainty brought about by the COVID-19 pandemic, the international political geopolitical crisis and the fluctuation of the international financial market has led to the volatility of industry revenue. Industry revenue fell in 2017 and 2018, but grew by 25.2%, 46.6% and 27.1% in 2019, 2020 and 2021, respectively.
In the past five years, the total trading volume of stocks, futures and bonds has increased, which enables industry operators to obtain more transaction costs, which is the largest source of income of the exchange. Overall, industry revenue is... Learn More
Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Biggest Industries by Revenue in China in 2023
VIEW ARTICLEBased on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Industries with Largest Number of Bussinesses in China in 2023
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