According to a Statista survey in 2024, nearly half of Chinese consumers have participated into circular economy by buying or selling pre-owned articles. Discover all statistics and data on...

2022年8月8日 · The scale of China’s pre-owned consumer electronics transaction and service market is expected to grow to 987.5 billion yuan by 2026, at a compound annual growth rate of 26.1% from 2021 to 2026. However, the pre-owned consumer electronics industry as a whole still has a very low penetration rate.

2021年10月10日 · Shenzhen Electronics Market, also known as the Huaqiang Electronics market, is among the biggest electronic market in China and the world. However, it stands as the largest electronic products wholesale market in China.

2020年7月7日 · Huaqiang South area, which is just across the road from Huaqiang North, is full of countless used mobile phone markets, the Feiyang Market, the Great Wall Market, and the Longzhu (Dragon Ball) Market are main markets for the sale of complete phones while others are phone parts markets.

2022年10月13日 · The market scale of China's secondhand consumer electronic products is expected to amount to 967.3 billion yuan in 2025 from 252.2 billion yuan in 2020, with a compound annual growth rate reaching ...

2022年4月28日 · In 2020, around 152 million used smartphones were traded to merchants or individual buyers in China, bringing in a GMV of approximately about 180 billion yuan. China's second-hand consumer...

2025年1月30日 · 93 percent of Chinese respondents answer our survey on "Most used consumer electronics" with "Smartphone". The survey was conducted in 2024, among 4,009 consumers. Get notified via email when...

The China electronics market sold an amount of 126 billion RMB in 2019, while the Shenzhen electronics market (Huaqiangbei market) alone was 30 billion RMB. And also, this number keeps growing due to people’s living standards are improved.

Overall, the Consumer Electronics market in China generated a total revenue of US$987 billion in 2022, representing a 4.4% decline from the previous year. In 2021, the demand for CE improved as the covid wave boosted demand for communications and entertainment devices such as mobile devices, TV, and laptops.