Total retail sales of cosmetics reached 204.9 billion yuan (US$31.39 billion) with an increase of 8.8% in 2015. This was the first time that the total annual retail sales of cosmetics topped 200 billion yuan (US$30.64 billion) in China.
China’s total retail sales of cosmetics were 182.5 billion yuan (US$27.96 billion) with an annual increase of 10.0% in 2014. The retail sales of cosmetics were 20.4 billion yuan (US$3.13 billion) with an increase of only 5.9% YoY in December 2015, much lower than overall consumer goods growth of 11.1% according to the National Bureau of Statistics.
The growth rate of total retails of cosmetics was slower than the growth rate of the total retail sales of consumer goods in 2015. The total retail sales of consumer goods were 30,093.1 billion yuan (US$4,609.92 billion) with an annual increase of 10.7% in 2015 according to the National Bureau of Statistics.
Total retail sales of China’s daily necessities reached 484.2 billion yuan (US$74.17 billion) with an increase of 12.3% in 2015.
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