With turnover of USD7.9 billion, China accounts for 47.9% of the Asia Pacific total in 2023. The industry’s profitability increases and stands at 8.5% of turnover in 2023, the 19th highest regionally. The costs of the industry increase by 0.4% in 2023, largely driven by rising B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 1.7% of total production value in 2023. Xiamen Hongmian’ao Photography Co Ltd is the largest company in China, generating 0.6% of the industry’s total turnover value in 2023. Households drive market demand, with household spending representing 64.6% of total demand in 2023.
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This Euromonitor industrial report provides unique information on Photographic Services in China: ISIC 7494. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Photographic Services in China: ISIC 7494 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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