Industries with the Biggest Decline in Exports in China in 2025

1. Communication Equipment Manufacturing in China

Decline in Exports for 2025: -4.4%

Over the past decade, the Mobile Telecommunications industry has been taking an increasing market share from the Wired Telecommunications industry due to mobile services' convenience and falling prices. This increasing substitution has reduced demand for wired terminal equipment, a major product segment in the Communication Equipment Manufacturing industry. Industry revenue is expected to decrease an annualized 2.6% over the five years through 2023. In 2023, industry revenue is expected to decline 2.4%, to $8.0 billion. This decline has been driven by the COVID-19 pandemic, China's economic downturn and the falling number of fixed-line telephone users.

Industry exports has declined sharply over... Learn More

2. Tobacco Growing in China

Decline in Exports for 2025: -3.3%

Tobacco is grown on less than 1% of the world's agricultural land and in a wide variety of soils and climates. Since the 1960s, the bulk of production has moved from the Americas to Africa and Asia. Land devoted to tobacco growing has been halved in the United States, Canada and Mexico, but has almost doubled in China, Malawi and Tanzania.

Due to the issuance of China's Tobacco Control Program in late 2012 in response to the World Health Organization Framework Convention on Tobacco Control (WHO FCTC), tobacco leaf production capability has been declining since 2013. In 2013, the planting area... Learn More

3. Audio Equipment Manufacturing in China

Decline in Exports for 2025: -3.2%

China is the largest production base for audio products in the world, and exports have been one of the main sources of industry revenue for decades. However, with rising incomes and cheaper products on the market, domestic demand has been increasing steadily to become the major source of industry revenue.

Industry revenue is expected to total $28.4 billion in 2023, increasing 2.0% from the previous year. Overall, industry revenue has grown at a CAGR of 0.5% over the five years through 2023. Over the same period, exports decreased at a CAGR of 3.9%, largely due to decrease in international market demand... Learn More

4. Sawmills in China

Decline in Exports for 2025: -3.0%

China's increasing urbanization rate bolstered demand for construction wood, wood for decoration and wood furniture over the past five years. The rapid development of transportation infrastructure has also raised demand for special timbers and sleepers. These factors have benefited the Sawmill industry, causing industry revenue to increase an annualized 4.5% over the five years through 2023, to total $28.0 billion. This includes a 4.1% increase in 2023. High purchasing and labor costs lead to low profitability, profit accounts for 4.2% of total revenue in 2023.

Inadequate supply, low quality and an uneven distribution of Chinese forest resources have led demand for... Learn More

5. Integrated Circuit Manufacturing in China

Decline in Exports for 2025: -2.8%

China is the world's largest and fastest-growing integrated circuit market, and is also an important producer and provider of integrated circuits. The Integrated Circuit Manufacturing industry in China is expected to grow at an annualized 11.8% over the five years through 2023 to $283.3 billion, maintaining a sustained and stable growth trend over the period. This includes growth by 9.3% in the current year. The huge demand from terminal application markets like industrial equipment, communication networks, and new energy vehicles has contributed to revenue growth. An increased focus on intellectual property and patents has also promoted revenue growth. Moreover, national... Learn More

6. Motorcycle Manufacturing in China

Decline in Exports for 2025: -2.5%

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 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

7. Aluminum Ore Mining in China

Decline in Exports for 2025: -2.0%

China's Aluminum Ore Mining industry's revenue is expected to increase an annualized 0.4% to $7.0 billion over the five years through to 2023, including 1.7% in 2023 alone when profit margins will increase to 8.4%. Slowdowns across downstream industries in China have limited industry revenue growth over the past five years. However, China remains the largest producer and consumer of aluminum globally, supporting local demand for aluminum ore. China's economy grew steadily in 2021, benefiting from its COVID-19 pandemic prevention and control, supporting Aluminium Ore Mining industry demand.

Market demand for alumina has increased. Factors like tight aluminum ore... Learn More

8. Camera Equipment Manufacturing in China

Decline in Exports for 2025: -1.9%

Revenue for the Camera Equipment Manufacturing industry in China is expected to decrease an annualized 0.8% over the five years through 2023, to $9.5 billion. This includes an anticipated decline of 0.2% in the current year. The four largest industry players, Foshan Pulihua, Canon, Sony and Fujifilm, are expected to account for almost three-quarters of industry revenue in 2023.

China has become the world's largest production base for camera equipment. In addition, digital cameras have replaced traditional film cameras as the industry's main product, with digital single-lens reflex (DSLR) cameras and mirrorless cameras becoming increasingly popular with consumers.

Basic digital cameras are... Learn More

9. Sheep and Cattle Farming in China

Decline in Exports for 2025: -1.4%

Revenue for the Sheep and Cattle Farming industry in China is expected to increase at an annualized 6.5% over the five years through 2023, to $145.1 billion. This includes an expected revenue increase of 0.7% in the current year. Domestic demand for beef and mutton in China is expected to increase at an annualized 6.5% over the five years through 2023, due to China's rising population and improved living standards. In addition, the prices of these meats have steadily increased over the past five years.

The industry's profit margins have declined over the past five years due to rising raw... Learn More

10. Pig Farming in China

Decline in Exports for 2025: 0.4%

Revenue for the Pig Farming industry in China is expected to grow at an annualized 14.0% over the five years through to 2023, to $93.2 billion. This trend includes an anticipated rise of 5.8% in the current year. Rising domestic living standards and purchasing power have stimulated demand for pork. Many small and mid-size pig farming enterprises have exited the industry since 2012, having been affected by the implementation of strict environmental regulations in China. Moreover, due to the strong fluctuations in meat prices, the number of slaughtered fattened hogs decreased from 708.3 million to about 671.3 million over the... Learn More