Staff Reporters
Dec 6, 2019

China FMCG imports impervious to trade war, slowing GDP: Bain/Kantar report

TOP OF THE CHARTS: Sales of imported FMCG products in China are growing at twice the rate of the overall FMCG market, with online sales up 30%, according to a new report.

(Shutterstock)
(Shutterstock)

Despite slowing GDP growth, China's spending on FMCG grew by 4.9% through the first three quarters of 2019, with sales of imported FMCG products growing twice that fast, according to Bain & Company and Kantar Worldpanel’s annual China Shopper report, titled 'Despite slowing GDP Growth, China consumers keep spending'.

Online sales of imported FMCG products are particularly hot: 


In premium categories, imports have a higher value share:


Imports are growing faster than their overall categories:


Brands that have not yet penetrated China can chart a path to success by emphasising digital platforms as both a channel and a brand-building tool, according to the report authors.

“By concentrating on selling online, foreign FMCG companies gain traction in China without the need to build a complex physical route to market model,” said Jason Yu, MD of Kantar Worldpanel Greater China and co-author of the report.

This article is filed under...
Top of the Charts: Highlights of recent and relevant research

 

Source:
Campaign Asia

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