Strong restart of China Luxury market (-+20% vs22), mainly fueling domestic consumption, whilegradual spend increase in nearby countries (e.g.HK, Macao and in int. destinations from H2 2023 Solid confidence of US consumers despite themacro context, driving domestic and internationaldemand (high-...
China's luxury market has seen a fall in 2022 for the first time in years, but the first quarter of 2023 is showing a rebound.
Key insights Estimated luxury market revenue in China 2023 Estimated online share of luxury market sales Most popular luxury product category Get more insights Editor’s Picks Current statistics on this topic Luxury Goods Chinese consumer expenditure share in the global luxury market 2019-2022 ...
SHANGHAI, Jan. 21 (Xinhua) -- Around 21 percent of the global consumer spending on luxury goods came from the Chinese mainland in 2021 and China is expected to become the world's largest luxury market by 2025, according to the global management consulting firm Bain & Company. The company ...
2023 Please wait Most recent update: Sep 2024 Source:Statista Market Insights Global Comparison Revenue Comparison Please wait Change the visualization to a table. Most recent update: Sep 2024 Source:Statista Market Insights Methodology The Luxury Jewelry market is built on resources from the Statista...
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SHANGHAI —The luxury goods market in mainland China will likely achieve 48 percent growth in 2020, reaching nearly 346 billion renminbi, or $52.8 billion, according to a joint report by Bain and Tmall released Wednesday, doubling China’s overall share of the global luxury market this year....
luxury industry responds to climate change and promotes sustainable development. The summit will provide brand owners with a recipe for building their ability to achieve long-term digital transformation while maintaining luxury brand heritage in a digital world to win the Chinese market in 2023 and ...
New Rules For Luxury Market The second summit forum of the top two brands of China and Europe opened in the fashion capital of Shanghai. This summit dialogue is centered around the theme of "China's luxury land". NE-TIGER, the leader of China's top fashion luxury brands, represents China...
year to reach almost 346 billion yuan (about 53 billion U.S. dollars) this year. This growth has driven China to double its share of the global luxury market in 2020, with further growth expected through 2025, according to a joint research report by Bain & Company and Tmall Luxury ...