In 2022, Chinese consumers contributed around 17 percent of the global personal luxury goods market. It was estimated that the figure would reach 21 percent to 23 percent in 2023. Back in 2000, Chinese consumers' spending on personal luxury goods accounted for merely one percent of the global expenditure.
Share of Chinese luxury consumer spending in the global luxury market from 2000 to 2022, with a forecast for 2023
The source has the figures as a range between 17 percent and 19 percent for 2022, and between 21 percent and 23 percent for 2023. In this statistic, the conservative values were used.
Figures for earlier years were taken from previous reports.
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Bain & Company. (January 18, 2024). Share of Chinese luxury consumer spending in the global luxury market from 2000 to 2022, with a forecast for 2023 [Graph]. In Statista. Retrieved November 01, 2024, from https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/
Bain & Company. "Share of Chinese luxury consumer spending in the global luxury market from 2000 to 2022, with a forecast for 2023." Chart. January 18, 2024. Statista. Accessed November 01, 2024. https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/
Bain & Company. (2024). Share of Chinese luxury consumer spending in the global luxury market from 2000 to 2022, with a forecast for 2023. Statista. Statista Inc.. Accessed: November 01, 2024. https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/
Bain & Company. "Share of Chinese Luxury Consumer Spending in The Global Luxury Market from 2000 to 2022, with a Forecast for 2023." Statista, Statista Inc., 18 Jan 2024, https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/
Bain & Company, Share of Chinese luxury consumer spending in the global luxury market from 2000 to 2022, with a forecast for 2023 Statista, https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/ (last visited November 01, 2024)
Share of Chinese luxury consumer spending in the global luxury market from 2000 to 2022, with a forecast for 2023 [Graph], Bain & Company, January 18, 2024. [Online]. Available: https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/
