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The statistic shows the luxury goods market worldwide in 2007 and 2012, by segment share. The worldwide share of fashion/apparel was 44.3 percent in 2007 and is forecast to be 41.9 percent in 2012. Thus, there will be a decrase of 2.4 percent by 2012 in this segment.
Luxury goods are defined as products and services which are not considered essential. They are associated with affluence.