In 2020, the luxury goods market in Singapore generated a revenue of over 1.8 billion U.S. dollars. The vast majority of that revenue was created by offline sales. The Statista Consumer Market Outlook estimates that online luxury purchases will continue to grow and account for 24 percent of the market's revenue by 2023.
Revenue share of luxury consumer goods in Singapore from 2017 to 2023, by sales channel
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Statistics
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Statista. (August 25, 2021). Revenue share of luxury consumer goods in Singapore from 2017 to 2023, by sales channel [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/forecasts/1259798/singapore-revenue-of-luxury-goods-by-sales-channel-category
Statista. "Revenue share of luxury consumer goods in Singapore from 2017 to 2023, by sales channel." Chart. August 25, 2021. Statista. Accessed March 29, 2024. https://www.statista.com/forecasts/1259798/singapore-revenue-of-luxury-goods-by-sales-channel-category
Statista. (2021). Revenue share of luxury consumer goods in Singapore from 2017 to 2023, by sales channel. Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/forecasts/1259798/singapore-revenue-of-luxury-goods-by-sales-channel-category
Statista. "Revenue Share of Luxury Consumer Goods in Singapore from 2017 to 2023, by Sales Channel." Statista, Statista Inc., 25 Aug 2021, https://www.statista.com/forecasts/1259798/singapore-revenue-of-luxury-goods-by-sales-channel-category
Statista, Revenue share of luxury consumer goods in Singapore from 2017 to 2023, by sales channel Statista, https://www.statista.com/forecasts/1259798/singapore-revenue-of-luxury-goods-by-sales-channel-category (last visited March 29, 2024)
Revenue share of luxury consumer goods in Singapore from 2017 to 2023, by sales channel [Graph], Statista, August 25, 2021. [Online]. Available: https://www.statista.com/forecasts/1259798/singapore-revenue-of-luxury-goods-by-sales-channel-category