Asia-Pacific: revenue of luxury fashion 2023

China is leading the ranking by revenue in the 'Luxury Fashion' segment of the luxury goods market, recording 10.5 billion U.S. dollars. Following closely behind is Japan with 8.7 billion U.S. dollars, while Pakistan is trailing the ranking with 14.3 million U.S. dollars, resulting in a difference of 10.5 billion U.S. dollars to the ranking leader, China.

Find other insights concerning similiar markets and segments, such as a ranking by country regarding revenue in the prestige cosmetics & fragrances segment of the luxury goods market and a ranking by country regarding revenue in the luxury leather goods segment of the luxury goods market.

The Statista Market Insights cover a broad range of additional markets.

Revenue of luxury fashion in the Asia-Pacific region in 2023, by country (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Outlook’s Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.

Fashion constitutes the bulk of sales in the global personal luxury goods industry and has a healthy growth outlook over the next five years.

The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, fashion goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The most notable companies are LVMH (with brands such as Louis Vuitton, Fendi or Loro Piana), Kering (Gucci, Balenciaga, Saint Laurent and other brands), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).

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