In 2018, Chinese spent approximately six billion U.S. dollars on luxury goods in the duty free market in China. This number was estimated to quadruple by 2025, whereas the compound annual growth rate (CAGR) of luxury spending overseas was projected to be only around three percent.
Estimated Chinese luxury spending in 2018 and 2025, by type
(in billion U.S. dollars)
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The Moodie Davitt Report. (July 23, 2019). Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 25, 2022, from https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report. "Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars)." Chart. July 23, 2019. Statista. Accessed June 25, 2022. https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report. (2019). Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 25, 2022. https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report. "Estimated Chinese Luxury Spending in 2018 and 2025, by Type (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Jul 2019, https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report, Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/ (last visited June 25, 2022)
