In 2021, Chinese consumer spending accounted for around 21 percent of the global luxury market, representing a slight increase from 20 percent in 2020. China's luxury market was estimated to grow at a CAGR of 13 percent between 2021 and 2025, making it the world's largest personal luxury goods market by 2025.
Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021
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Bain & Company. (January 21, 2022). Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 [Graph]. In Statista. Retrieved July 03, 2022, 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 2019 to 2021." Chart. January 21, 2022. Statista. Accessed July 03, 2022. https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/
Bain & Company. (2022). Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021. Statista. Statista Inc.. Accessed: July 03, 2022. 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 2019 to 2021." Statista, Statista Inc., 21 Jan 2022, 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 2019 to 2021 Statista, https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/ (last visited July 03, 2022)
