Chinese consumer expenditure share in the global luxury market 2019-2022

Published by
Yihan Ma,
Jun 16, 2023
In 2022, Chinese consumer spending was estimated to account for around 17 percent of the global luxury market, representing a decrease from 21 percent in 2021. The personal luxury goods market in China shrank by around 10 percent in 2022 as the uncertainty in the economy weakened consumer sentiment.

Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 with an estimate for 2022

© Statista 2023
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

January 2023

Region

China

Survey time period

2019 to 2021

Supplementary notes

* Estimate.

Citation formats
Statista Accounts: Access All Statistics. Starting from $1,788 USD / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Starter Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$189 USD $149 USD / Month *
in the first 12 months
Professional Account
Full access

Business Solutions including all features.

* Prices do not include sales tax.

Statistics on " Luxury goods market in China "

The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Luxury goods market in China

Overview

4

Retail market

7

Brands

5

Consumption and consumer perspective

7

Further related statistics

17

Further Content: You might find this interesting as well

Statistics

Topics

Luxury goods market in ChinaGlobal personal luxury goods industryLuxury marketing in ChinaLuxury watch industryLuxury goods in Europe
Statista Accounts: Access All Statistics. Starting from $1,788 USD / Year
Learn more about how Statista can support your business.
Menu