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
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Other statistics that may interest you Luxury goods market in China
Overview
4
- Premium Statistic Value of the global personal luxury goods market 1996-2022
- Premium Statistic Value of the luxury goods market worldwide by product category in 2022
- Premium Statistic Luxury goods industry revenue worldwide 2024 & 2028, by country
- Premium Statistic Chinese consumer expenditure share in the global luxury market 2019-2022
Retail market
7
- Premium Statistic Luxury goods market revenue in China 2018-2028
- Premium Statistic Luxury goods market revenue in China 2018-2028, by segment
- Premium Statistic Luxury product penetration in China 2022, by product type
- Premium Statistic Leading shopping channels for purchasing luxury goods in China 2022
- Premium Statistic Online sales as share of the luxury market sales in China 2015-2021
- Premium Statistic Most used online shopping platforms for buying luxury goods in China 2023
- Premium Statistic Offshore duty-free sales value in Hainan, China 2012-2022
Brands
5
- Premium Statistic Luxury good brand market share in China 2022, by brand
- Premium Statistic Leading Chinese luxury goods companies 2021, by sales
- Premium Statistic Leading fashion luxury brands based on Media Impact Value in China Q4 2021
- Premium Statistic Most successful luxury brands on Douyin in China 2024
- Premium Statistic Leading luxury fashion brands on Weibo in China Q3 2022
Consumption and consumer perspective
7
- Premium Statistic Share of luxury consumers in China 2022, by gender
- Premium Statistic Share of luxury consumers China 2023, by age group
- Premium Statistic Share of luxury consumers China 2023, by annual consumption
- Premium Statistic Average spending on luxury goods in China 2022, by consumption level
- Premium Statistic Major sources of information for consumers about luxury items China 2023
- Premium Statistic Opinions on buying pre-owned luxury goods among consumers in China 2022
- Premium Statistic Expected changes of luxury goods spending in the next year in China 2023
Further related statistics
17
- Age at first purchase of a personal luxury item in the U.S. 2018
- Reasons for buying personal luxury items second-hand in the U.S. 2018
- Chinese millennials' funding sources for luxury fashion shopping 2017
- Estimated Chinese luxury expenditure 2018-2025, by type
- Estimated Chinese luxury expenditure share 2018-2025, by type
- Main reasons for the latest luxury purchase in China 2019, by age group
- Level of brand loyalty among luxury consumers in China 2019, by age group
- Leading influencing factors offline for luxury purchases in China 2019
- Luxury purchase decision time in China 2019, by consumer age group
- Level of interest in brand events among luxury consumers in China 2019, by age group
- Share of luxury items sales in China 2016, by category
- Leading types of offline shops for luxury products China 2019, by consumer age group
- Frequency of browsing in brick-and-mortar luxury stores in the U.S. 2018
- Areas of luxury consumption in the U.S. 2018
- Share of Chinese luxury consumption abroad and in China 2015-2021
- Market share of global luxury goods sales in 2022, by country
- Share of YEEZY sneaker sales worldwide in 2017, by product name
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Statistics
- Age at first purchase of a personal luxury item in the U.S. 2018
- Reasons for buying personal luxury items second-hand in the U.S. 2018
- Chinese millennials' funding sources for luxury fashion shopping 2017
- Estimated Chinese luxury expenditure 2018-2025, by type
- Estimated Chinese luxury expenditure share 2018-2025, by type
- Main reasons for the latest luxury purchase in China 2019, by age group
- Level of brand loyalty among luxury consumers in China 2019, by age group
- Leading influencing factors offline for luxury purchases in China 2019
- Luxury purchase decision time in China 2019, by consumer age group
- Level of interest in brand events among luxury consumers in China 2019, by age group
- Share of luxury items sales in China 2016, by category
- Leading types of offline shops for luxury products China 2019, by consumer age group
- Frequency of browsing in brick-and-mortar luxury stores in the U.S. 2018
- Areas of luxury consumption in the U.S. 2018
- Share of Chinese luxury consumption abroad and in China 2015-2021
- Market share of global luxury goods sales in 2022, by country
- Share of YEEZY sneaker sales worldwide in 2017, by product name
Bain & Company. (January 17, 2023). Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 with an estimate for 2022 [Graph]. In Statista. Retrieved March 28, 2024, from https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/?locale=en
Bain & Company. "Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 with an estimate for 2022." Chart. January 17, 2023. Statista. Accessed March 28, 2024. https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/?locale=en
Bain & Company. (2023). Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 with an estimate for 2022. Statista. Statista Inc.. Accessed: March 28, 2024. https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/?locale=en
Bain & Company. "Share of Chinese Luxury Consumer Spending in The Global Luxury Market from 2019 to 2021 with An Estimate for 2022." Statista, Statista Inc., 17 Jan 2023, https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/?locale=en
Bain & Company, Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 with an estimate for 2022 Statista, https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/?locale=en (last visited March 28, 2024)
Share of Chinese luxury consumer spending in the global luxury market from 2019 to 2021 with an estimate for 2022 [Graph], Bain & Company, January 17, 2023. [Online]. Available: https://www.statista.com/statistics/1087872/china-consumer-spending-share-in-global-luxury-market/?locale=en