The compound annual growth rate of the luxury goods industry in the United Arab Emirates (UAE) witnessed a 25 percent decrease in 2020 during the COVID-19 pandemic. UAE had the highest exposure to tourists they account for 60 percent of the luxury market spending. The global average decline in that year was 23 percent.
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country
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Statistics on Retail sector in the Middle East and North Africa
Overview
4
Retail channels
5
- Premium Statistic E-retail share of retail GCC 2015-2025
- Premium Statistic Share of shopper preference Saudi Arabia 2019-2020, by channel
- Premium Statistic Share of shopper preference UAE 2019-2020, by channel
- Premium Statistic Share of shopping frequency pre COVID-19 MENA 2020, by channel
- Premium Statistic Q-commerce market size in MENA 2018-2024
Food retail
4
Luxury goods retail
4
COVID-19 impact on retail sector
4
- Premium Statistic Online shopping experience pre COVID-19 MENA 2020, by country
- Premium Statistic Share of consumers keeping e-commerce habits post COVID-19 MENA 2020, by gender
- Premium Statistic Share of shopping change post COVID-19 MENA 2020, by channel
- Premium Statistic Ways respondent shopping behavior affected by COVID-19 MENA 2020, by habit
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Statistics
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Bain & Company. (April 14, 2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country [Graph]. In Statista. Retrieved January 28, 2023, from https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company. "Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country." Chart. April 14, 2021. Statista. Accessed January 28, 2023. https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company. (2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country. Statista. Statista Inc.. Accessed: January 28, 2023. https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company. "Compound Annual Growth Rate of Luxury Goods Market in The Gulf Cooperation Council Countries in 2020, by Country." Statista, Statista Inc., 14 Apr 2021, https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company, Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country Statista, https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/ (last visited January 28, 2023)
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country [Graph], Bain & Company, April 14, 2021. [Online]. Available: https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/