Second-hand luxury market revenue Asia 2017-2027

The revenue of the second-hand luxury goods market in Asia (excluding GCC) was estimated to be worth around 1.28 billion U.S. dollars in 2021, with Eastern Asia accounting for roughly 60 percent of the total market revenue. According to Statista estimates, the Asian second-hand luxury goods market is set to see an increase, reaching over four billion U.S. dollars by 2027.

Estimated revenue of the second-hand luxury goods market in Asia from 2017 to 2021, with a forecast up to 2027 (in million U.S. dollars)

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Release date

February 2022

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Region

Asia

Survey time period

2022

Supplementary notes

About methodology: second-hand luxury good market is defined as luxury products of the leading luxury goods brands in the apparel, footwear, leather goods, jewelry, watches, and eyewear segment purchased via second-hand channels. Premium products and fragrances are not included in the model. Revenue estimates and forecasts were based off on Statista’s primary research (Global Consumer Survey) and other primary data from the Statista platform as well as third-party data sources in the luxury goods market.

Figures exclude Gulf Cooperation Council (GCC).

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