In 2023, Shanghai became the largest luxury market in China, with a total consumption of about 53.5 billion yuan. Beijing ranked the second with 52.3 billion yuan. Hangzhou took the fourth place in this ranking, but ranked first in terms of average luxury consumption.
Leading cities in terms of total luxury consumption in China in 2023
(in billion yuan)
Characteristic
Yearly consumption in billion yuan
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Ta Kung Pao. (January 18, 2024). Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan) [Graph]. In Statista. Retrieved September 17, 2024, from https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao. "Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan)." Chart. January 18, 2024. Statista. Accessed September 17, 2024. https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao. (2024). Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan). Statista. Statista Inc.. Accessed: September 17, 2024. https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao. "Leading Cities in Terms of Total Luxury Consumption in China in 2023 (in Billion Yuan)." Statista, Statista Inc., 18 Jan 2024, https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao, Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/ (last visited September 17, 2024)
Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan) [Graph], Ta Kung Pao, January 18, 2024. [Online]. Available: https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
