Spending on luxury items in China and worldwide 2008-2025

This statistic compares the annual consumer spending on personal luxury products in China and the rest of the world in selected years from 2008 to 2018, with projections up until 2025. According to data published by McKinsey, Chinese consumers spent around 770 billion yuan on luxury goods in 2018 and the expenditure was forecasted to exceed 1.2 trillion yuan by 2025.

Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2025

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until June 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

April 2019

Region

Worldwide, China

Survey time period

2008 to 2018

Supplementary notes

*Forecast.

Note: 1 yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of May 2019).

Expenditure of other consumers worldwide was calculated by Statista.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

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

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Luxury goods market in China"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.