China luxury market to grow 20|30pc this year

Understanding China's Growing Love for Luxury - Amazon S3

By then, China will account for over 20% of the global luxury market, ... growing even faster than spending on luxury goods: 20% of luxury consumers said ...

China's Unstoppable 2020 Luxury Market

The luxury goods market in mainland China will likely achieve 48% growth in 2020, reaching nearly RMB 346 billion. · This increase helped double ...

China's Booming Grey Markets Add Woes to Luxury Brands | BoF

That market, estimated to be worth $57 billion a year, has been fuelled in recent years by the rise of platforms such as DeWu, where luxury ...

China's 'label lust' boosts luxury sector - The Guardian

China remains the fastest-growing luxury market, with sales expected to surge 30% this year, while crisis-hit Japan will start to recover only ...

China Luxury Market Booms on Better Pricing - Caixin Global

China's market for personal luxury goods is set to grow 26% this year, more than six times the global pace, as Chinese consumers continue to ...

China's luxury market expected to grow 4 to 6 percent in 2024

Even modest economic growth in China could mean a windfall for some brands this year and, encouragingly, the very top-tier Chinese client ...

Double-digit growth in luxury sector likely in 2022 - China Daily

Individual luxury spending surged 36 percent in 2021 to nearly 471 billion yuan ($73.59 billion), with some brands gaining a 70 percent odd year ...

Key considerations for luxury brands expanding into China

In fact, mainland Chinese buyers will boost demand for luxury items by 20% in 2023 alone. So, how can fashion and luxury retail brands ...

Luxury Brands Court New Chinese Consumer As Tourism Restarts

After a three-year hiatus, China's reopening will lift luxury goods sales by 20% this year and account for 60% of spending growth by 2030 ...

China's booming grey markets add woes to luxury brands

China's second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some ...

China's luxury market shrank 10 per cent last year - Bain

China's luxury market contracted 10 per cent in 2022 on the year, snapping a five-year streak of high growth.

Luxury fashion consumption in China: Factors affecting attitude and ...

With this massive consumer group, China has become the third largest luxury market in the world (Liao and Wang, 2009). The Chinese market once thought to be ...

Bain & Company study highlights slump in Chinese luxury goods ...

Amid the slowdown in the Chinese luxury market, the study revealed that Japan's personal luxury goods market – worth €33 billion – is likely to ...

What luxury brands need to know before expanding into China

According to a recent Morgan Stanley report, Chinese consumers will make up 60% of total global spending growth on luxury items by 2030. In fact ...

In China, Spending on Luxury Goods Increased by $20 Billion Last ...

Last year saw the country's personal luxury market grow by a whopping 36 percent, according to a new report from Bain & Company (h/t Barrons).

The Potential Luxury Market in Chinese Mainland - eTOC GmbH

After achieving 48% growth in 2020, the Chinese mainland luxury market is expected to achieve 36% growth for the full year 2021, reaching nearly ...

China's Great Reopening Has Commenced. But What Does That ...

And yet, as China reopens its borders to international travel, luxury brands are hoping to get a boost in revenue from Chinese tourists outside ...

China to lead global personal luxury goods market by 2030

The Chinese market for personal luxury products is predicted to reach $61 billion already by the end of this year. In the fairly dynamic post- ...

Daniel Zipser on LinkedIn: China's Luxury Market Set for Moderate ...

Check out latest China luxury perspective by The Business of Fashion's @Tiffany Ap: Expecting moderate growth.

Luxury brands are poised to benefit from China's reopening

With restrictions lifting, Chinese shoppers are expected to splurge on high-end goods, boosting demand by 20% this year, Morgan Stanley finds.