Question of the WeekHow Much Do Chinese Consumers Contribute to the Global Luxury Goods Market? Coresight Research February 17, 2020 QUESTION OF THE WEEK: How Much Do Chinese Consumers Contribute to the Global Luxury Goods Market? Chinese consumers accounted for 35% of total worldwide sales of personal luxury goods in 2019, up from 33% in 2018; Bain forecasts this share to reach 46% in 2025. Using Bain data, Coresight Research estimates that 70% of the total luxury spend by Chinese consumers in 2019 was outside of China. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 28: US Retail and Consumer LatestAnalyst Corner: Five Back-to-School Shopping Trends to Watch, with Madhav PitaliyaAnalyst Corner: Three Key Predictions for India Retail in 2025, with Sujeet NaikEarnings Insights 1Q25: Wrap-Up—Growth Outpaces Declines Across Most Sectors
