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: Dick’s Sporting Goods To Acquire Foot Locker: Analyzing Store Overlap, Shopper Penetration and Strategic ReachRetail 2025: India Retail Predictions—Midyear Trends UpdateThe Changing Consumer: Insights Presented by Deborah Weinswig at YPO Retail CEO SummitEarnings Insights 4Q24, Week 3: Gucci Sales Slump 21%, Plus Updates from Ahold, Amazon, Coty and More
