Question of the Week 1 minuteFree ReportHow 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: March 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales and Traffic Growth Decelerate FurtherWeekly US and UK Store Openings and Closures Tracker 2023, Week 24: UK Openings Up 38%Store Openings and Closures 2023 Review and 2024 Outlook: US and UK Store Tracker Extra—InfographicWeekly US and UK Store Openings and Closures Tracker 2023, Week 29: UK Closures Up 91%