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: Analyst Corner: The Brave New World of Agentic Shopping, with John HarmonWeekly US Store Openings and Closures Tracker 2026, Week 6: US Store Closures Cross 2,000Weekly US Store Openings and Closures Tracker 2025, Week 34: Car Toys Takes Year-to-Date Retail Bankruptcies Total to 24Economic Optimism at Five-Month Low; Holiday Shopping Slows: US Consumer Survey Insights
