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: Innovator Profile: Elyn Helps Apparel Companies Face the Challenge of Online ReturnsGroceryshop 2023 “Shark Reef” Startup Pitch: All You Need To KnowThree Data Points We’re Watching This WeekInnovator Profile: Carbon Maps Address Crucial Environmental Concerns in the Food Industry
