Asia-Pacific: revenue of luxury fashion 2023

From the selected regions, the ranking by revenue in the 'Luxury Fashion' segment of the luxury goods market is led by China with 16 billion U.S. dollars and is followed by Japan (9.4 billion U.S. dollars). In contrast, the ranking is trailed by Pakistan with 332.08 million U.S. dollars, recording a difference of 15.7 billion U.S. dollars to China.

Find other insights concerning similar markets and segments, such as a ranking by country regarding revenue in the prestige cosmetics & fragrances segment of the luxury goods market and a ranking by country regarding revenue in the luxury leather goods segment of the luxury goods market.

The Statista Market Insights cover a broad range of additional markets.

Revenue of luxury fashion in the Asia-Pacific region in 2023, by country (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Insights Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.

Structure:

The Luxury Fashion is divided into 2 markets:

Luxury Apparel includes designer clothing and clothing accessories (scarves, belts, hats etc.) that are made “ready-to-wear” and luxury segments and brands of the companies covered.
Luxury Footwear includes leather footwear, athletic footwear and sneakers as well as textile footwear, sandals and other shoes and luxury segments and brands of the companies covered.

Additional Information:

The shown market data are based on an analysis of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, fashion goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The key players are LVMH (with brands such as Louis Vuitton, Fendi or Loro Piana), Kering (Gucci, Balenciaga, Saint Laurent and other brands), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).

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