In 2018, Chinese spent approximately six billion U.S. dollars on luxury goods in the duty free market in China. This number was estimated to quadruple by 2025, whereas the compound annual growth rate (CAGR) of luxury spending overseas was projected to be only around three percent.
Estimated Chinese luxury spending in 2018 and 2025, by type
(in billion U.S. dollars)
Characteristic
Overseas retail and duty free
China onshore retail
China duty free
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The Moodie Davitt Report. (July 23, 2019). Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report. "Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars)." Chart. July 23, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report. (2019). Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report. "Estimated Chinese Luxury Spending in 2018 and 2025, by Type (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Jul 2019, https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/
The Moodie Davitt Report, Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/ (last visited July 22, 2024)
Estimated Chinese luxury spending in 2018 and 2025, by type (in billion U.S. dollars) [Graph], The Moodie Davitt Report, July 23, 2019. [Online]. Available: https://www.statista.com/statistics/1034894/china-estimated-luxury-spending-by-type/