The luxury sector in Africa generated 6.1 billion U.S. dollars in 2018. By individual markets, South Africa led the ranking, with a revenue of 2.1 billion U.S. dollars. The figure included luxury cars, luxury clothing and accessories, luxury watches, private jets, yachts, and luxury hotels and lodges. In South Africa, Kenya, Egypt, and Morocco, the luxury sector was boosted by a large chain of premium hotels.
Largest luxury markets in Africa as of 2018, by revenue
(in billion U.S. dollars)
Characteristic
Revenue in billion U.S. dollars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
According to the source, "wealth refers to the net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities. It includes all property holdings, including primary residences".
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
AfrAsia Bank. (September 1, 2019). Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank. "Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars)." Chart. September 1, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank. (2019). Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank. "Largest Luxury Markets in Africa as of 2018, by Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2019, https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank, Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/ (last visited August 24, 2024)
Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars) [Graph], AfrAsia Bank, September 1, 2019. [Online]. Available: https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/