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)
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 December 22, 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 December 22, 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: December 22, 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 December 22, 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/
