Leading luxury consumption cities China 2023

Published by
Xin Ou,
Mar 19, 2024

In 2023, Shanghai became the largest luxury market in China, with a total consumption of about 53.5 billion yuan. Beijing ranked the second with 52.3 billion yuan. Hangzhou took the fourth place in this ranking, but ranked first in terms of average luxury consumption.

Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan)

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Release date

January 2024

Region

Asia, China

Survey time period

2023

Supplementary notes

Figures have been rounded.

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of March 2024).

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Overview

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Market segments

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Consumption and consumer perspective

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Topics

Luxury goods market in ChinaGlobal personal luxury goods industryLuxury marketing in ChinaLuxury goods in EuropeChow Tai Fook Jewellery Group
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