According to a survey on luxury goods conducted by Rakuten Insight in the Asia-Pacific region in July 2024, about 57 percent of respondents from the Philippines stated that a main factor for purchasing luxury goods was the high quality. For about 43 percent of respondents in Malaysia, design was one of the leading factors that influenced their purchase of luxury goods.
Leading influencing factors to purchase luxury goods in the Asia-Pacific region as of July 2024, by country or territory
Original question: "What are the main factors influencing you to buy luxury goods? (Choose up to 3 of the most relevant answers)"
Number of respondents in: China: 3,838; Hong Kong: 2,506;Â Indonesia: 10,372;Â India: 20,953;Â Japan: 517;Â South Korea: 4,650;Â Malaysia: 10,081;Â the Philippines: 13,474;Â Singapore: 4,677;Â Thailand: 16,595;Â Taiwan: 10,065;Â and Vietnam: 4,609.
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Rakuten Insight. (September 3, 2024). Leading influencing factors to purchase luxury goods in the Asia-Pacific region as of July 2024, by country or territory [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1494016/apac-factors-to-buy-luxury-goods-by-country/
Rakuten Insight. "Leading influencing factors to purchase luxury goods in the Asia-Pacific region as of July 2024, by country or territory." Chart. September 3, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1494016/apac-factors-to-buy-luxury-goods-by-country/
Rakuten Insight. (2024). Leading influencing factors to purchase luxury goods in the Asia-Pacific region as of July 2024, by country or territory. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1494016/apac-factors-to-buy-luxury-goods-by-country/
Rakuten Insight. "Leading Influencing Factors to Purchase Luxury Goods in The Asia-pacific Region as of July 2024, by Country or Territory." Statista, Statista Inc., 3 Sep 2024, https://www.statista.com/statistics/1494016/apac-factors-to-buy-luxury-goods-by-country/
Rakuten Insight, Leading influencing factors to purchase luxury goods in the Asia-Pacific region as of July 2024, by country or territory Statista, https://www.statista.com/statistics/1494016/apac-factors-to-buy-luxury-goods-by-country/ (last visited December 22, 2024)
Leading influencing factors to purchase luxury goods in the Asia-Pacific region as of July 2024, by country or territory [Graph], Rakuten Insight, September 3, 2024. [Online]. Available: https://www.statista.com/statistics/1494016/apac-factors-to-buy-luxury-goods-by-country/
