Despite a decade of rapid growth, China's luxury market is expected to shrink by about 10 percent in 2022. In 2021, luxury goods retail revenue in China reached approximately 470 billion yuan. However, consumer confidence was affected by the global economic crisis and the country's strict COVID-19 regulations.
Domestic sales revenue of personal luxury goods in mainland China from 2015 to 2021 with an estimate for 2022
(in billion yuan)
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Bain & Company. (February 7, 2023). Domestic sales revenue of personal luxury goods in mainland China from 2015 to 2021 with an estimate for 2022 (in billion yuan) [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/702753/personal-luxury-goods-revenue-in-china/
Bain & Company. "Domestic sales revenue of personal luxury goods in mainland China from 2015 to 2021 with an estimate for 2022 (in billion yuan)." Chart. February 7, 2023. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/702753/personal-luxury-goods-revenue-in-china/
Bain & Company. (2023). Domestic sales revenue of personal luxury goods in mainland China from 2015 to 2021 with an estimate for 2022 (in billion yuan). Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/702753/personal-luxury-goods-revenue-in-china/
Bain & Company. "Domestic Sales Revenue of Personal Luxury Goods in Mainland China from 2015 to 2021 with An Estimate for 2022 (in Billion Yuan)." Statista, Statista Inc., 7 Feb 2023, https://www.statista.com/statistics/702753/personal-luxury-goods-revenue-in-china/
Bain & Company, Domestic sales revenue of personal luxury goods in mainland China from 2015 to 2021 with an estimate for 2022 (in billion yuan) Statista, https://www.statista.com/statistics/702753/personal-luxury-goods-revenue-in-china/ (last visited December 24, 2024)
Domestic sales revenue of personal luxury goods in mainland China from 2015 to 2021 with an estimate for 2022 (in billion yuan) [Graph], Bain & Company, February 7, 2023. [Online]. Available: https://www.statista.com/statistics/702753/personal-luxury-goods-revenue-in-china/
