In 2023, Chinese consumers spent 607.7 billion yuan in total on luxury goods in the domestic market, up approximately 11 percent from 547.5 billion yuan in 2022. China's luxury market has remained strong over the past decade. Domestic luxury consumption of Chinese consumers has surpassed their overseas luxury consumption since 2020.
Domestic luxury consumption of Chinese consumers from 2013 to 2023
(in billion yuan)
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Tencent. (January 19, 2024). Domestic luxury consumption of Chinese consumers from 2013 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/808235/china-luxury-goods-consumption/
Tencent. "Domestic luxury consumption of Chinese consumers from 2013 to 2023 (in billion yuan)." Chart. January 19, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/808235/china-luxury-goods-consumption/
Tencent. (2024). Domestic luxury consumption of Chinese consumers from 2013 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/808235/china-luxury-goods-consumption/
Tencent. "Domestic Luxury Consumption of Chinese Consumers from 2013 to 2023 (in Billion Yuan)." Statista, Statista Inc., 19 Jan 2024, https://www.statista.com/statistics/808235/china-luxury-goods-consumption/
Tencent, Domestic luxury consumption of Chinese consumers from 2013 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/808235/china-luxury-goods-consumption/ (last visited November 21, 2024)
Domestic luxury consumption of Chinese consumers from 2013 to 2023 (in billion yuan) [Graph], Tencent, January 19, 2024. [Online]. Available: https://www.statista.com/statistics/808235/china-luxury-goods-consumption/
