+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Personal Luxury in China

  • PDF Icon

    Report

  • 27 Pages
  • October 2023
  • Region: China
  • Euromonitor International
  • ID: 4825098
Personal luxury retail value sales grew by 15% in 2023 to amount to CNY413.1 billion, thanks to growth recorded by leading brand providers such as LVMH Fashion (Shanghai) Trading Co Ltd, Richemont SA, Cie Financière, and LVMH Moët Hennessy Louis Vuitton SA. Sales growth in 2023 was fuelled by investment in luxury goods such as luxury leather goods and designer apparel and footwear (ready-to-wear) as an alternative asset class.

The Personal Luxury in China report offers a comprehensive guide to the size and shape of the Personal Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Personal Luxury market
  • Pinpoint growth sectors and identify factors driving change
  • Understand the competitive environment, the market’s major players and leading brands
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

PERSONAL LUXURY IN CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Personal luxury sees an increase in current retail value sales in 2023
  • Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
  • Luxury eyewear
  • Retail value sales of luxury jewellery on the up in 2023
  • Positive value growth for luxury leather goods
  • Value sales of luxury wearables electronics increase in 2023
  • Luxury timepieces sees value increase
  • Value sales of writing instruments and stationery fall in 2023
  • Rise in value sales of super premium beauty and personal care seen in 2023
  • LVMH Fashion (Shanghai) Trading Co Ltd leads personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
  • Value sales expected to rise in 2023 constant terms during the forecast period
  • Luxury leather goods set to remain biggest subcategory in value terms in 2028
  • Luxury wearables electronics is expected to see the fastest percentage growth over forecast period
CATEGORY DATA
  • Table 1 Sales of Personal Luxury by Category: Value 2018-2023
  • Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
  • Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
  • Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
  • Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
  • Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN CHINA
EXECUTIVE SUMMARY
  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 8 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2023
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2023
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources