Scribd Logo
Upload

Welcome to Scribd!

  • Global Luxury 2023 Datagraphic

    Uploaded by

    Senda Surau
    32 views1 page
    The global luxury goods sector has recovered to pre-pandemic levels overall, but growth has largely come from higher volumes at lower margins in China. Europe is still struggling with recovery due to high inflation. While most luxury segments have rebounded, only leather goods and eyewear have fully recovered to 2014 revenue levels. China now accounts for 21% of global luxury sales, up from just 4% in 2001, while Asia is the most important region for luxury retailers overall.

    Original Description:

    Original Title

    Global_Luxury_2023_datagraphic

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The global luxury goods sector has recovered to pre-pandemic levels overall, but growth has largely come from higher volumes at lower margins in China. Europe is still struggling with recovery due to high inflation. While most luxury segments have rebounded, only leather goods and eyewear have fully recovered to 2014 revenue levels. China now accounts for 21% of global luxury sales, up from just 4% in 2001, while Asia is the most important region for luxury retailers overall.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    32 views1 page

    Global Luxury 2023 Datagraphic

    Uploaded by

    Senda Surau
    The global luxury goods sector has recovered to pre-pandemic levels overall, but growth has largely come from higher volumes at lower margins in China. Europe is still struggling with recovery due to high inflation. While most luxury segments have rebounded, only leather goods and eyewear have fully recovered to 2014 revenue levels. China now accounts for 21% of global luxury sales, up from just 4% in 2001, while Asia is the most important region for luxury retailers overall.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    GLOBAL LUXURY REPORT | INFOGRAPHIC

    Global luxury sector report 2023 The global luxury sector has recovered
    to pre-pandemic levels, but much of that
    The RetailX Ecommerce Sector Report series offers a retail-focused overview of the state of commerce in growth has come from large volumes
    a range of sectors, both globally and by country, blending data from ecommerce and trade associations at lower margins across China. Europe,
    with national and government data, our own research and other sources.
    meanwhile, continues to struggle with
    recovery due to cost-of-living and

    21%
    Sector revenue has recovered from the pandemic
    $245
    inflationary pressures
    Luxury goods revenue by segment (bn USD), 2014-2022
    Prestige Cosmetics 300 61 62 Download the full report:
    57 57
    54
    Global AoV for Of luxury & Fragrances 49 50 53
    67
    51
    64 68 https://internetretailing.
    Luxury Leather Goods 200 67 61 59 59 63 55 net/reports/retailx-
    luxury apparel sales now Luxury Eyewear 49 46 47 50 57 62
    52 63 66
    sector-reports/2023-
    100 97
    in 2022 made in Luxury Watches & Jewelry 86 78 80 83 91 96 86 93
    global-luxury-sector-
    Luxury Fashion 0 report
    China
    20 19 20 19 19 20 16 18 19
    2014 2015 2016 2017 2018 2019 2020 2021 2022
    Source: Statista Consuer Market Insights RetailX 2023

    Regional share of luxury sales Luxury’s Leather Goods and Eyewear only segments to fully recover
    Share of the personal luxury goods
    pre-covid levels
    Luxury goods revenue per capita by Segment (USD), 2014-2022 79% 55%
    market, 2001 Prestige Cosmetics 40 8.3 8.2
    7.7 7.8 7.6
    & Fragrances
    30 6.9 7.0 7.3
    8.6 9.0 6.8
    8.5 8.9 Of luxury of Asian shoppers
    Luxury Watches & Jewelry 9.5 8.6 8.2 8.1 7.4
    Europe Luxury Leather Goods
    20 6.9 6.4 6.5 6.9 7.7 8.4
    7.0 8.3 8.7 sales take see sustainability
    The Luxury Fashion 20 12.2 11.5 12.4 13.0 12.3 12.8
    Americas
    11.0 11.1 11.5
    place in store as important,
    Luxury Eyewear 0
    25% 2.8 2.7 2.8 2.6 2.6 2.6 2.1 2.3 2.5
    31% Most recent update: June2022 2014 2015 2016 2017 2018 2019 2020 2021 2022 while just 14% of
    Source: Statista Consumer Market Insights RetailX 2023

    Europeans do
    Asia is the most valuable region for luxury retailers
    60%
    21% 4%
    7% Rest of the Luxury goods revenue by region (bn USD), 2014-2022
    11% 124
    China World
    Asia 120 112 109
    Japan 100 99 of online
    Europe 100 92 95 94
    90 89 Sponsored by
    85
    Rest of Asia North America
    80 86
    82
    92 80 luxury sales
    79 79 84 72
    78 66 79
    60 71 70 70 72 72 take place on
    Source: Worldwide; Bain &
    RetailX 2023
    2014 2015 2016 2017 2018 2019 2020 2021 2022 mobile
    Company;2021 Source: Statista Consumer Market Insights RetailX 2023

    RetailX | January 2023 RetailX 2023

    You might also like