China'S Luxury Consumption Accounts For 20% Of The World'S Total.
Global
Luxury goods
The market again grew by two digits in 2011.
This year's business volume is 191 billion euros, up 10% over the same period.
China's luxury consumption accounts for the whole world
market
20%.
According to foreign media reports, Italy luxury goods manufacturers association "Bain &Company und Fondazione Altagamma" Research Report shows that the long-term development of luxury goods market prospects are very optimistic, before 2014, the average annual growth rate between 6% and 7%.
The sales volume of luxury stores is larger than that of ordinary large stores.
Nearly 30% of global luxury goods sales come from specialty stores.
In terms of sales and growth, mature markets are still crucial for manufacturers.
In 2011, the European market grew by 8% at 7% and the US market.
After several years of decline, luxury sales in Japan began to recover and gradually stabilized last year.
The research report predicts that luxury goods sales in Japan will grow by 2% over the same period last year.
In this way, Japan is the second largest luxury consumer market in the world, second only to the United States.
In terms of product classification, the overall increase in clothing this year is 8%.
Men's wear
For 9%,
Women's wear
It is 7%.
The market for perfume and cosmetics rose by 3%, of which China and Brazil had the largest range.
Decorative luxury items, including shoes and leather goods, increased by 13%.
The largest increase in luxury watches and jewellery was 18%.
Luxury consumption in emerging countries is still growing at an extremely high rate.
In China, the luxury market grew by 35% this year, 20% in Brazil and 12% in the Middle East.
China has already accounted for 20% of the world's total consumption of luxury goods and the consumption of Chinese tourists abroad.
The survey is the tenth time that the association has made a summary of the "luxury market".
The report concludes that 80% of the world's manufacturers will expand their sales in 2011, of which 20% will increase their sales by more than 20%.
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