Luxury goods market in the Asia-Pacific region - statistics & facts

The Asia-Pacific region is the largest consumer of personal luxury goods in the world and has become an important segment for global luxury brands. China and Japan alone account for more than half of the luxury goods market value of the region. Japan is one of the most prominent consumers of luxury goods in the world and has the highest average revenue per capita in the Asia-Pacific region. While Japanese customers spend more, there is a much higher number of Chinese customers, making China the largest luxury goods market in the Asia-Pacific region. The Asia-Pacific region is the largest consumer of many of the most valuable luxury brands in the world. Over one-third of LVMH Group’s, the parent corporation of many luxury brands including Louis Vuitton, revenue was generated in the Asia-Pacific region, of which more than half was from fashion and leather goods.

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