The United States is the overwhelming market leader in luxury goods. You can also see that west European countries are dominating in Europe. China is still far away from Japan but speeding up its market performance. However, you should see the difference between China and Hong Kong, which is actually not so large when you compare the Chinese population 1.3 billion to Hong Kong's population a little bit over 7 million people. Hong Kong seems to be an important shopping destination for Chinese citizens. Here are the top eleven countries and areas. You must remember that European brands are dominating the whole luxury sector.
Published in Luxury Sales Academy.