In 2011, The Luxury Industry Will Earn 9 Billion 600 Million Euros In China.

2011/11/7 11:55:00 14

Introduction: Recently, the Italy Luxury Goods Association (FondazioneAltagamma) has a global outlook.

Luxury industry

A survey was conducted.

Analysis shows that in 2011, global personal luxury goods (including clothing, accessories, jewelry, watches and cosmetics) will create a turnover of 191 billion euros, an increase of 10% over the same period last year, making the industry look promising for 2012, thanks mainly to the contribution of the BRIC to the industry.

In 2011, the luxury industry will achieve 9 billion 600 million euros in China alone, an increase of 35% over the same period.

Roberto Cavalli

Fashion Show

From a global perspective, the United States will grow by 15% in 2011 after two years of slump, with the turnover of 48 billion 100 million euros as the top spot in the world's luxury market. Japan will take the second place in the total amount of 18 billion 100 million euros.

Italy will rank third in total value of 17 billion 500 million euros.

According to data from the rebate group Globle Blue for Europe, sales of luxury goods in Europe will reach 24 billion euros in 2011, up 26% over the same period last year.

The group responsible person said, "BRIC" has great contribution to the economic growth of the luxury industry, of which Brazil is the fifth largest tax rebate market, and consumption is mainly concentrated in the market.

clothing

And accessories and jewellery grew by 53%.

Tip: BRIC: it was first put forward by Jim ONeil, chief economist of Goldman Sachs, in November 20, 2001, entitled "The World Needs Better Economic BRICs", specifically referring to Brazil (Brazil), Russia (Russia), India (India) and China (China) four countries.

Because the four countries' initial letter "BRICs" sounds similar to bricks, it is called "BRIC".