The revenue of the second-hand luxury goods market in Asia (excluding GCC) was estimated to be worth around four billion U.S. dollars in 2023, with Eastern Asia accounting for roughly 81 percent of the total market revenue. According to Statista estimates, the Asian second-hand luxury goods market is set to see an increase, reaching over 5.8 billion U.S. dollars by 2028.
Estimated revenue of the second-hand luxury goods market in Asia from 2014 to 2022, with a forecast up to 2028
(in million U.S. dollars)
About methodology: second-hand luxury good market is defined as luxury products of the leading luxury goods brands in the apparel, footwear, leather goods, jewelry, watches, and eyewear segment purchased via second-hand channels. Premium products and fragrances are not included in the model. Revenue estimates and forecasts were based off on Statista’s primary research (Global Consumer Survey) and other primary data from the Statista platform as well as third-party data sources in the luxury goods market.
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Statista. (October 1, 2023). Estimated revenue of the second-hand luxury goods market in Asia from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1316115/secondhand-luxury-market-revenue-asia/
Statista. "Estimated revenue of the second-hand luxury goods market in Asia from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars)." Chart. October 1, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1316115/secondhand-luxury-market-revenue-asia/
Statista. (2023). Estimated revenue of the second-hand luxury goods market in Asia from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1316115/secondhand-luxury-market-revenue-asia/
Statista. "Estimated Revenue of The Second-hand Luxury Goods Market in Asia from 2014 to 2022, with a Forecast up to 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Oct 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1316115/secondhand-luxury-market-revenue-asia/
Statista, Estimated revenue of the second-hand luxury goods market in Asia from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1316115/secondhand-luxury-market-revenue-asia/ (last visited November 10, 2024)
Estimated revenue of the second-hand luxury goods market in Asia from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) [Graph], Statista, October 1, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1316115/secondhand-luxury-market-revenue-asia/
