The compound annual growth rate of the luxury goods industry in the Gulf Cooperation Council (GCC) countries witnessed a 17 percent decrease in 2020 during the COVID-19 pandemic. The global average decline in that year was 23 percent.
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Retail sector in the Middle East and North Africa
Overview
4
Retail market scores
3
Food retail
4
Retail space
4
Luxury goods retail
4
- Premium Statistic Middle East and Africa's luxury packaging market value 2018-2025
- Premium Statistic Luxury goods market CAGR GCC 2004-2020
- Premium Statistic Share of luxury branded residential real estate projects worldwide 2023, by region
- Premium Statistic Breakdown of global luxury new store openings 2022, by region
Further related statistics
20
- Luxury goods ownership among affluent consumers in Asia 2018, by product
- Luxury shop openings new creations H1 2022
- Italy: export value of fur clothing products 2016, by country
- Visits to purchasing channels for luxury goods in the U.S. 2018
- Italy: import value of the fur clothing industry 2016, by country
- Year-on-year wholesale consumption growth of fur clothing in Italy 2011-2016
- Total retail value of the global luxury goods market 2011-2021
- Italy: leather and fur clothing production value for façon 2011-2016
- Italy: retail production value of fur clothing and accessories 2011-2016
- Luxury retail market value in the United Kingdom (UK) 2008-2018
- Luxury fashion goods: Consumers' purchase locations in the United Kingdom (UK) 2013
- Italy: opinion on fur industry market development in Italy 2016
- Italy: retail consumption value of fur clothing 2011-2016
- Net income of SSI Group Philippines FY2017-FY2021
- Italy: future market development in the fur industry in Italy 2016
- Share of IoT use cases spending MENA 2021, by sector
- Value of imports from EFTA to GCC countries 2017-2018
- Number of nurses and midwives GCC 2018, by country
- HVAC-Rn market share in Saudi Arabia by region 2015-2021
- Capability gap of organizations in the Middle East 2016
Further Content: You might find this interesting as well
Statistics
- Luxury goods ownership among affluent consumers in Asia 2018, by product
- Luxury shop openings new creations H1 2022
- Italy: export value of fur clothing products 2016, by country
- Visits to purchasing channels for luxury goods in the U.S. 2018
- Italy: import value of the fur clothing industry 2016, by country
- Year-on-year wholesale consumption growth of fur clothing in Italy 2011-2016
- Total retail value of the global luxury goods market 2011-2021
- Italy: leather and fur clothing production value for façon 2011-2016
- Italy: retail production value of fur clothing and accessories 2011-2016
- Luxury retail market value in the United Kingdom (UK) 2008-2018
- Luxury fashion goods: Consumers' purchase locations in the United Kingdom (UK) 2013
- Italy: opinion on fur industry market development in Italy 2016
- Italy: retail consumption value of fur clothing 2011-2016
- Net income of SSI Group Philippines FY2017-FY2021
- Italy: future market development in the fur industry in Italy 2016
- Share of IoT use cases spending MENA 2021, by sector
- Value of imports from EFTA to GCC countries 2017-2018
- Number of nurses and midwives GCC 2018, by country
- HVAC-Rn market share in Saudi Arabia by region 2015-2021
- Capability gap of organizations in the Middle East 2016
Bain & Company. (April 14, 2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020 [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company. "Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020." Chart. April 14, 2021. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company. (2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020. Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company. "Compound Annual Growth Rate of Luxury Goods Market in The Gulf Cooperation Council Countries from 2004 to 2020." Statista, Statista Inc., 14 Apr 2021, https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company, Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020 Statista, https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/ (last visited June 10, 2024)
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020 [Graph], Bain & Company, April 14, 2021. [Online]. Available: https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/