Nearly Half Of The World'S Luxuries Were Bought By Chinese People.

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Xiaobian of the network introduces the survey that Chinese people buy nearly half of the world's luxury goods.

Chinese customers are leading the world in terms of per capita consumption, and are also the biggest buyers of the tax-free market.

According to a recent survey by the wealth Quality Research Institute, the per capita consumption of Chinese consumers in 2013 was 1508 euros, 3-5 times as much as that of citizens in Europe and the United States.

Chinese buy nearly half of the world's luxury goods. Only 27% of them are purchased domestically, and luxury goods consumption will go further this year.

China's two largest duty-free shop is growing rapidly.

The Institute of wealth and quality is China's first professional research institution and advisory body on the lifestyle of the rich.

In its survey report, from the data released by the top ten tax exempt group in 2013, we can see that the sales growth of the main tax-free groups in last year is good, and many companies maintain double-digit growth. Of them, the sales of DFS with 4 billion 65 million euros ranked first in the whole free tax exemption industry, an increase of 25% over 2012.

This is due to the huge consumption groups and strong consumption power of tourists from Asia, especially the mainland of China.

In addition, China's two Exempt Company have also made great progress. The duty-free sales in 2013 were 882 million euros, up 37% from the previous year, ranking twelfth in the world, the fourteenth place in the group, and 799 million euros in 2013, a 22% increase over 2012, of which Sanya business has brought sustained benefits to the group. Sales increased from 2 billion 27 million yuan in 2012 to 2 billion 815 million yuan in 2013, with an increase of 40%.

73% outflow in luxury consumption

The report shows that in 2013, the average consumption per capita of Chinese consumers was 1508 euros, the first in the world, 3-5 times the number of citizens in Europe and the United States.

In 2013, the Chinese bought 47% of the world's luxury goods, about 102 billion dollars, but only 28 billion dollars of consumption remained in China, and China's luxury consumption outflows 73%.

According to the Institute of wealth quality, the consumption of luxury goods in China will be further shifted overseas this year. Hong Kong and Macao (30%), Europe (22%) and the United States (21%) are the three most important areas for Chinese luxury purchases overseas. Among them, the United States grew 7% over the same period last year, while Europe grew 6% over the same period.

At the same time, the proportion of Chinese consumers buying luxury goods on the mainland decreased by 2% compared with that in 2013, while Hong Kong and Macao decreased by 14%.

Luxury tariffs or drastically reduced

Unlike previous years, although Chinese consumers still like to buy luxury goods in duty-free shops, factory experience consumption is more popular.

The above research institutions found that the proportion of Chinese consumers' duty-free shops in overseas shopping consumption dropped from 65% in 2013 to 62% in 2014, and showed a further downward trend. Factory experience consumption is increasingly favored by high-end consumers, and has gradually become a new type of tourism shopping item.

In the Internet era, the tax-free industry will also expand to the network collectively. However, because of policies and other factors, the duty-free shops will not create a climate.

Globally, mergers and acquisitions in the tax-free industry will rapidly intensify. The advantages of large duty free groups will be more obvious through mergers and acquisitions. Small Exempt Company will be more difficult to survive. By acquiring, they can survive and develop with the advantages of large Exempt Company and the advantages of service networks.

Tax exemption for China

Zhou Ting, President of the Institute of wealth and quality research, said that the duty-free market in China will be difficult to change in the short term. Duty-free lines and the Sino foreign group will continue to monopolize the Chinese tax exempt market and will not produce the real third pole.

From the policy level, the state will verify the advantages and disadvantages of the tax policy through free trade area and other forms of tax exemption pilot and open online shopping regulation, so as to further reduce consumption outflow through appropriate policies.

Hainan Islands tax exempt state will be further liberalized, but it will not be released to other cities and regions, that is, it will not release the duty-free shops in the city.

For the luxury tariff issue that has always been the concern of the industry and consumers, Zhou Ting believes that China's luxury tariffs will be substantially reduced in the next 2-3 years and may be cancelled in the future.

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