Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia is among fastest growing luxury markets
21.05.2012 09:32
Russia is among fastest growing luxury markets

Russia, India and China are ranked the fastest growing luxury markets in the world, informs The Vedomosti, referring to the Luxury Goods Worldwide Market Study by the business advisor Bain & Company. The growth sales in theses counties is expected to reach 18-20%.


The annual sales of luxury goods in Russia vary from 5 up to 7 billion Euro. It is rather impossible to estimate it correctly in the country as the key players do not disclose their rates.


The Russians prefer to buy the most amounts of luxury goods abroad. Still there is a tendency to transfer the luxury consumption into the inner market, what will let to announce 70% of consumption at the home market in the recent years.


According to the March survey by McKinsey, alcoholic drinks, such as Vodka for more than $70 for a bottle and other alcohol for more than $80 for a bottle, takes 45% of the luxury sales in Russia.


Clothes takes 36% of the luxury sales in Russia, the share of jewellery, watches, electronic devices is just 3%.



Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

Sberbank Launched a New Mortgage Campaign
Total Demand For Cash Currency Grew By 29 Percent
Almost 300 Thousand Cars Were Withdrawn In Russia
Sberbank Will Cooperate With United Engine Corporation
Capital Outflow From Russia Decreased

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian economy  Moscow  Aurora  Religions  Russian Literature  Russian history  2014 Winter Olympics  Fashion  Russian courts  Exhibitions in Moscow  Mineralnye Vody Airport  Russian tourism  Mercedes-Benz Fashion Week Russia  Znamenka  Evgeny Kondakov  Awards  Russian shops  Nikolai Valuev  A5 Group  Russian children  Russian sportsmen  VTB  The Year of Literature  Russian football  famous Russians biographies  Archeology  Dmitri Hvorostovsky  Night of Arts Festival  censorship in Russia  Gagarin Cup  Moscow Metro  Altay Krai   Victory Day  Russian rouble  Painting  Russian Cinema  Pyotr Tchaikovsky  education  Cancer  Primorsky Territory  Vladislav Galkin  Russian business  Inbound tourism  Chelyabinsk Region  John Lennon  Russian beaches  Russian Actresses  Gorky Park  Eurovision  illegal immigration 

Travel Blogs
Top Traveling Sites