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:

The "Coffee and Milk" Index Fell in Russia by 4.5%
Vkontakte Launched New Service for Businessmen
The State Duma has Permitted to Pay Taxes on Land, Property and Transport in Advance
The Ministry of Finance of Russia has Placed New 11-year Eurobonds
The Bank of Russia has Conducted a Survey of Microlenders

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Suzdal  Moscow  Russian fashion designer  Rostov  Expedition to the Antarctic  Russian history  Yuryev-Polsky  Kaliningrad Region  Russian Geographic Society  Russian business  Clement Troubetzkoy  Russian companies  IT  Russian banks  Kabardino-Balkaria  Carpentry  Tsaritsyno  Russian parliament  Russian directors  Jerusalem  atmospheric science  Veniamin Belkin  Russian education  Russian tourism  La Roux  Archeology  Mirax Group  Exhibitions in Moscow  Mercedes-Benz Fashion Week Russia  Russian sportsmen  St. Petersburg  Photo Exhibitions  oil to China  e-commerce in Russia  Russian Cinema  Russian regions  Concerts in Saint Petersburg  Rokot  The First Settler Monument  health  Peterhof  Russian websites  Russian rulers  Film service  crisis  Leo Bakst  Naschokins House  Azov  Russian Literature 

Travel Blogs
Top Traveling Sites