Rapid expansion Commerce US President Donald Trump keeps Risk of the Recovery of the World Luxury Department. With the rise of the latest charges Trump up to 245% against ChinaThe issues of the world luxury sector may be far from ending. It is possible World Luxury Department grows 1% to 3% annually between 2024 and 2027According to the latest reportD McCincy.
This is compared to the field of personal luxury products, which include Leather, fashion, jewelry and clock articles, which grow between 2019 and 2023 annually between 5% and 9% per year between 2021 and 2023Said McCinzi.
According to the Bank of America, US consumer represented about 21% of world income In 2024, the luxury department, Pay and the company estimated it China is referred to 22% to 24% World luxury consumption in 2023. Shoes, leather bags and products and beauty products are some of the most consumed luxury products in both markets.
In the United States, Gucci and Louis Vuitton were some major brands, while Channel, Dior and Burberry were also popular. Two of the most consumed luxury brands in Channel and Dior ChinaThere, Prada, Louis Vuitton, Rolex and Herms recorded strong sales.
How can fees affect the world luxury sector?
The World Luxury Department has suffered a lot In recent months, the global economy and China have created consumers from the recession Significantly reduce costs for high -final products.
Life cost In different parts of the world, mainly due to a mixture Inflation and high interest ratesSevere additional luxury purchase because consumer has paid more attention to bargaining and buying durable products.
During the last length of the infection, when the demand was shot, many luxury companies raised their prices and their production. However, Innovation and creative strategies failed to retain speedIt erodes a portion of the uniqueness and attractiveness associated with these products.
On the other hand, big luxury groups like small bouts and growing brands Miu Miu de Prada, they enjoy the request boom. In recent times, products towards well -being and luxury experiences are harmful.
Conceptuals America’s ads and charges changes In recent days They have overthrown billions of stock markets around the world and have severely affected consumers’ confidence. This can have a very durable effect in the luxury industry.
At this time, China’s fees are 125% compared to the US245% below the American. The United States imposed a 20% global fee against the EU, but It has reduced to 10% for 90 days. It adds 25% fees Steel and aluminum And cars for the EU.
Lulullamon athletics activities have already fallen 20.7% in Nastag last month Brada Group fell 23.4% in Hong Kong bag During the same period. In Paris, the Euronect Stock Exchange fell 26.3% last month, and LVMH fell 19.9% in the same period.
LVMHIs generally considered to be especially for the luxury sector, He saw how his total income fell by 2%to 20.3 billion in the first quarter of 2025. The income of their fashion and leather products section fell by 4%, while they were stagnant in the branch of perfumes and cosmetics. The company’s wines and the liquor unit met the hard feet, the first quarter of income declined by 8%, while watches and jewelery advanced 1%.
The US also imports a series of luxury products from the EU Wines and wine, cheese, chocolate, high -final clothes, furniture and carsAmong other things. Although the US global fees are still low in front of the EU, the limit of imported goods This will cause a number of expensive increases that will be transferred to the consumerWho can reduce these purchases.
The luxury industry has the most opaque and comprehensive distribution chain, which means that there are many High hidden costs due to feesBecause production parts travel between countries and continents.
Can the demand for luxury likeness increase the fees?
Against Trump’s charges China They have led to the use of social media sites like some Chinese manufacturers Dictog to persuade consumers to buy hues of luxury productsBirkin bags and lulleemon are like mesh directly from its factories.
These producers who often claim to be the manufacturers of the original teams for world luxury brands Hue to a price frame The real brand, they suggest that they are made of the same labor, high quality products and equipment.
However, These statements are unfounded. Despite this, a Chinese total market dhgate online, He has reached second place in Apple’s application shop in the United States.