The Global Demand for Luxury Goods: Export Opportunities
Introduction The luxury goods market is undergoing excellent growth all over the world, due to the increasing disposable incomes and the growing number of wealthy consumers. Luxury items, such as designer clothes and watches, as well as luxury beauty and lifestyle products, are experiencing growing demand both in the old and new markets. To businesses intending to venture into international trade, it is important to conduct an analysis of luxury goods export data . It underlines what markets are importing luxury goods, the types of products being demanded, and the possibility of reaching confirmed international customers. The digital platform, social media, and e-commerce have only enhanced the visibility of luxury brands, and through them, exporters are able to display products to the rest of the world. These trends, together with the increasing desire of consumers towards sustainability, artisanship, and exclusivity, are generating profitable prospects in the export of luxury...