According to a survey by Rakuten Insight in July 2024, around 67 percent of respondents in Malaysia got their information about luxury brands' goods through social media channels. Meanwhile, three percent of respondents indicated that they found information on luxury items through newspapers.

Malaysia Luxury Goods Market is segmented by Type (Clothing and Apparel, Footwear, Bags, Jewelry, Watches, and Other Accessories); and Distribution Channel (Single-brand Stores, Multi-brand Stores, Online Stores, and Other Distribution Channels). The report offers market size and forecasts in value (USD million) for all the above segments.

According to a survey by Rakuten Insight in July 2024, 34 percent of female respondents in Malaysia stated that they purchased luxury goods two to three times a year. Meanwhile, 21 percent of male consumers stated that they have never purchased luxury goods.

According to a survey by Rakuten Insight in July 2024, 69 percent of respondents in Malaysia were familiar with the luxury brand Gucci. This was followed by Dior, with brand awareness among 68 percent of respondents. Dior was also the most recognizable luxury brand for female respondents in the country.

According to a survey by Rakuten Insight in July 2024, 49 percent of respondents in Malaysia said they preferred to purchase luxury clothing. In contrast, eight percent of respondents said they prefer to purchase luxury wines and spirits.

According to a survey by Rakuten Insight in July 2024, 56 percent of female respondents in Malaysia said they preferred to purchase luxury cosmetics and skincare. By comparison, 54 percent of male respondents had a high preference toward luxury technology. In the same survey, 49 percent of respondents from both genders said they preferred to buy luxury clothing.

According to a survey by Rakuten Insight in July 2024, around 71 percent of female respondents in Malaysia got the information about luxury brands' goods through social media channels. Meanwhile, two percent of female respondents indicated that they found information on luxury items through newspapers.

According to a survey by Rakuten Insight in July 2024, quality was the main influencing factor for 55 percent of respondents in Malaysia for choosing to purchase a luxury item. This was followed by design and brand value. The same survey revealed that Malaysian respondents mostly purchase luxury clothing.

According to a survey by Rakuten Insight in July 2024, quality was the main influencing factor for the majority of both female and male respondents in Malaysia in their decision to purchase a luxury item. The same survey revealed that Malaysian respondents mostly purchase luxury clothing.

Asia-Pacific Luxury Furniture Market is segmented by product type (lighting, tables, chairs, and sofas; accessories; bedrooms; cabinets; and other product types); end user (residential and commercial); distribution channel (home centers, flagship stores, specialty stores, online, and other distribution channels); and geography (Japan, India, China, Singapore, Malaysia, and other Asia-Pacific countries). The report offers market size and forecasts for the Asia-Pacific luxury furniture market in volume (number of products) and value (USD million) for all the above segments.

Over the forecast period until 2029, the revenue share is forecast to exhibit fluctuations among the two segments. Only in the segment Non-Luxury, a significant increase can be observed over the forecast period. In this segment, the indicator exhibits a difference of 2.45 percent between 2022 and 2029. Find further statistics on other topics such as a comparison of the revenue in Malaysia and a comparison of the revenue in Vietnam. The Statista Market Insights cover a broad range of additional markets.

Among respondents in the U.S., who have looked or bought in second-hand luxury shops within the last three years, 37 percent stated to have purchased clothes there (online or offline), as of 2018. Shoes, bags and accessories (glasses, scarves) were some of the other prestige items purchased in high-end second-hand stores.

Which country is the biggest exporter of used clothes?

United States was the biggest exporter of used clothes worldwide in 2018. The world’s biggest economy sent out second-hand clothes worth US$731.3 million that year, followed by United Kingdom whose trade volume of used clothing amounted to approximately US$550 million. The global apparel resale market is growing at a rapid rate since 2012 and by 2024, it is expected to reach a market value of US$64 billion.

Which country is the biggest importer of used clothes?

In 2018, Pakistan, India and Malaysia were three of the biggest importers of used clothes worldwide: These Asian countries imported second-hand clothing worth of a combined US$703 million that year. The U.S., on the other hand, was the tenth-leading importer of used clothes, having spent US$113.6 during the same period.

According to a survey on luxury goods conducted by Rakuten Insight in the Asia-Pacific region in July 2024, about 57 percent of respondents from the Philippines stated that a main factor for purchasing luxury goods was the high quality. For about 43 percent of respondents in Malaysia, design was one of the leading factors that influenced their purchase of luxury goods.

Significant fluctuations are estimated for all segments over the forecast period for the revenue share. Only in the segment Non-Luxury, a significant increase can be observed over the forecast period. In this segment, the indicator exhibits a difference of 2.4600 percent between 2022 and 2029. Find further statistics on other topics such as a comparison of the revenue in Chile and a comparison of the average revenue per capita in Malaysia. The Statista Market Insights cover a broad range of additional markets.

Comparing the five selected regions regarding the revenue by make in the 'Luxury Cars' segment of the passenger cars market, the United States is leading the ranking (7 billion U.S. dollars) and is followed by Germany with 3.7 billion U.S. dollars. At the other end of the spectrum is Malaysia with 198.67 million U.S. dollars, indicating a difference of 6.8 billion U.S. dollars to the United States. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Romania regarding volume share of different fuel types in the Passenger Cars market as a whole and a ranking of subsegments in Latvia regarding volume share of different fuel types in the Passenger Cars market as a whole. The Statista Market Insights cover a broad range of additional markets.