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2017-12-13
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Growth for Polish Luxury Goods Market
2017-12-13
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Compared to 2016, a recent study believes the Polish luxury goods market will grow by around 15% this year alone. Today, there are now over one million ‘wealthy’ people in Poland and the study suggests they’ll pay €5 billion on luxury products during the course of this year. In case you were unaware, €1,700 is currently the monthly income required to be considered ‘wealthy’.
In terms of assets, it’s thought that 57,000 people in the country have assets totalling $1 million. As we refine the search further, only 203 people have assets above $100 million. However, these numbers are always expanding and this is why KPMG has predicted the value of the luxury goods niche to grow to PLN 31 billion by 2021.
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