As you may already know, China and India are currently the two most populous countries in the world. According to IDB, China’s population was around 1.34b while India was around 1.17b. Putting things in perspective, the United States which is the 3rd most populous country in the world, has only 3.1m residents.
The same site revealed that there are 7 Asian countries in the top 10 of the world’s most populous countries. The remaining 3 are US, Brazil and Nigeria.
Having a large population does not guarantee that the demand of cufflinks from these countries will be high. That is because cufflinks are considered luxury items. Most of the people in emerging countries are more occupied with basic necessities like food and healthcare.
But in the recent years, we have seen some of these countries’ economy expanding at a very rapid pace. China is now the 3rd largest economy in the world after US and Japan. According to many studies, it is a matter of time before the Chinese will be 2nd and eventually 1st. Similarly, India’s economy have also been growing significantly and will continue to do so in the near future.
With a growing and expanding economy, there will be more wealthy people in these countries. As such, their spending behavior will shift from basic necessities to luxury goods. One luxury item that is expected to be in demand is the cufflinks.
In fact, the chinese and indians are already two of the largest manufacturers of cufflinks in the world. It is therefore very easy for their citizens to be acquainted the accessory.
Watch out for these Asian countries with large population. I believe the demand for cufflinks from them will exceed that of the West pretty soon.