A global Ipsos survey reveals that people in Asia, the Middle East, and Africa are more willing to spend significant amounts of money on branded goods that enhance their image.
Nigeria ranks first, with 83% of respondents agreeing they would spend more for branded items.
India and China follow closely, each with 78% agreement. Vietnam is fourth at 74%, and Indonesia fifth at 72%.
The survey sampled the top 25 countries. European, Oceanian, and Australian nations fell outside the top 10. For example, Bulgaria showed 64% agreement, New Zealand 57%, Australia 53%, France 52%, Poland 48%, and Germany 47%.
The survey involved 48,579 adults aged 16-75 in 50 countries. Respondents were asked whether they agreed or disagreed with the statement: "I am willing to pay extra for a brand with an image that appeals to me."
Online interviews were conducted from September 23 to November 14, 2022.
Below is the proportion of respondents from each country who agreed they would pay extra for branded goods that enhance their image:
1. Nigeria: 83% of respondents
2. India: 78%
3. China: 78%
4. Vietnam: 74%
5. Indonesia: 72%
6. Arab Countries: 71%
7. Pakistan: 70%
8. Zambia: 69%
9. Hong Kong: 67%
10. Kenya: 65%
11. UAE: 65%
12. Bulgaria: 64%
13. Philippines: 63%
14. Singapore: 63%
15. South Korea: 62%
16. South Africa: 61%
17. Morocco: 60%
18. Malaysia: 59%
19. Brazil: 59%
20. New Zealand: 57%
21. Thailand: 57%
22. Australia: 53%
23. France: 52%
24. Poland: 48%
25. Germany: 47%