Luxury Goods in Indonesia
Retail value sales of luxury goods in Indonesia grew by 11% in 2023 in current terms to amount to IDR36.3 trillion. Retail value sales in the luxury goods market in Indonesia in 2023 rose at a faster rate than the CAGR seen over the review period as a whole, with the latter rising by 3% in current value terms. In addition to a return to more normal spending after the pandemic, the acceleration of the market’s expansion was in part due to rising inflation in Indonesia, which stood at 4% in 2023.
Euromonitor International's Luxury Goods in Indonesia report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
- Luxury Goods in Indonesia
- Euromonitor International
- October 2023
- List Of Contents And Tables
- LUXURY GOODS IN INDONESIA
- EXECUTIVE SUMMARY
- Luxury goods in 2023: The big picture
- 2023 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2018-2023
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2018-2023
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
- Table 4 NBO Company Shares of Luxury Goods: % Value 2018-2023
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2019-2023
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2023
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2023-2028
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
- EXPERIENTIAL LUXURY IN INDONESIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Current retail value sales of experiential luxury on the rise in 2023
- Luxury hotels records the highest value increase within the category overall in 2023
- Host Marriott Corp is the leading player within experiential luxury in 2022
- PROSPECTS AND OPPORTUNITIES
- Retail value sales rise over the forecast period
- Luxury hotels registers the strongest growth over the forecast period
- Government seeks to lure digital nomads to Bali with tax break
- CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2018-2023
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2018-2023
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
- FINE WINES/CHAMPAGNE AND SPIRITS IN INDONESIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Fine wines/champagne and spirits sees rising current retail value sales in 2023
- Fine wines is the largest category in fine wines/champagne and spirits in value sales in 2023
- Fine wines/champagne and spirits is led by LVMH Moët Hennessy Louis Vuitton SA in 2022
- PROSPECTS AND OPPORTUNITIES
- Value sales of fine wines/champagne and spirits increase in constant 2023 terms over the forecast period, though domestic demand is hampered by government liberalisation reversal plans
- Luxury spirits is the most dynamic category over the forecast period
- In spite of increased regulation, retail e-commerce is now a well-established distribution channel
- CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2018-2022
- Table 18 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2018-2023
- Table 19 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2023-2028
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2023-2028
- PREMIUM AND LUXURY CARS IN INDONESIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Premium and luxury cars records positive current retail value sales growth in 2023
- More premium and luxury cars go electric with expansion of charging stations in response to growing demand for environmentally-friendly vehicles
- Premium and luxury cars is led by Daimler AG in 2022
- PROSPECTS AND OPPORTUNITIES
- Value sales of premium and luxury cars rise over the 2023-2028 period
- Growth in retail e-commerce as consumers buy more big-ticket items online, with sales also boosted by more geographically diverse demand
- Growing presence of electric cars in premium and luxury cars over the forecast period
- CATEGORY DATA
- Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
- Table 22 Sales of Premium and Luxury Cars by Category: % Value Growth 2018-2023
- Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2023
- Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 25 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
- Table 26 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
- PERSONAL LUXURY IN INDONESIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Personal luxury sees rising current retail value sales in 2023, while Dior makes a comeback at the Four Seasons Jimbaran Bay
- Designer apparel and footwear (ready-to-wear) characterised by designer apparel (ready-to-wear)
- Luxury eyewear enjoys growing popularity and rising value sales thanks to changes in fashion, although counterfeit continues to threaten category sales
- Retail value sales of luxury jewellery increase in 2023 thanks to the resumption of society
- Luxury leather goods sees positive value growth in 2023
- Luxury timepieces enjoys value sales increase in 2023
- Value sales of writing instruments and stationery on an upward trend in 2023
- Value sales of super premium beauty and personal care rise in 2023
- Kering SA leads personal luxury in 2022
- PROSPECTS AND OPPORTUNITIES
- Value sales rise in 2023 constant terms over the forecast period
- Designer apparel and footwear (ready-to-wear) remains the largest category in value terms in 2028
- Super premium beauty and personal care is the most dynamic category over the forecast period
- CATEGORY DATA
- Table 27 Sales of Personal Luxury by Category: Value 2018-2023
- Table 28 Sales of Personal Luxury by Category: % Value Growth 2018-2023
- Table 29 NBO Company Shares of Personal Luxury: % Value 2018-2023
- Table 30 LBN Brand Shares of Personal Luxury: % Value 2019-2023
- Table 31 Distribution of Personal Luxury by Format: % Value 2018-2023
- Table 32 Forecast Sales of Personal Luxury by Category: Value 2023-2028
- Table 33 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
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