Luxury Goods in the Philippines

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,210	38 Pages	Euromonitor International	August, 2022	EP17340351

Attention: There is an updated edition available for this report.

Best Price Guarantee
Price	from $1,210
Length	38 Pages
Publisher	Euromonitor International
Published Date	August, 2022
SKU	EP17340351

Luxury Goods in the Philippines

Value sales of luxury goods continue to recover in 2022, supported by the fact that most restrictions in the Philippines have been lifted (with restrictions for children being the last to be lifted towards the end of 2021 and schools aiming to return to in-person learning in the 2022 autumn school year). However, despite predictions for a second consecutive year of double-digit current value growth in 2022, most categories of luxury goods are struggling to fully recover to pre-pandemic levels du...

Euromonitor International's Luxury Goods in Philippines 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 2026 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 the Philippines
Euromonitor International
August 2022
List Of Contents And Tables
LUXURY GOODS IN THE PHILIPPINES
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA: Table 1 Sales of Luxury Goods by Category: Value 2017-2022; Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022; Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022; Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021; Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021; Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022; Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027; Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES: Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Domestic consumers boost growth through luxury hotels
Resumption of hotel openings
Staycations are part of “new normal” in 2022
PROSPECTS AND OPPORTUNITIES
Return of overseas tourists to support further growth
Drop in exchange rate to help support international tourist spending and domestic purchases
Health and safety concerns to shift demand to luxury hotels
CATEGORY DATA: Table 9 Sales of Experiential Luxury by Category: Value 2017-2022; Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022; Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021; Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021; Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027; Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
FINE WINES/CHAMPAGNE AND SPIRITS IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Rebound with increase in celebration opportunities
Rise of digital sales within the category
Local brands invest in marketing strategies including premiumisation of portfolios within luxury whiskies
PROSPECTS AND OPPORTUNITIES
Reopening of whiskey bars to help educate and drive stronger retail purchases for at-home consumption
Craft and artisanal spirits gain support from social media
Growth further supported by alcohol-focused online specialists
CATEGORY DATA: Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022; Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022; Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021; Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021; Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022; Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027; Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
PREMIUM AND LUXURY CARS IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Normalisation and back-to-work activities support growth of premium and luxury cars
Manufacturers provide support for higher-end vehicles
Growing demand for electric vehicles
PROSPECTS AND OPPORTUNITIES
Greater incentives by government to help spur growth
Continuing focus on personalisation
Growth of ultra-high-net-worth individuals to support demand for premium and luxury cars but discounts will prevail
CATEGORY DATA: Table 22 Sales of Premium and Luxury Cars: Value 2017-2022; Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022; Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021; Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021; Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027; Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
PERSONAL LUXURY IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Designer apparel and footwear trends towards expensive but staple pieces
Luxury eyewear sees demand for more expensive durable frames
Luxury jewellery growth supported by resumption of formal events and celebrations
Resurgence of social gatherings and hybrid work support luxury leather goods
Dynamic niche of luxury wearables with new products entering the electronics space
Luxury timepieces perceived as an investment by local affluent consumers
Luxury writing instruments and stationery growth stems from gifting opportunities
E-commerce supports growth of super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
Disruptions in digital technology to continue for personal luxury
Sustainability could become strong focus for consumers in the future
Unbranded smaller players have potential to gain share
CATEGORY DATA: Table 28 Sales of Personal Luxury by Category: Value 2017-2022; Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022; Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021; Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021; Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022; Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027; Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027