Personal Luxury in the Philippines
Following the significant declines in sales of premium and luxury cars in the Philippines in 2020 in line with pandemic-induced restrictions such as enforced closures of dealerships, some easing of various measures in 2021 resulted in a more positive performance for the category, although overall demand remained well below pre-pandemic levels. While volume and value sales figures are still struggling to fully recover in 2022, a second consecutive year of double-digit growth is bringing overall d...
Euromonitor International's Personal Luxury in Philippines report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Personal Luxury 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.
- Personal Luxury in the Philippines
- Euromonitor International
- August 2022
- List Of Contents And Tables
- 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 1 Sales of Personal Luxury by Category: Value 2017-2022
- Table 2 Sales of Personal Luxury by Category: % Value Growth 2017-2022
- Table 3 NBO Company Shares of Personal Luxury: % Value 2017-2021
- Table 4 LBN Brand Shares of Personal Luxury: % Value 2018-2021
- Table 5 Distribution of Personal Luxury by Format: % Value 2017-2022
- Table 6 Forecast Sales of Personal Luxury by Category: Value 2022-2027
- Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027
- 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 8 Sales of Luxury Goods by Category: Value 2017-2022
- Table 9 Sales of Luxury Goods by Category: % Value Growth 2017-2022
- Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
- Table 11 NBO Company Shares of Luxury Goods: % Value 2017-2021
- Table 12 LBN Brand Shares of Luxury Goods: % Value 2018-2021
- Table 13 Distribution of Luxury Goods by Format and Category: % Value 2022
- Table 14 Forecast Sales of Luxury Goods by Category: Value 2022-2027
- Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
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