Personal Accessories

In the challenging economic climate of 2023, personal accessories is navigating a landscape marked by hyperinflation and economic uncertainty. The slowing of sales growth observed in the latter half of 2022 appears to be continuing in 2023, as…

In 2023, Taiwan's personal accessories industry experienced strong current retail value growth, driven by notable trends. The demand for bags and luggage rose, with consumers seeking high-quality, fashionable options, with many showing a preference…

Continuing high inflation and financial constraints derived from the unstable global economy have discouraged consumer spending on discretionary items, which is set to result in slower retail volume and current value growth for personal accessories…

Personal accessories is anticipated to experience subdued growth in 2023, influenced by factors such as inflation, increased energy costs, and higher taxes, leading to a dampened demand. This slower recovery follows a previous year of rapid growth.…

Higher consumer spending due to urbanisation, more online and offline retail opportunities due to high economic activity, and a growing interest in personal style and expression as a response to long periods of COVID-19 lockdowns are set to drive…

Following the extraordinary growth witnessed by personal accessories in 2021, buoyed by the release of pent-up demand and accumulated savings, current value growth slowed to single digits in 2022, although performances varied by category, and the…

During 2023, many consumers in South Africa have been experiencing tough economic conditions. As a result, they have been cutting back on their discretionary spending due to lower disposable incomes. Similarly, consumers have been prioritising the…

In 2023, growth of personal accessories in the United Arab Emirates remains substantial, although the performance of the industry is uneven; with luxury brands outpacing their mass counterparts. In fact, across all personal accessories categories,…

In 2023, the revival of tourism and increased foot traffic among local consumers played a pivotal role in the rebound of personal accessories in Hong Kong. High-end products experienced a noteworthy resurgence, driven by the resilient spending power…

Personal accessories is anticipated to keep expanding in retail volume terms in the UK in 2023, due to continued indulgence amongst consumers in the country, as well as the resurgence and growth of inbound tourism. While sales are also anticipated to…

The pandemic catalyses industry consolidation, increasing the top 10 players' share. Luxury brands thrive initially, but a sector slowdown opens doors for non-luxury players. Asia Pacific garners attention, with regional giants gaining global…

After moderate growth in 2022, global sales of personal accessories grew more strongly in 2023; however, geopolitical issues ,the cost of living crisis and China’s slow recovery suggest a challenging macro environment, pushing personal accessories…

Global sales of personal accessories rebounded in 2023, driven largely by price increases due to high inflation, with volume sales posting a more modest increase. Retail offline dominates global personal accessories sales; however, e-commerce gained…

LVMH sales in personal accessories returned to pre-pandemic levels in 2021 and continue to grow in 2022 despite the challenging global environment. Asia Pacific is the largest contributor to company sales in 2019-2022, followed by North…

In early March 2021, Euromonitor International published revised forecasts for personal accessories for 2021 and throughout to 2025, considering the implications of the novel coronavirus (COVID-19). A strong rebound is expected in 2021 across all…

In early November 2020 Euromonitor International published revised forecasts for personal accessories for 2020 to 2025 that considered the implications of the novel coronavirus COVID-19. Overall COVID-19 is expected to suppress global demand for…

Personal accessories revenues are expected to post some of the sharpest declines among all fmcg industries. The industry is concurrently facing pressure from three main factors: consumers’ diminished disposable income, retail closures (and sluggish…