Retail sales of personal luxury are expected to increase at a CAGR of 9% in current value terms (6% constant 2023 value CAGR) over the forecast period to reach RON7 billion in 2028. A healthy increase is expected to be driven by wealthy domestic consumers and the return of international tourists.
Super premium beauty and personal care is projected to overtake designer apparel and footwear (ready-to-wear) to become the highest-value category from the mid-forecast period. The category is set to see retail current value sales of RON2.
Luxury wearables electronics is set to be the fastest-growing category over the forecast period, with a 14% retail current value CAGR (10% 2023 constant value CAGR). Innovation will continue to be a key driver of demand, as the leading players introduce new models and make rapid technological advances to persuade consumers to buy the latest upgrades.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Romania with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in Romania, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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