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Personal Accessories in the Philippines

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    Report

  • 51 Pages
  • January 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 2321881
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 growth in personal accessories in 2023. As a revenge category, personal accessories has a good foundation for growth, and in 2023 is expected to see a full recovery from the contraction to value sales seen in the market in 2020 due to the pandemic.

The Personal Accessoriesin Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), 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 – be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Bags and Luggage, Jewellery, Traditional and Connected Watches, Writing Instruments.

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 Accessories 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.

Table of Contents

PERSONAL ACCESSORIES IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Personal accessories in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for personal accessories?
MARKET DATA
  • Table 1 Sales of Personal Accessories by Category: Volume 2018-2023
  • Table 2 Sales of Personal Accessories by Category: Value 2018-2023
  • Table 3 Sales of Personal Accessories by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Personal Accessories by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Personal Accessories: % Value 2019-2023
  • Table 6 LBN Brand Shares of Personal Accessories: % Value 2020-2023
  • Table 7 Distribution of Personal Accessories by Format: % Value 2018-2023
  • Table 8 Forecast Sales of Personal Accessories by Category: Volume 2023-2028
  • Table 9 Forecast Sales of Personal Accessories by Category: Value 2023-2028
  • Table 10 Forecast Sales of Personal Accessories by Category: % Volume Growth 2023-2028
  • Table 11 Forecast Sales of Personal Accessories by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
BAGS AND LUGGAGE IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Sales driven by the rising younger generation and working population
  • Popularity of bags and luggage that have high product reach
  • Steep offline competition in bags and luggage
PROSPECTS AND OPPORTUNITIES
  • Functional fashion bags and luggage likely to continue to be favoured
  • Retail e-commerce offers favourable deals attractive to consumers
  • Celebrity influence on purchases of bags and luggage
CATEGORY DATA
  • Table 12 Sales of Bags and Luggage by Category: Volume 2018-2023
  • Table 13 Sales of Bags and Luggage by Category: Value 2018-2023
  • Table 14 Sales of Bags and Luggage by Category: % Volume Growth 2018-2023
  • Table 15 Sales of Bags and Luggage by Category: % Value Growth 2018-2023
  • Table 16 Sales of Luggage by Type: % Value 2018-2023
  • Table 17 NBO Company Shares of Bags and Luggage: % Value 2019-2023
  • Table 18 LBN Brand Shares of Bags and Luggage: % Value 2020-2023
  • Table 19 Distribution of Bags and Luggage by Format: % Value 2018-2023
  • Table 20 Forecast Sales of Bags and Luggage by Category: Volume 2023-2028
  • Table 21 Forecast Sales of Bags and Luggage by Category: Value 2023-2028
  • Table 22 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2023-2028
  • Table 23 Forecast Sales of Bags and Luggage by Category: % Value Growth 2023-2028
JEWELLERY IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Lab-grown diamond jewellery becomes more popular
  • Chinese culture drives growth in jewellery in the Philippines
  • Statement jewellery gains popularity
PROSPECTS AND OPPORTUNITIES
  • Positive yet uncertain economic developments will continue to increase demand for jewellery
  • Rise of personalised jewellery set to continue
  • Alternatives to fast fashion accessories
CATEGORY DATA
  • Table 69 Sales of Jewellery by Category: Volume 2018-2023
  • Table 70 Sales of Jewellery by Category: Value 2018-2023
  • Table 71 Sales of Jewellery by Category: % Volume Growth 2018-2023
  • Table 72 Sales of Jewellery by Category: % Value Growth 2018-2023
  • Table 73 Sales of Costume Jewellery by Type: % Value 2018-2023
  • Table 74 Sales of Fine Jewellery by Type: % Value 2018-2023
  • Table 75 Sales of Fine Jewellery by Collection: % Value 2018-2023
  • Table 76 Sales of Fine Jewellery by Metal: % Value 2018-2023
  • Table 77 NBO Company Shares of Jewellery: % Value 2019-2023
  • Table 78 LBN Brand Shares of Jewellery: % Value 2020-2023
  • Table 79 Distribution of Jewellery by Format: % Value 2018-2023
  • Table 80 Forecast Sales of Jewellery by Category: Volume 2023-2028
  • Table 81 Forecast Sales of Jewellery by Category: Value 2023-2028
  • Table 82 Forecast Sales of Jewellery by Category: % Volume Growth 2023-2028
  • Table 83 Forecast Sales of Jewellery by Category: % Value Growth 2023-2028
TRADITIONAL AND CONNECTED WATCHES IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Pre-loved luxury talked about now more than ever
  • Unisex offerings by manufacturers
  • Connected watches not only for active lifestyles, but also for students
PROSPECTS AND OPPORTUNITIES
  • Continued growth expected for luxury traditional watches and smartwatches
  • Competition and supply chain disruptions
  • Inclusive and maximalist designs
CATEGORY DATA
  • Table 24 Sales of Traditional and Connected Watches by Category: Volume 2018-2023
  • Table 25 Sales of Traditional and Connected Watches by Category: Value 2018-2023
  • Table 26 Sales of Traditional and Connected Watches by Category: % Volume Growth 2018-2023
  • Table 27 Sales of Traditional and Connected Watches by Category: % Value Growth 2018-2023
  • Table 28 Sales of Traditional Watches by Category: Volume 2018-2023
  • Table 29 Sales of Traditional Watches by Category: Value 2018-2023
  • Table 30 Sales of Traditional Watches by Category: % Volume Growth 2018-2023
  • Table 31 Sales of Traditional Watches by Category: % Value Growth 2018-2023
  • Table 32 Sales of Traditional Watches by Price Band: Volume 2018-2023
  • Table 33 Sales of Traditional Watches by Price Band: Value 2018-2023
  • Table 34 Sales of Traditional Watches by Price Band: % Volume Growth 2018-2023
  • Table 35 Sales of Traditional Watches by Price Band: % Value Growth 2018-2023
  • Table 36 Sales of Connected Watches by Category: Volume 2018-2023
  • Table 37 Sales of Connected Watches by Category: Value 2018-2023
  • Table 38 Sales of Connected Watches by Category: % Volume Growth 2018-2023
  • Table 39 Sales of Connected Watches by Category: % Value Growth 2018-2023
  • Table 40 NBO Company Shares of Traditional Watches: % Value 2019-2023
  • Table 41 LBN Brand Shares of Traditional Watches: % Value 2020-2023
  • Table 42 NBO Company Shares of Connected Watches: % Value 2019-2023
  • Table 43 LBN Brand Shares of Connected Watches: % Value 2020-2023
  • Table 44 Distribution of Traditional Watches by Format: % Value 2018-2023
  • Table 45 Distribution of Connected Watches by Format: % Value 2018-2023
  • Table 46 Forecast Sales of Traditional and Connected Watches by Category: Volume 2023-2028
  • Table 47 Forecast Sales of Traditional and Connected Watches by Category: Value 2023-2028
  • Table 48 Forecast Sales of Traditional and Connected Watches by Category: % Volume Growth 2023-2028
  • Table 49 Forecast Sales of Traditional and Connected Watches by Category: % Value Growth 2023-2028
  • Table 50 Forecast Sales of Traditional Watches by Category: Volume 2023-2028
  • Table 51 Forecast Sales of Traditional Watches by Category: Value 2023-2028
  • Table 52 Forecast Sales of Traditional Watches by Category: % Volume Growth 2023-2028
  • Table 53 Forecast Sales of Traditional Watches by Category: % Value Growth 2023-2028
  • Table 54 Forecast Sales of Connected Watches by Category: Volume 2023-2028
  • Table 55 Forecast Sales of Connected Watches by Category: Value 2023-2028
  • Table 56 Forecast Sales of Connected Watches by Category: % Volume Growth 2023-2028
  • Table 57 Forecast Sales of Connected Watches by Category: % Value Growth 2023-2028
WRITING INSTRUMENTS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Back to school in 2023
  • Sales via retail e-commerce continue to grow
  • School enrolment surpasses pre-pandemic numbers, contributing to growth
PROSPECTS AND OPPORTUNITIES
  • Continued importance of writing instruments, despite advance of digitalisation
  • Personalised writing instruments
  • Growing demand for fountain pens, and ink innovation
CATEGORY DATA
  • Table 58 Sales of Writing Instruments by Category: Volume 2018-2023
  • Table 59 Sales of Writing Instruments by Category: Value 2018-2023
  • Table 60 Sales of Writing Instruments by Category: % Volume Growth 2018-2023
  • Table 61 Sales of Writing Instruments by Category: % Value Growth 2018-2023
  • Table 62 NBO Company Shares of Writing Instruments: % Value 2019-2023
  • Table 63 LBN Brand Shares of Writing Instruments: % Value 2020-2023
  • Table 64 Distribution of Writing Instruments by Format: % Value 2018-2023
  • Table 65 Forecast Sales of Writing Instruments by Category: Volume 2023-2028
  • Table 66 Forecast Sales of Writing Instruments by Category: Value 2023-2028
  • Table 67 Forecast Sales of Writing Instruments by Category: % Volume Growth 2023-2028
  • Table 68 Forecast Sales of Writing Instruments by Category: % Value Growth 2023-2028