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Personal Luxury in the Philippines

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    Report

  • 20 Pages
  • October 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 4968477
Designer apparel and footwear (ready-to-wear) is increasingly incorporating digitisation in the Philippines in 2024, such as seen with Dior optimising 3D printing to amplify intricate designs and modernise its image.

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 2028 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.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Designer apparel and footwear (ready-to-wear) benefits from both digitisation and “Quiet Luxury”
  • Luxury eyewear gets the personal touch and incorporates AI
  • Luxury jewellery benefits from influencer marketing
  • Luxury leather goods see a sustainable makeover
  • Luxury wearables gain smart functions in line with technology developments
  • Rolex remains seen as the king of luxury timepieces
  • Luxury writing instruments and stationery offer affordable status symbols
  • Super premium beauty and personal care continues to benefit from post-pandemic boom
PROSPECTS AND OPPORTUNITIES
  • Personalisation will be an ongoing trend across luxury categories
  • Success of international luxury brands hinders growth of local options
  • Ongoing demand for sustainable materials and “meaningfulness”
CATEGORY DATA
  • Table 1 Sales of Personal Luxury by Category: Value 2019-2024
  • Table 2 Sales of Personal Luxury by Category: % Value Growth 2019-2024
  • Table 3 NBO Company Shares of Personal Luxury: % Value 2019-2023
  • Table 4 LBN Brand Shares of Personal Luxury: % Value 2020-2023
  • Table 5 Distribution of Personal Luxury by Format: % Value 2019-2024
  • Table 6 Forecast Sales of Personal Luxury by Category: Value 2024-2029
  • Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
LUXURY GOODS IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Luxury goods in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 8 Sales of Luxury Goods by Category: Value 2019-2024
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources