Personal luxury sales look set to increase at a CAGR of 8% in current value terms (5% constant value CAGR) over the forecast period to total IDR28 trillion. A healthy increase is expected over the forecast period, the result of spending by wealthy, domestic consumers and renewed international travel following the pandemic.
Designer apparel and footwear (ready-to-wear) will remain the largest category in personal luxury, with sales worth IDR12.8 trillion in 2028 and rising at a CAGR of 8% in current value terms (5% 2023 constant value terms).
Super premium beauty and personal care will be the best performing category over 2023-2028, with sales increasing at a current value CAGR of 12% (9% 2023 constant value CAGR). Beauty routines will remain important to consumers, particularly since the reopening of society, with greater attention to appearance once more as people socialise again and return to their places of work.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Indonesia 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 Indonesia, 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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