Across the forecast period, retail sales of personal luxury are expected to increase at a CAGR of 8% in current value terms (5% constant 2024 value CAGR) over the forecast period to reach RON5.3 billion in 2029.
E-commerce will continue growing as an important personal luxury distribution channel across the forecast period. During the outbreak of COVID-19, many luxury brands expanded their online capabilities, offering consumers augmented reality to digitally try on clothing, glasses and colour cosmetics before committing to purchases.
Across the forecast period, consumers are set to become increasingly knowledgeable about ingredients, materials and sourcing, with many demanding higher-quality products that align with eco-conscious concerns. Consequently, sustainability is set to be a key and growing theme across the forecast period, leading to the rising use of natural ingredients and lower-impact materials.
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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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