Personal luxury is projected to see steady growth in value terms (at constant 2024 prices) in South Africa over the forecast period, with luxury leather goods and luxury wearables electronics expected to be the most dynamic categories. Sales are expected to benefit from an economic rebound and an increase in the number of affluent South Africans.
Sustainability remains a growing concern among South African consumers, especially when it comes to luxury leather goods. Consumers are expected to seek out more eco- and animal-friendly alternatives to traditional luxury leathers.
Over the forecast period, e-commerce is expected to be the fastest growing retail distribution channel for personal luxury. This is in part likely to be supported by the growing popularity of international luxury brands, as well as small local luxury labels, which may not have a physical store in the country but which are available online.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in South Africa 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 South Africa, 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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