After the expectation of minimal retail current value growth for personal luxury in Spain in 2024, the category is set to see just slightly stronger growth rates throughout the forecast period, with consumers continuing to be drawn to exclusive products, as they feel they show off their individuality and status. However, much as was seen over the review period, economic factors are expected to impact the performance of the category moving forward.
Sustainability is an increasing focus amongst Spanish consumers, as awareness grows of the impact of individual consumption on the environment. However, sustainable products often carry higher price points, due to the higher costs of producing such products across the value chain.
During the middle of the review period, personal luxury brands recorded strong performances due to the fair economic situation and the social status attached to their acquisition. However, the popularity of these brands is being dragged down by two factors, which are expected to continue to impact sales in the forecast period.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Spain 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 Spain, 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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