In the forecast period, polishes in South Africa is expected to maintain the trends seen in the review period, with continued retail current value growth, along with retail volume decline. Overall demand for polishes is set to decline due to restricted discretionary spending.
Shoe polish is expected to register a low negative retail volume CAGR in the forecast period. Demand for shoe polish is expected to continue being driven mainly by school children and uniformed employees.
With high inflation rates, local consumers have become more interested in getting better value for money. One aspect of this has been an increase in bulk purchasing, with players offering larger pack sizes to capitalise on this, and this trend is likely to continue as budgets remain stretched.
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Understand the latest market trends and future growth opportunities for the Polishes 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 Polishes 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.
Polishes
This is the aggregation of shoe, floor, furniture and metal polish.
See all of our definitionsThis report originates from Passport, our Polishes research and analysis database.
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