Total report count: 34
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Homewares in Taiwan performed positively in 2024, with total current value sales increasing at a faster pace than in 2023. This improvement was partly attributable to a significant rise in the number of households in the country driven by both long-term demographic shifts and an upturn in residential construction activity amidst a better-than-expected economic rebound. However, it also reflected the tendency of people to spend more time cooking and entertaining at home due to changes in lifestyl
Homewares enjoyed healthy value growth in Brazil in 2024, thanks to cultural shifts towards home-centric lifestyles. For example, as seen with the resurgence in home cooking, evolving consumer preferences, and a heightened emphasis on health and sustainability. For example, the increased focus on home cooking has been prompting consumers to invest in higher-quality homewares. Moreover, the growing emphasis on healthy eating habits and sustainable living has contributed to the demand for non-toxi
In 2024, current value sales of homewares in the Philippines registered robust growth as local consumers continued to invest in enhancing at-home cooking and dining experiences. This trend was supported by an influx of both international and domestic brands, which thereby expanded product variety and accessibility. The entry of Australian retailer Anko into Glorietta 2 introduced a diverse range of contemporary table linens, cutlery sets, and storage solutions, all positioned at affordable price
Homeware in Poland was the best performing product in home and garden in Poland in 2024, with current value sales increasing. This was due to several factors. The expansion of e-commerce has played a significant role, as consumers increasingly prefer the convenience and variety of online shopping for homewares. Additionally, there is a rising trend towards sustainability, with consumers showing a strong preference for eco-friendly products, and as such offerings are generally more expensive, thi
In 2024, value sales of homewares continued to grow, although at a slower pace compared to the previous year. Rising costs of key materials, such as ceramic, porcelain and glass, significantly increased production expenses, which in turn led to higher retail prices and heightened consumer price sensitivity. In response, the market saw a sustained presence of more affordable, lower-quality homeware products aimed at budget-conscious consumers, which affected overall value growth. Additionally, ne
The decline in UK homewares sales in 2024 can be attributed to several interrelated factors. The ongoing cost-of-living crisis significantly impacted consumer spending, leading to a shift in priorities towards essential items and away from discretionary purchases such as homewares. Big-ticket items like furniture and electricals performed poorly as consumers limited their spending in response to rising housing, rental, and fuel costs. Additionally, sales of store-based furniture and lighting dec
Sales of homewares in China witnessed strong growth in current value terms in 2024, driven by evolving consumer behaviour and macroeconomic factors. While the broader economy saw moderate growth, the housing market's continued struggles led many homeowners to prioritise remodelling over new property purchases. This trend boosted demand for kitchen products, as consumers looked for cost-effective, durable, and aesthetically pleasing solutions for their existing spaces.
Homewares recorded robust growth in current value terms in South Africa in 2024, driven by increased consumer investment in kitchen and dining. With more meals being prepared and enjoyed at home, there was a notable rise in demand for quality cookware, coordinated dinnerware, and stylish kitchen utensils that elevated everyday meals and enhanced social occasions. Consumers embraced visually appealing and durable pieces, including colourful ceramic dinner sets, textured stoneware mugs, and stainl
Malaysia’s homewares market continued to expand in current value terms in 2024, driven in part by improving economic conditions, which encouraged individuals to spend more on non-essential items. Social media platforms such as Instagram, TikTok, and Pinterest played a central role in inspiring consumers to personalise their homes, leading to greater demand for decorative and functional items. The resurgence of home cooking also contributed significantly, with more households investing in kitchen
Homewares in India registered further healthy growth in retail current value sales in 2024. Economic growth and rising disposable incomes among the expanding middle class boosted the demand for high-quality, durable and aesthetically-pleasing homewares. Rapid urbanisation and a developing residential property market increased the need for homewares as more people moved into new homes and sought to furnish them. The cultural appreciation for the kitchen, which holds a special significance in Indi
Homewares in Japan experienced healthy growth in current value terms in 2024, driven by a heightened focus on home aesthetics and functionality. Urbanisation and smaller living spaces has led consumers to seek compact, multifunctional items that maximise utility without compromising on style. The cultural emphasis on minimalism and natural materials, rooted in Japanese design principles like wabi-sabi, further influenced purchasing decisions. Additionally, the rise of e-commerce platforms made a
Value decline in the homewares market in the Netherlands in 2024 was largely driven by ongoing economic uncertainty and persistent inflationary pressures, which affected consumer spending and confidence. Consumers became more cautious with their spending, prioritising essential items over discretionary purchases, and there was a noticeable shift in consumer priorities, with many opting for sustainable and long-term investments over short-term home décor updates. The trend towards sustainability
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Homewares in the US witnessed a notable decline in value sales over 2024, due to the general downturn in housing and home improvements. When US households make changes to the kitchen, this often includes a change in décor as well as kitchenware. Henceforth, the lower emphasis on home renovations and upgrades has led to a reduction in demand for homeware products, including dining sets, beverageware, cutlery, and kitchenware. Additionally, the shift in US consumer spending towards experiences ove
The rate of growth in retail current value sales of homewares will slow in 2024. Homewares maintained healthy growth during the year, as households invested in enhancing everyday living spaces. Dinnerware and beverageware saw rising demand, driven by renewed enthusiasm for at-home entertaining and a desire to elevate casual dining experiences. Cookware and kitchen utensils benefited from a surge in home cooking and experimentation, with consumers seeking both functional and stylish design. Food-
Homewares in Hong Kong witnessed declining value sales over 2024, in line with the overall downturn in retail sales throughout the year. Changing consumption patterns among both tourists and local residents weighed on the retail sector. Mainland Chinese tourists, traditionally a major driver of retail sales, became more frugal, partly due to the strong Hong Kong dollar making shopping less attractive. Simultaneously, local residents increasingly opted to shop across the border in Shenzhen, seeki
While homewares in Ukraine registered healthy current value growth, constant sales remained unchanged, as inflation continued to bite. That being said, as many Ukrainians rebuilt or relocated, there was strong demand for kitchen and dining essentials. ranging from cookware and utensils to dinnerware and food storage. At the same time, rising interest in home cooking, wellness, and social rituals like shared meals has turned the kitchen into a focal point of daily life, prompting consumers to inv
In 2024, homewares in Argentina experienced strong growth, supported by a combination of evolving consumer lifestyles, favourable import conditions, and expanding digital access. Value sales increased notably, with dining standing out as the best performing category, driven by a renewed appreciation for home-cooked meals, artisanal craftsmanship, and personalised aesthetics. Urbanisation and smaller living spaces have increased demand for multifunctional, compact designs, while a parallel rise i
Homewares was the winning category in home and garden in Singapore in 2024, seeing the strongest overall value growth when compared to garden, home furnishings, and home improvement. That said, sales were still at a slightly lower rate of growth when compared to the recent review period. The resilience of homewares is attributed to the rise in home-cooking trends, which has fuelled demand for high-quality kitchen essentials and dining items, as people invest in cookware and dinnerware to enhance
In 2024, homewares in South Korea witnessed a welcome rise in value sales after two years of decline. As more people spend time at home, there is a heightened focus on creating comfortable, functional living spaces, leading to an increased demand for homewares. The growth of e-commerce has also made these products more accessible, allowing consumers to easily browse and purchase items online, further boosting sales in the homewares sector. Additionally, a growing awareness of environmental issue
Value sales of homewares in the United Arab Emirates continued to rise in 2024, supported by a burgeoning expatriate population and rapid urbanisation, encouraging a growing number of individuals to settle permanently. There has also been a noticeable rise in health-conscious consumer behaviour, prompting an increasing number of individuals to prioritise home cooking and baking, or preparing ready-to-eat meals at home on a weekly basis. As a result, the demand for cookware and kitchen utensils r
Canada’s homewares market benefited in 2024 from a continued nesting trend, with consumers investing more time and money in their living spaces, particularly in cooking at home. According to IKEA’s 2024 Life at Home Report, cooking and communal dining ranked among the top contributors to home enjoyment, with eating a home-cooked meal cited as a key source of everyday joy. While high interest rates continued to dampen condominium pre-construction sales, unsold inventory fell to its lowest point i
Homewares managed to achieve only small positive sales in Thailand in 2024, due to a combination of economic pressures and evolving consumer behaviours. Rising living costs, particularly in utilities and food, led nearly half of Thai households to report a decline in financial wellbeing, prompting consumers to reduce non-essential spending and focus on necessities. This shift adversely affected discretionary categories like dinnerware, cutlery, and cookware. Additionally, the influx of low-cost
Current value sales of homewares rose modestly in 2024, supported by a continued preference for home-centred lifestyles. The cultural importance of cooking and shared meals in Switzerland has sustained consumer interest in kitchen-related products, even amid economic uncertainty. As households increasingly prioritised domestic routines, kitchenware and food storage items saw steady demand, allowing the overall category to remain resilient despite wider financial pressures. The enduring appeal of
Homewares in Sweden saw positive growth in current value terms in 2024, fuelled by supportive macroeconomic conditions, shifting consumer habits, and demographic trends favouring compact, multifunctional living. Urbanisation and a high proportion of apartment dwellers continued to drive demand for space-saving, dual-purpose homewares that optimise smaller interiors.
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