While major brands such as Hugo Boss and Country Road are expected to continue to lead apparel accessories, there is also likely to be further pressure from local players entering the category. This trend was observed over the review period with many smaller companies under “others” dominating retail value sales.
Slow fashion is expected to continue to impact apparel accessories, as sustainability concerns amongst local consumers will intensify over the forecast period. Slow fashion is set to influence the category in two ways.
Retail volume sales of other apparel accessories are predicted to significantly decline due to the waning demand for reusable face masks in Australia. While other apparel accessories received a significant boost to sales during the pandemic, the category is set to rapidly decline, with retail volume sales set to dip below 2019 levels by the end of the forecast period.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Australia 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 Apparel Accessories industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.See All of Our Definitions
This report originates from Passport, our Apparel Accessories research and analysis database.
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