Like many apparel accessories, demand for ties was already declining in Chile prior to the emergence of the pandemic. This trend is in line with the increasing move away from formal clothing as a result of increasing casualisation, including within the workplace, alongside a drop in demand for men’s suits.
Apparel accessories is a highly fragmented competitive landscape, where smaller players under “others” hold over 80% retail value share. The rapid increase in the penetration of international e-commerce platforms such as Shein, AliExpress and Shopee are likely to intensify fragmentation within the category.
Apparel and footwear in Chile has been one of the most affected industries in the region, considering 2022’s high inflationary pressures, and the uncertainty regarding the economic recession forecast for 2023. This situation has negatively impacted most industries that are not perceived as a priority compared to food and health-related products, forcing local consumers to be more cautious with their expenditure.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Chile 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 Chile, 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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