Colombian accessories will continue facing strong competition from low cost products that are imported from China. In order to stand out, manufacturers are expected to include sustainability practices in the production of Colombian accessories.
During times of economic downturn when consumers become highly price-sensitive and focus on purchasing priority items, the price of accessories becomes extremely important to Colombian consumers. With economic uncertainties or financial constraints expected to continue into the forecast period, consumers will be cautious in their spending and prioritise essential goods over non-essential ones.
In times of high inflation in Colombia, accessories have become a popular gift choice due to their affordable prices compared to other commodities. As the purchasing parity of the local currency declines during inflationary periods, consumers will seek cost-effective yet thoughtful gift options.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Colombia 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 Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Apparel Accessories
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 DefinitionsThis report originates from Passport, our Apparel Accessories research and analysis database.
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