Over the course of the forecast period, it is anticipated that aside from “other” apparel accessories all other categories within apparel accessories will steadily grow in retail volume terms in step with an expected improvement in the economy. As disposable income recovers consumers are likely to be more inclined to invest in discretionary items to complement their new outfits.
Over the forecast period, “other” apparel accessories is expected to continue declining in value and volume terms. This is due to the significant drop in demand for face masks, with consumers likely to become less and less inclined to wear a face mask while out in public, providing there is not a resurgence in cases of COVID-19.
The online shopping trend is projected to continue developing over the forecast period, which can be attributed to consumers becoming more accustomed to and more comfortable with this mode of shopping. In addition, the regular discounts offered by both companies and e-commerce players, ranging from 30% to 50%, serve as a significant attraction in driving online sales.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Vietnam 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 Vietnam, 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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