Indonesia

One of the major factors putting pressure on sales of super premium and personal care products was the strict adherence to social distancing and home seclusion that became common practice during the COVID-19 pandemic. With many people avoiding social…

The economic slowdown in 2020 due to the COVID-19 pandemic and its subsequent restrictions, led to reduced demand for premium and luxury cars which are considered unnecessary purchases. There were also delays in shipments of imported premium and…

Personal luxury experienced strong sales declines in 2020 due to the uncertain and adverse economic environment that unfolded over the course of the year. The COVID-19 pandemic had a very negative impact on commercial activity in various sectors of…

Sales of luxury writing instruments and stationery declined substantially over the course of 2020 as demand for all types of products within the category fell heavily under pressure caused by the COVID-19 pandemic. One of the main factors that…

Luxury timepieces registered positive sales growth in Indonesia for much of the review period. This was based on the favourable economic situation in Indonesia and the country’s positive economic development in recent years. In particular, economic…

Very few changes were detected in sales of luxury portable consumer electrics during 2021 and this is a reflection of the tiny size of the category, which remains an insignificant area of luxury goods in Indonesia. In fact, authorised sales of these…

Sales of luxury leather goods saw a decline in 2020, albeit one that was not as significant as in other categories. Nevertheless, the COVID-19 pandemic took its toll on demand across all categories of luxury leather goods, with the worst results in…

Traditionally, sales of luxury jewellery in Indonesia have tended to spike in the run-up to major religious festivals such as Eid Al Fitr and Hari Raya. This is because many of Indonesia’s more affluent people choose to purchase expensive items of…

In 2020 there was a substantial decline in demand for luxury hotels in Indonesia as travel restrictions, specifically the ban on inbound arrivals, and large-scale social restrictions in response to the COVID-19 pandemic undermined the ability of…

Luxury goods was one of the consumer goods industries hardest hit by the COVID-19 pandemic. The fact that sales of luxury goods are reliant on the premium retail experience became a major Achilles’ heel for the entire industry as many people remained…

One of the major factors behind the negative sales growth recorded in luxury eyewear in 2020 was the requirement for all non-essential retail stores to close during the peak of the COVID-19 pandemic. These store closures negatively impacted sales of…

The large-scale adoption of social distancing restrictions in response to the COVID-19 pandemic led to a deep slump being registered in sales of fine wines/champagne and spirits during 2020. This was mainly because the COVID-19 pandemic and the…

The value sales declines recorded in experiential luxury as the COVID-19 pandemic took hold of the country were among the most severe seen across the entire Indonesian luxury goods industry. One of the main factors behind this performance was the…

One of the main reasons for the very negative growth recorded in sales of designer apparel and footwear during 2020 was the government-mandated nationwide closure of all non-essential retail outlets for an extended period during the early stages of…

Jakarta is set to remain the largest consumer market in Indonesia and is predicted to become the most populous city globally by 2030. Urban living is gaining pace in Indonesia, as more Indonesians are moving to cities in a search of better economic…