Luxury Goods

Market research on the luxury goods industry. Our reports feature...

Market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends.

 
Country Report

Luxury Goods in Switzerland

Jan 2022

COVID-19 had a significant negative impact on sales of luxury goods in Switzerland in 2020, seeing a double-digit retail current value decline. Although sales of such products are driven by affluent consumers who are less likely to be impacted by…

USD 1,210
Country Report

Luxury Goods in Singapore

Jul 2022

Luxury goods in Singapore is set to experience further significant current value growth in 2022, following notable declines in 2020, in the first year of the pandemic. This is largely attributed to the effects brought about by the encouraging…

USD 1,210
Country Report

Luxury Goods in China

Jun 2022

Luxury goods had a promising start in China in 2022, with leading luxury goods conglomerates continuing their robust growth in the first quarter, and encouraging results reported. However, in the second quarter it was faced with high uncertainty,…

USD 1,210
Country Report

Luxury Goods in Turkey

Jan 2022

Luxury goods in Turkey performed reasonably well in 2021, with total current value sales growing at a healthy pace and most categories showing dramatically improved results in volume terms. The market as a whole benefited from the progression of the…

USD 1,210
Country Report

Luxury Goods in Japan

Feb 2022

Overall luxury goods experienced a significant contraction in 2020, due to the imposition of a state of emergency in Japan during April and May due to the emergence of COVID-19. During this time, non-essential stores closed or reduced their operating…

USD 1,210
Country Report

Luxury Goods in Spain

Jul 2022

Retail constant value sales (2022 prices) of luxury goods grew for the first time in three years during 2022 but remained well below their pre-pandemic level. The performance of luxury goods in Spain depends to a large extent on tourists visiting…

USD 1,210
Country Report

Luxury Goods in Germany

Apr 2022

Luxury goods rebounded strongly in Germany in 2021, seeing double-digit current value growth, following a strong decline in 2020 due to the impact of COVID-19. Despite overall value sales still not returning to the pre-pandemic level, the stronger…

USD 1,210
Country Report

Luxury Goods in Brazil

Feb 2022

Unlike most of the non-urgent consumer goods industries (such as mainstream apparel and footwear or personal accessories), luxury goods went against the negative results of COVID-19 in 2020. Relying on the strong purchasing power of affluent consumer…

USD 1,210
Country Report

Luxury Goods in the Philippines

Jan 2022

As in many markets around the world, measures imposed in order to curb the spread of COVID-19 have had a significant negative impact on sales of luxury goods in the Philippines. Although in the past, luxury goods have often been regarded as…

USD 1,210
Country Report

Luxury Goods in the US

Jun 2022

After seeing a strong negative impact from the COVID-19 pandemic in 2020, luxury goods delivered strong growth and full recovery to the pre-pandemic (2019) level of sales in 2021, driven by the successful rollout of vaccines across the US, the…

USD 1,210
Country Report

Luxury Goods in South Africa

Mar 2022

Luxury goods in South Africa was significantly impacted by the emergence of the pandemic in 2020 as a result of lockdowns and various restrictions including border closures and the temporary closure of non-essential stores introduced by the…

USD 1,210
Country Report

Luxury Goods in Thailand

Dec 2021

New waves of the Coronavirus (COVID-19) pandemic occurred in Thailand during 2021 with the number of new cases reaching 20,000 a day at one point. As a result, demand for luxury goods was rather volatile with the market subjected to a number of…

USD 1,210
Country Report

Luxury Goods in Taiwan

Dec 2021

The overall luxury goods industry in Taiwan has been firmly impacted by the COVID-19 pandemic, although this is more as a result of the collapse in experiential luxury earnings as well as a sharp slowdown in value sales of premium and luxury cars.…

USD 1,210
Country Report

Luxury Goods in Italy

Dec 2021

Having plunged by more than a quarter during 2020, retail current value sales of luxury goods will exhibit a modest rebound during 2021, with premium and luxury cars the top performer, followed by super premium beauty and personal care. The pandemic…

USD 1,210
Country Report

Luxury Goods in the United Kingdom

Jun 2022

Luxury goods is set to experience double-digit current value growth in 2022 as the UK has lifted its pandemic-related restrictions. The return to more normal levels of lifestyles is leading to a more positive outlook which is boosting consumer…

USD 1,210
Country Report

Luxury Goods in Russia

Dec 2021

Sales of luxury goods saw a significant impact from the outbreak of COVID-19 in 2020, resulting in slower current value growth than in 2019. In response to the pandemic Russia closed its borders to foreign arrivals which dealt a significant blow to…

USD 1,210
Country Report

Luxury Goods in Ukraine

Dec 2021

While luxury good suffered a decline in value sales in 2020, due to restrictions caused by the pandemic, including closure of retail outlets for a time, it did not suffer a drastic decline in value sales. The reason being, with international travel…

USD 1,210
Country Report

Luxury Goods in Argentina

Dec 2021

Argentina’s economy continues to suffer the repercussions of the COVID-19 pandemic, as well as high inflation rates and a declining real GDP. The country has also been suffering due to new COVID-19 variants. As the government has not secured enough…

USD 1,210
Country Report

Luxury Goods in Malaysia

Dec 2021

Between May and September 2021, Malaysia continued to be in full lockdown which was reinstated by the government under the Full Movement Control Order (FMCO) in order to deal with rising numbers of COVID-19 cases. This led to the closure of…

USD 1,210
Country Report

Luxury Goods in Poland

Dec 2021

While luxury goods registered a double-digit decline in current value sales in 2020, the outlook is much more positive in 2021, with current value growth expected across all luxury goods. Up to now, the economy has coped relatively well from the…

USD 1,210
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