Luxury Goods in Mexico

Luxury Goods in Mexico

EXECUTIVE SUMMARY

Luxury goods in Mexico remains a dynamic industry

Luxury goods benefiting from macroeconomic stability in Mexico

Luxury goods remains fragmented despite strong players

Brand owners and retailers support luxury goods internet retailing

Luxury goods expected to continue to perform well

MARKET DATA

Table 1 Sales of Luxury Goods by Category: Value 2013-2018
Table 2 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 4 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 5 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 7 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources

Designer Apparel and Footwear (Ready-To-Wear) in Mexico

HEADLINES

PROSPECTS

Retail developments support sales of designer apparel and footwear

Designer footwear brands offer personalisation

Interest-free payments give middle-class Mexicans access to designer brands

COMPETITIVE LANDSCAPE

Louis Vuitton announces its first Mexican ambassador

Dolce & Gabbana organises its first fashion show in Mexico

CATEGORY DATA

Table 9 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2013-2018
Table 10 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2013-2018
Table 11 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2017
Table 12 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2014-2017
Table 13 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2013-2018
Table 14 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2018-2023
Table 15 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2018-2023

Fine Wines/Champagne and Spirits in Mexico

HEADLINES

PROSPECTS

Changes in consumer preference and new product development drive the growth of fine champagne

Limited editions attract first-time buyers

COMPETITIVE LANDSCAPE

Tequila brands lead fine wines/champagne and spirits

CATEGORY DATA

Table 16 Sales of Fine Wines/Champagne and Spirits by Category: Value 2013-2018
Table 17 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2013-2018
Table 18 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2013-2017
Table 19 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2014-2017
Table 20 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2013-2018
Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
Table 22 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023

Luxury Cars in Mexico

HEADLINES

PROSPECTS

Category growth slows due to the 2018 presidential elections

Luxury car manufacturers introduce hybrid and electric models

COMPETITIVE LANDSCAPE

Daimler remains the leading player in luxury cars

Ferrari celebrates its 20th anniversary in the country

CATEGORY DATA

Table 23 Sales of Luxury Cars: Value 2013-2018
Table 24 Sales of Luxury Cars: % Value Growth 2013-2018
Table 25 NBO Company Shares of Luxury Cars: % Value 2013-2017
Table 26 LBN Brand Shares of Luxury Cars: % Value 2014-2017
Table 27 Forecast Sales of Luxury Cars: Value 2018-2023
Table 28 Forecast Sales of Luxury Cars: % Value Growth 2018-2023

Luxury Eyewear in Mexico

HEADLINES

PROSPECTS

Optical shops continue to dominate sales despite the rapid growth of internet retailing

Luxury spectacle frames considered a fashion accessory

COMPETITIVE LANDSCAPE

Luxottica’s multi-brand portfolio supports its leading position

Innovation brings dynamism to luxury sunglasses

CATEGORY DATA

Table 29 Sales of Luxury Eyewear by Category: Value 2013-2018
Table 30 Sales of Luxury Eyewear by Category: % Value Growth 2013-2018
Table 31 NBO Company Shares of Luxury Eyewear: % Value 2013-2017
Table 32 LBN Brand Shares of Luxury Eyewear: % Value 2014-2017
Table 33 Distribution of Luxury Eyewear by Format: % Value 2013-2018
Table 34 Forecast Sales of Luxury Eyewear by Category: Value 2018-2023
Table 35 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2018-2023

Luxury Hotels in Mexico

HEADLINES

PROSPECTS

Luxury hotel operators continue to strengthen their presence in Mexico’s main tourist destinations

The “experience more” megatrend can be clearly seen in luxury hotels

COMPETITIVE LANDSCAPE

Velas Resorts leads luxury hotels

Grupo Real Turismo ranks first in terms of number of outlets

CATEGORY DATA

Table 36 Sales in Luxury Hotels: Value 2013-2018
Table 37 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 38 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 39 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 40 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 41 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 42 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Luxury Jewellery in Mexico

HEADLINES

PROSPECTS

Innovation contributes to growth

Jewellery and watch specialist retailers dominate the distribution landscape

COMPETITIVE LANDSCAPE

Swarovski’s strong distribution network contributes to its leading position

Tiffany & Co leads luxury fine jewellery

Richemont maintains its positioning of luxury and exclusivity

CATEGORY DATA

Table 43 Sales of Luxury Jewellery by Category: Value 2013-2018
Table 44 Sales of Luxury Jewellery by Category: % Value Growth 2013-2018
Table 45 NBO Company Shares of Luxury Jewellery: % Value 2013-2017
Table 46 LBN Brand Shares of Luxury Jewellery: % Value 2014-2017
Table 47 Distribution of Luxury Jewellery by Format: % Value 2013-2018
Table 48 Forecast Sales of Luxury Jewellery by Category: Value 2018-2023
Table 49 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2018-2023

Luxury Leather Goods in Mexico

HEADLINES

PROSPECTS

Internet retailing remains the fastest growing distribution channel for luxury leather goods

Non-leather luggage gains ground among luxury consumers

COMPETITIVE LANDSCAPE

Louis Vuitton remains the leading player in luxury leather goods

Affordable luxury plays an important role in leather goods

CATEGORY DATA

Table 50 Sales of Luxury Leather Goods: Value 2013-2018
Table 51 Sales of Luxury Leather Goods: % Value Growth 2013-2018
Table 52 NBO Company Shares of Luxury Leather Goods: % Value 2013-2017
Table 53 LBN Brand Shares of Luxury Leather Goods: % Value 2014-2017
Table 54 Distribution of Luxury Leather Goods by Format: % Value 2013-2018
Table 55 Forecast Sales of Luxury Leather Goods: Value 2018-2023
Table 56 Forecast Sales of Luxury Leather Goods: % Value Growth 2018-2023

Luxury Portable Consumer Electronics in Mexico

HEADLINES

PROSPECTS

Makers of luxury timepieces bank on smartwatches

Luxury wearable jewellery is left behind by smartwatches

Luxury mobile phones remains a negligible category

COMPETITIVE LANDSCAPE

Michael Kors maintains its leading position in luxury wearables

Football player Miguel Layún endorses Hublot’s Big Bang Referee in Mexico

CATEGORY DATA

Table 57 Sales of Luxury Portable Consumer Electronics by Category: Value 2013-2018
Table 58 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2013-2018
Table 59 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2013-2017
Table 60 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2014-2017
Table 61 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2013-2018
Table 62 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2018-2023
Table 63 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2018-2023

Luxury Timepieces in Mexico

HEADLINES

PROSPECTS

Luxury timepieces expected to record further growth over the forecast period

Some luxury brands stick with tradition despite new technologies

Luxury timepieces target new generations

COMPETITIVE LANDSCAPE

Richemont de México maintains its leading position

TAG Heuer looking to benefit from limited editions

CATEGORY DATA

Table 64 Sales of Luxury Timepieces by Category: Value 2013-2018
Table 65 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018
Table 66 NBO Company Shares of Luxury Timepieces: % Value 2013-2017
Table 67 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017
Table 68 Distribution of Luxury Timepieces by Format: % Value 2013-2018
Table 69 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023
Table 70 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023

Luxury Writing Instruments and Stationery in Mexico

HEADLINES

PROSPECTS

Luxury writing instruments and stationery grows in value but remains flat in volume terms

Stationery accounts for just a small share of category sales

Technology and tradition merge in luxury writing instruments and stationery

COMPETITIVE LANDSCAPE

Comercializadora At Cross leads luxury writing instruments and stationery

Richemont enters internet retailing with Montblanc

Back-to-school an important period for some luxury writing instrument brands

CATEGORY DATA

Table 71 Sales of Luxury Writing Instruments and Stationery: Value 2013-2018
Table 72 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2013-2018
Table 73 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2013-2017
Table 74 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2014-2017
Table 75 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2013-2018
Table 76 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2018-2023
Table 77 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2018-2023

Personal Luxury in Mexico

HEADLINES

PROSPECTS

Designer apparel and footwear by far the biggest category in personal luxury

Pop-up stores increasingly being used by personal luxury brand owners

Some luxury brand owners are sticking with physical stores despite the rapid growth of internet retailing

COMPETITIVE LANDSCAPE

Louis Vuitton México leads personal luxury

Personal luxury remains a fragmented category

CATEGORY DATA

Table 78 Sales of Personal Luxury by Category: Value 2013-2018
Table 79 Sales of Personal Luxury by Category: % Value Growth 2013-2018
Table 80 NBO Company Shares of Personal Luxury: % Value 2013-2017
Table 81 LBN Brand Shares of Personal Luxury: % Value 2014-2017
Table 82 Forecast Sales of Personal Luxury by Category: Value 2018-2023
Table 83 Forecast Sales of Personal Luxury by Category: % Value Growth 2018-2023

Super Premium Beauty and Personal Care in Mexico

HEADLINES

PROSPECTS

Innovation drives growth in super premium fragrances

Internet retailing gains further ground

Serums continue to grow in importance in super premium skin care

COMPETITIVE LANDSCAPE

Chanel remains the leading brand in super premium beauty and personal care

Sisley focuses on super premium hair care

CATEGORY DATA

Table 84 Sales of Super Premium Beauty and Personal Care by Category: Value 2013-2018
Table 85 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2013-2018
Table 86 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2013-2017
Table 87 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2014-2017
Table 88 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2013-2018
Table 89 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2018-2023
Table 90 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2018-2023

---