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Country Report

Luxury Jewellery in

Luxury Jewellery in Mexico

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Significant change in purchasing behaviour during the pandemic

Consumers of luxury jewellery like to inspect products and even try them on in physical stores prior to purchasing, as well as receive advice from qualified sales consultants. Department stores and watch and jewellery specialist retailers are therefore the main channel for these products in Mexico.

Digitisation key during the pandemic

Given the closure of the major physical retail outlets for luxury jewellery for long periods during the pandemic, digitisation became increasingly important in order to maintain customer contact and loyalty. Many players increased their use of digital media, digital catalogues and online product information and communication in order to facilitate the purchase process either through e-commerce or by phone/WhatsApp.

Lower average unit purchase prices for affordable luxury jewellery

A decline in average purchase prices of affordable luxury brands was observed in 2020, suggesting than consumers were tending to either buy less units than before the pandemic or lower-priced items. Social distancing was clearly one of the factors discouraging consumption, whilst the economic impact of the many business closures on the personal and household disposable incomes of many consumers of luxury jewellery also clearly led many to cut back on their spending.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Samples (FAQs about samples)

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Jewellery industry in Mexico with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Jewellery industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Jewellery in Mexico market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Jewellery in Mexico?
What are the major brands in Mexico?
How dynamic is the growth of Luxury Jewellery internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Luxury Jewellery in Mexico - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Significant change in purchasing behaviour during the pandemic

Digitisation key during the pandemic

Lower average unit purchase prices for affordable luxury jewellery

RECOVERY AND OPPORTUNITIES

Strong growth, but absolute sales will take some time to reach pre-pandemic levels

New sales strategies

Digitisation set to be further developed

CATEGORY DATA

Table 1 Sales of Luxury Jewellery by Category: Value 2015-2020
Table 2 Sales of Luxury Jewellery by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Luxury Jewellery: % Value 2015-2019
Table 4 LBN Brand Shares of Luxury Jewellery: % Value 2016-2019
Table 5 Distribution of Luxury Jewellery by Format: % Value 2015-2020
Table 6 Forecast Sales of Luxury Jewellery by Category: Value 2020-2025
Table 7 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2020-2025

Luxury Goods in Mexico - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Jewellery in Mexico

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Significant change in purchasing behaviour during the pandemic

Digitisation key during the pandemic

Lower average unit purchase prices for affordable luxury jewellery

Overview

Why buy this report?

Samples (FAQs about samples)

Want to find out more about this report?

Table of Contents

Luxury Jewellery in Mexico - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Significant change in purchasing behaviour during the pandemic

Digitisation key during the pandemic

Lower average unit purchase prices for affordable luxury jewellery

RECOVERY AND OPPORTUNITIES

Strong growth, but absolute sales will take some time to reach pre-pandemic levels

New sales strategies

Digitisation set to be further developed

CATEGORY DATA

Luxury Goods in Mexico - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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