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Country Report

Luxury Timepieces in

Luxury Timepieces in Argentina

13 pages, Jan 2018

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!

PROSPECTS

Low number of stores limits sales growth

Despite greater flexibility to import luxury timepieces, the recovery of sales remained slow. During 2017, a marginal improvement in the supply and variety of products was noted due to the elimination of import barriers.

Argentinians prefer to purchase abroad

Argentinians showed a preference for purchasing luxury timepieces abroad given the greater variety of brands and versions. In addition to a more varied offer, the prices are significantly cheaper.

Many companies exit due to economic restrictions

During the review period, the government restricted the import of a wide variety of products and luxury timepieces was no exception. Prior to the impossibility of freely importing merchandise, many companies closed down premises while others decided to leave the country altogether.

COMPETITIVE LANDSCAPE

Rolex leads luxury timepieces

In Argentina, Rolex is synonymous with luxury and this is reflected in its leading position of luxury timepieces in the country. Rolex Argentina is one of the companies with the highest advertising investments, standing out in events such as the Argentine Open for golf, different Polo championships and yachting championships.

A promising future predicted with the return of several brands

In the latter part of the forecast period, international brands are expected to return to Argentina. Cartier and Michael Kors intend to return to the country, but like most brands that left during the review period, they are expecting an even more favourable investment climate.

Smart watches will be a new competitor

The opening of imports will not only favour the return of brands and emblematic companies of luxury timepieces over the forecast period, but also create a competitor that was absent over the review period; smart watches. Apple started selling the iPhone in Argentina in mid-2017 but it is expected to add its iconic Apple Watch in the early years of the forecast period.

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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.

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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 Timepieces industry in Argentina 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 Timepieces industry in Argentina, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Timepieces in Argentina 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 Timepieces in Argentina?
What are the major brands in Argentina?
How dynamic is the growth of Luxury Timepieces 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 Timepieces in Argentina - Category analysis

HEADLINES

PROSPECTS

Low number of stores limits sales growth

Argentinians prefer to purchase abroad

Many companies exit due to economic restrictions

COMPETITIVE LANDSCAPE

Rolex leads luxury timepieces

A promising future predicted with the return of several brands

Smart watches will be a new competitor

CATEGORY DATA

Table 1 Sales of Luxury Timepieces by Category: Value 2012-2017
Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2012-2017
Table 3 NBO Company Shares of Luxury Timepieces: % Value 2012-2016
Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2013-2016
Table 5 Distribution of Luxury Timepieces by Format: % Value 2012-2017
Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2017-2022
Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2017-2022

Luxury Goods in Argentina - Industry Overview

EXECUTIVE SUMMARY

Neighbouring countries are a great attraction to buy luxury goods

Changes in economic policy favour the supply of products

Slow return of imported brands to the country

Few attractive locations to open premises

A positive forecast due to a greater variety and recovery of the economy

MARKET INDICATOR

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Timepieces in Argentina

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Low number of stores limits sales growth

Argentinians prefer to purchase abroad

Many companies exit due to economic restrictions

COMPETITIVE LANDSCAPE

Rolex leads luxury timepieces

A promising future predicted with the return of several brands

Smart watches will be a new competitor

Overview

Why buy this report?

Samples (FAQs about samples):

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Table of Contents

Luxury Timepieces in Argentina - Category analysis

HEADLINES

PROSPECTS

Low number of stores limits sales growth

Argentinians prefer to purchase abroad

Many companies exit due to economic restrictions

COMPETITIVE LANDSCAPE

Rolex leads luxury timepieces

A promising future predicted with the return of several brands

Smart watches will be a new competitor

CATEGORY DATA

Luxury Goods in Argentina - Industry Overview

EXECUTIVE SUMMARY

Neighbouring countries are a great attraction to buy luxury goods

Changes in economic policy favour the supply of products

Slow return of imported brands to the country

Few attractive locations to open premises

A positive forecast due to a greater variety and recovery of the economy

MARKET INDICATOR

MARKET DATA

SOURCES

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