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Learn moreJan 2021
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Following the outbreak of COVID-19 in Spain, the country closed its borders to tourists. Although the country gradually opened its doors again following the lifting of the national lockdown that lasted from March to May 2020, by the summer, Spanish authorities had only reopened for twelves countries.
The uncertainty facing Spain during the COVID-19 pandemic of 2020, led to an increase in consumers’ price sensitivity. In addition to the dire economic straits facing Spain, tourists around the world who would usually visit Spain were also facing economic uncertainty and financial tumult.
Following the implementation of national lockdown restrictions, many companies focused on expanding their online presence in 2020. As such, e-commerce’s share in the category grew in 2020, although it remained a small channel, overall.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in Spain 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 Spain, our research will save you time and money while empowering you to make informed, profitable decisions.
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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.