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Learn moreAug 2020
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All categories in personal accessories are being negatively impacted by COVID-19 in Indonesia in 2020. Primarily this relates to declining spending power of consumers, who are purchasing fewer non-essential, secondary and tertiary items.
Indonesian borders have been closed to foreigners without a work visa since 2 April. Commercial flights were restricted from 24 April to 1 June, with flights limited to 50% capacity and only certified business passengers permitted.
All categories in personal accessories are relatively fragmented, with large global brands leading in bags and luggage, watches, and writing instruments. Only jewellery is led by local players and brands.
The biggest impact on retailing is the shift to online channels due to shopping mall and retail outlet closures due to COVID-19. Whilst there are some personal accessories consumers are happy to purchase online, such as cheaper costume jewellery for example, consumers traditionally preferred to purchase expensive items such as luxury bags or fine jewellery in-store.
All categories in personal accessories are expected to see positive growth again over the forecast period and there are a number of opportunities for players to explore in order to assist a faster recovery. In bags and luggage, for example, players could offer new variants of bags, designed especially with “the new normal” in mind, with different compartments to carry different items (face masks, eye shields, sanitiser, antibacterial wipes, etc).
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Overview
Discover the latest market trends and uncover sources of future market growth for the Personal Accessories industry in Indonesia 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 Personal Accessories industry in Indonesia, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Indonesia for free:
The Personal Accessories in Indonesia market research report includes:
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Why buy this report?
This industry report originates from Passport, our personal goods market research database.
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.