There will be robust growth in retail constant value sales of personal luxury during the forecast period. This will be supported by urbanisation, population growth, the revival of inbound tourism and a post-pandemic economic recovery, which will boost consumer confidence.
Retail constant values growth will also be supported by maturation of the country’s retail infrastructure – namely the development of more luxury malls. For example, the Summarecon Villaggio Jakarta Luxury Outlet in Summarecon Emerald Karawang is set to open before the end of 2022.
Whereas second-hand purchases of luxury goods were once frowned upon, they are now growing in popularity, and this trend is expected to deepen throughout the forecast period. Younger consumers in particular increasingly favour second-hand personal luxury for reasons of sustainability and because it enables them to buy more for less.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.See All of Our Definitions
This report originates from Passport, our Personal Luxury research and analysis database.
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