The rate of growth in retail constant value sales of personal luxury will accelerate during 2023, before gradually decelerating over the remainder of the forecast period. Designer apparel and footwear (ready-to-wear) and luxury eyewear will be the top performers, with luxury writing instruments and stationery the weakest.
Inflationary pressure is likely to weigh on demand for luxury brands – at least during the early part of the forecast period. Aspirational luxury brands in categories like luxury jewellery, luxury leather goods and designer apparel and footwear could be particularly hard hit, as middle-class consumers are forced to tighten their belts and thus become more price sensitive.
E-commerce will continue to grow in importance as a distribution channel for personal luxury. Local consumers are gradually becoming more comfortable shopping for these products online, appreciating the convenience and wide product offer.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Romania 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 Romania, 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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