Retail current sales of personal luxury are projected to see a CAGR of 7% (4% constant value CAGR) over the forecast period to reach PHP283.7 billion in 2028.
Designer apparel and footwear (ready-to-wear) is set to remain the leading category, with retail current value sales of PHP178.1 billion in 2028, following a 6% CAGR (3% 2023 constant value CAGR).
Luxury wearables electronics is projected to post the fastest retail current value CAGR of 17% (14% 2023 constant value CAGR) and retail volume CAGR of 10% over the forecast period. Demand is predicted to be sustained through innovation, as leading brand owners launch new models and make rapid advances in technology, in order to encourage consumers to upgrade their smart watches.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Philippines 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 Philippines, 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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