Luxury leather goods continued to be adversely impacted by the lingering effects of the pandemic in 2021, with the category recording another year of double-digit volume and current value declines, exacerbating an already weak performance from the previous year. Luxury Leather Goods in South Africa report offers a comprehensive guide...
The luxury goods market showed signs of recovery in 2021, after being negatively impacted in 2020 by the COVID-19 pandemic. Luxury spending shifted from experiences to experience-based goods. Luxury products were first to recover to their 2019 levels as opposed to luxury experiences, which remained below pre-pandemic levels. E-commerce was...
Luxury goods in South Africa was significantly impacted by the emergence of the pandemic in 2020 as a result of lockdowns and various restrictions including border closures and the temporary closure of non-essential stores introduced by the government in an attempt to control the spread of the virus. Luxury Goods in South Africa report...
Executive Summary The Global Luxury Jewelry Market was valued at USD 46.52 billion in the year 2021. Global Luxury Jewelry Market witnessed healthy growth during the historical period, on account of a significant increase in disposable income of consumers across the globe. Major factors driving sales of Luxury Jewelry products...
Demand for luxury writing instruments and stationery was already gradually waning in South Africa prior to the emergence of the pandemic, in line with a general trend for digitalisation. Nevertheless, luxury writing instruments are seen as status symbols among locals. With many office workers continuing to work remotely in 2021 due to the...
Although luxury portable consumer electronics witnessed retail volume and current value declines in 2019, these were minor compared with the massive falls in sales experienced in 2020, and the further weak performance recorded by the category in 2021. Pre-pandemic, more than half of sales of luxury portable consumer electronics were attributed...
Experiential luxury continued to be impacted by the pandemic in South Africa in 2021, after already recording double-digit value sales decline the previous year when interprovincial and international travel were banned by the South African government as part of lockdown regulations for a number of months of the year to try and stop the spread...
Despite ongoing travel restrictions, inflation, and supply chain concerns, the global Luxury Goods industry continues to register a strong recovery of value sales. Now, to meet pent-up demand and maintain competitiveness post-pandemic, iconic brands are increasingly employing digital sales and marketing tools, launching new product collections,...
Luxury goods rebounded strongly in Germany in 2021, seeing double-digit current value growth, following a strong decline in 2020 due to the impact of COVID-19. Despite overall value sales still not returning to the pre-pandemic level, the stronger than initially expected recovery of demand in the industry was promising, as the economy gradually...
After a completely disrupted year in 2020, when market circumstances and therefore consumer behaviour changed rapidly and left most players without a concrete action plan, 2021 started in a similar way, with lockdowns being imposed across the country, followed by major restrictions for bricks-and-mortar retailers. These conditions made it...