Luxury Goods in Australia

September 2023 | 42 pages | ID: L0CB4BA1596EN
Euromonitor International Ltd

Abstracts

Retail value sales of luxury goods in Australia increased by 5% in 2023 in current terms, amounting to AUD24.3 billion. The post-lockdown period saw a prevailing emphasis on recovery and a resurgence of customary consumer habits, encompassing working, shopping, travelling again, and indulging in the purchase of luxury goods. In this context, development was predominantly characterised by affluent consumers’ inclination to treat themselves as they regained the ability to do so. During the second...

Euromonitor International's Luxury Goods in Australia report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Luxury Goods market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Luxury Goods in Australia
Euromonitor International
September 2023

LIST OF CONTENTS AND TABLES

LUXURY GOODS IN AUSTRALIA
EXECUTIVE SUMMARY
Luxury goods in 2023: The big picture

2023 KEY TRENDS

Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 1 Sales of Luxury Goods by Category: Value 2018-2023
Table 2 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 4 NBO Company Shares of Luxury Goods: % Value 2018-2022
Table 5 LBN Brand Shares of Luxury Goods: % Value 2019-2022
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 7 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN AUSTRALIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Current retail value sales of experiential luxury on the rise in 2023
Luxury hotels records highest percentage rise within the category overall in 2023
Accor Asia Pacific, AAPC Ltd leads experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales expected to rise over forecast period
Luxury hotels looks likely to see the fastest percentage growth over the forecast period
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2018-2023
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
Table 11 NBO Company Shares of Experiential Luxury: % Value 2018-2022
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
FINE WINES/CHAMPAGNE AND SPIRITS IN AUSTRALIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Fine wines/champagne and spirits sees rising current retail value sales in 2023
Fine wines sees the most significant value sales in the last year of the review period
Fine wines/champagne and spirits is led by Moлt Hennessy Australia Pty Ltd in 2022
PROSPECTS AND OPPORTUNITIES
Value sales forecast to rise in constant 2023 terms over 2023-2028
Luxury spirits expected to experience the fastest percentage CAGR increase during 2023-2028
CATEGORY DATA
Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2018-2022
Table 18 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2018-2023
Table 19 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2023-2028
Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2023-2028
PERSONAL LUXURY IN AUSTRALIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Personal luxury sees an increase in current retail value sales in 2023
Designer apparel and footwear (ready-to-wear) dominated by designer apparel (ready-to-wear)
Luxury eyewear value increases in 2023
Retail value sales of luxury jewellery increase in 2023
Positive value growth for luxury leather goods
Luxury wearables electronics sees value sales increase in 2023
Luxury timepieces sees value sales increase
Value sales of writing instruments and stationery on the up in 2023
Value of super premium beauty and personal care sees a sales rise
Louis Vuitton Australia Pty Ltd holds the lead in personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Value sales look likely to increase in 2023 constant terms during the forecast period
Designer apparel and footwear (ready-to-wear) set to remain biggest subcategory in value terms in 2028
Luxury wearables electronics is expected to see the fastest percentage growth over forecast period
CATEGORY DATA
Table 27 Sales of Personal Luxury by Category: Value 2018-2023
Table 28 Sales of Personal Luxury by Category: % Value Growth 2018-2023
Table 29 NBO Company Shares of Personal Luxury: % Value 2018-2022
Table 30 LBN Brand Shares of Personal Luxury: % Value 2019-2022
Table 31 Distribution of Personal Luxury by Format: % Value 2018-2023
Table 32 Forecast Sales of Personal Luxury by Category: Value 2023-2028
Table 33 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
PREMIUM AND LUXURY CARS IN AUSTRALIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Current retail value sales fairly static within premium and luxury cars
Number of premium and luxury cars declining
Premium and luxury cars is led by Mercedes-Benz Australia Pacific Pty Ltd in 2022
PROSPECTS AND OPPORTUNITIES
Value sales of premium and luxury cars forecast to rise over 2023-2028
Online sales set to rise in importance
Electric cars to become more significant
CATEGORY DATA
Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
Table 22 Sales of Premium and Luxury Cars: % Value Growth 2018-2023
Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2022
Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2022
Table 25 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
Table 26 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028