Luxury Goods in Indonesia

October 2023 | 40 pages | ID: L9249BF96A1EN
Euromonitor International Ltd

Abstracts

Retail value sales of luxury goods in Indonesia grew by 11% in 2023 in current terms to amount to IDR36.3 trillion. Retail value sales in the luxury goods market in Indonesia in 2023 rose at a faster rate than the CAGR seen over the review period as a whole, with the latter rising by 3% in current value terms. In addition to a return to more normal spending after the pandemic, the acceleration of the market’s expansion was in part due to rising inflation in Indonesia, which stood at 4% in 2023.

Euromonitor International's Luxury Goods in Indonesia 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 INDONESIA
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 2018-2023
Table 5 LBN Brand Shares of Luxury Goods: % Value 2019-2023
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 INDONESIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Current retail value sales of experiential luxury on the rise in 2023
Luxury hotels records the highest value increase within the category overall in 2023
Host Marriott Corp is the leading player within experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales rise over the forecast period
Luxury hotels registers the strongest growth over the forecast period
Government seeks to lure digital nomads to Bali with tax break
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 2018-2023
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 INDONESIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Fine wines/champagne and spirits sees rising current retail value sales in 2023
Fine wines is the largest category in fine wines/champagne and spirits in value sales in 2023
Fine wines/champagne and spirits is led by LVMH Moлt Hennessy Louis Vuitton SA in 2022
PROSPECTS AND OPPORTUNITIES
Value sales of fine wines/champagne and spirits increase in constant 2023 terms over the forecast period, though domestic demand is hampered by government liberalisation reversal plans
Luxury spirits is the most dynamic category over the forecast period
In spite of increased regulation, retail e-commerce is now a well-established distribution channel
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
PREMIUM AND LUXURY CARS IN INDONESIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Premium and luxury cars records positive current retail value sales growth in 2023
More premium and luxury cars go electric with expansion of charging stations in response to growing demand for environmentally-friendly vehicles
Premium and luxury cars is led by Daimler AG in 2022
PROSPECTS AND OPPORTUNITIES
Value sales of premium and luxury cars rise over the 2023-2028 period
Growth in retail e-commerce as consumers buy more big-ticket items online, with sales also boosted by more geographically diverse demand
Growing presence of electric cars in premium and luxury cars over the forecast period
CATEGORY DATA
Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
Table 22 Sales of Premium and Luxury Cars by Category: % Value Growth 2018-2023
Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2023
Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2023
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
PERSONAL LUXURY IN INDONESIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury sees rising current retail value sales in 2023, while Dior makes a comeback at the Four Seasons Jimbaran Bay
Designer apparel and footwear (ready-to-wear) characterised by designer apparel (ready-to-wear)
Luxury eyewear enjoys growing popularity and rising value sales thanks to changes in fashion, although counterfeit continues to threaten category sales
Retail value sales of luxury jewellery increase in 2023 thanks to the resumption of society
Luxury leather goods sees positive value growth in 2023
Luxury timepieces enjoys value sales increase in 2023
Value sales of writing instruments and stationery on an upward trend in 2023
Value sales of super premium beauty and personal care rise in 2023
Kering SA leads personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Value sales rise in 2023 constant terms over the forecast period
Designer apparel and footwear (ready-to-wear) remains the largest category in value terms in 2028
Super premium beauty and personal care is the most dynamic category over the 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 2018-2023
Table 30 LBN Brand Shares of Personal Luxury: % Value 2019-2023
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