Luxury Goods in Spain

October 2023 | 41 pages | ID: LC8C6237CFCEN
Euromonitor International Ltd

Abstracts

Retail value sales of luxury goods in Spain rose by 11% in 2023 in current terms to reach EUR16.7 billion. Pent-up demand boosted sales as luxury consumers returned to pre-Coronavirus (COVID-19) activities, including shopping, travelling and working. There was a clear and continued focus on recovery after the pandemic. During the second half of the review period, sales experienced a notable boost, attributed to the resurgence of affluent travellers and renewed enthusiasm for dining out and indul...

Euromonitor International's Luxury Goods in Spain 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 SPAIN
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 SPAIN
KEY DATA FINDINGS
2023 DEVELOPMENTS
Retail current value sales on the rise in 2023
Luxury hotels dominates experiential luxury in 2023
AC Hotels by Marriott - ACHM Spain Management is the leading player in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales set to increase over the forecast period
Luxury hotels is expected to continue to shape experiential luxury
Collaborations to add colour and dynamism to the experiential luxury space
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 SPAIN
KEY DATA FINDINGS
2023 DEVELOPMENTS
Fine wines/champagne and spirits sees rising retail value sales in 2023
Fine wines is the largest category in terms of value sales in 2023
Pernod Ricard Espa?a SA leads fine wines/champagne and spirits in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales set to rise in 2023 constant terms over the forecast period
Fine wines is expected to see the most dynamic CAGR over the forecast period
Rise of organic fine wines in Spain
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 SPAIN
KEY DATA FINDINGS
2023 DEVELOPMENTS
Premium and luxury cars sees rising retail value sales in 2023
Number of premium and luxury cars on the rise
Daimler AG heads premium and luxury cars in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales of premium and luxury cars forecast to rise over 2023-2028
Retail e-commerce sales to become more significant
Electric cars to grow in importance
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 SPAIN
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury sees rising retail current value sales in 2023
Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
Luxury eyewear on the up in 2023
Luxury jewellery retail value sales on the up in 2023
Luxury leather goods sees fast retail value growth in 2023
Luxury wearables electronics gains traction in 2023
Luxury timepieces grows apace
Retail value sales of writing instruments and stationery grow in 2023
Retail value sales of super premium beauty and personal care on the rise
LVMH Iberia SL leads personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Bright outlook for the forecast period
Designer apparel and footwear (ready-to-wear) to remain the key category in retail value terms
Luxury leather goods is set to see the fastest retail value CAGR 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