Personal Luxury in South Africa
Personal luxury is set to see current value growth of 8% in 2023 to reach ZAR10.6 billion. This is being supported by strong performances from leading brand providers, such as Surtee Group, African Sales Co (Pty) Ltd and Louis Vuitton South Africa (Pty) Ltd. Sales growth in 2023 has been fuelled by consumers investing in luxury goods such as designer apparel and footwear (ready-to-wear) and luxury jewellery and timepieces as an alternative asset. Moreover, the prospect of utilising these goods f...
Euromonitor International's Personal Luxury in South Africa report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Euromonitor International's Personal Luxury in South Africa report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Personal Luxury 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.
PERSONAL LUXURY IN SOUTH AFRICA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury bounces back in 2023 despite economic pressures
Designer apparel and footwear (ready-to-wear) on the path to recovery
Lifting of restrictions encourages consumers to update their luxury eyewear
Retail value sales of luxury jewellery see a rise in 2023
Luxury leather goods sees positive value growth in 2023
Luxury wearables electronics benefiting from new innovations and the digitalisation of society
Luxury timepieces seen as an investment as well as a fashion status
Value sales of writing instruments and stationery on the increase in 2023
Super premium beauty and personal care on the rise as face masks come off and social functions return
Surtee Group holds the lead in personal luxury in 2022, but Louis Vuitton sees the most dynamic growth
PROSPECTS AND OPPORTUNITIES
Value sales look set to go up in 2023 constant terms over the forecast period
Designer apparel and footwear (ready-to-wear) set to remain the largest category in value terms over the forecast period
Luxury wearables electronics expected to be the most dynamic category
CATEGORY DATA
Table 1 Sales of Personal Luxury by Category: Value 2018-2023
Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN SOUTH AFRICA
EXECUTIVE SUMMARY
Luxury goods in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2018-2023
Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury bounces back in 2023 despite economic pressures
Designer apparel and footwear (ready-to-wear) on the path to recovery
Lifting of restrictions encourages consumers to update their luxury eyewear
Retail value sales of luxury jewellery see a rise in 2023
Luxury leather goods sees positive value growth in 2023
Luxury wearables electronics benefiting from new innovations and the digitalisation of society
Luxury timepieces seen as an investment as well as a fashion status
Value sales of writing instruments and stationery on the increase in 2023
Super premium beauty and personal care on the rise as face masks come off and social functions return
Surtee Group holds the lead in personal luxury in 2022, but Louis Vuitton sees the most dynamic growth
PROSPECTS AND OPPORTUNITIES
Value sales look set to go up in 2023 constant terms over the forecast period
Designer apparel and footwear (ready-to-wear) set to remain the largest category in value terms over the forecast period
Luxury wearables electronics expected to be the most dynamic category
CATEGORY DATA
Table 1 Sales of Personal Luxury by Category: Value 2018-2023
Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN SOUTH AFRICA
EXECUTIVE SUMMARY
Luxury goods in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2018-2023
Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
