PUBLISHER: Euromonitor International | PRODUCT CODE: 1358339
PUBLISHER: Euromonitor International | PRODUCT CODE: 1358339
Luxury Goods in the Philippines
Retail value sales of luxury goods in the Philippines rose by 16% in 2023 in current terms to stand at PHP340.4 billion. The revival of shopping in person and the resurgence of travel and tourism presented favourable opportunities for consumers to indulge in upscale shopping and recreational pursuits, consequently driving an upswing in sales. The latter half of the review period also saw a return to travelling amongst affluent consumers, which had a noticeable positive impact on sales. After Cor...
Euromonitor International's Luxury Goods in Philippines 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.
TABLE OF CONTENTS
List Of Contents And Tables
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 THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Retail value sales of experiential luxury on the rise in 2023
- Luxury hotels dominates in 2023
- Shang Properties Inc is the leading player within experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
- Retail value sales expected to rise over the forecast period
- Luxury hotels to shape performance over the forecast period
- Strong and innovative development of tourism in the Philippines
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 THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Fine wines/champagne and spirits sees rising current retail value sales in 2023
- Luxury spirits is the biggest category in retail value terms in 2023
- Diageo Philippines Inc leads fine wines/champagne and spirits in 2022
PROSPECTS AND OPPORTUNITIES
- The performance is set to be boosted by an affordable indulgence perception
- Fine wines is expected to see the highest retail value CAGR over the forecast period
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 THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Retail current value sales rise in 2023 within premium and luxury cars
- Number of premium and luxury cars on the rise
- Premium and luxury cars is led by Lexus Manila Inc in 2022
PROSPECTS AND OPPORTUNITIES
- Retail value sales of premium and luxury cars to rise over 2023-2028
- Online sales set to rise in importance
- Electric cars to become more prominent
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 THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Personal luxury sees rising retail value sales in 2023
- Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
- Luxury eyewear retail value sales increase in 2023
- Retail value sales of luxury jewellery on the rise in 2023
- Luxury leather goods sees positive value growth in 2023
- Retail value sales of luxury wearables electronics grow fast in 2023
- Luxury timepieces sees retail value sales increase
- Retail value sales of writing instruments and stationery on the up in 2023
- Retail value sales on the rise across super premium beauty and personal care
- LVMH Moet Hennessy Louis Vuitton SA leads personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
- Retail value sales are expected to rise over the forecast period
- Designer apparel and footwear (ready-to-wear) is expected to remain the key category in the forecast period
- Luxury wearables electronics is set to see the fastest growth 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
