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Luxury Goods in Spain

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    Report

  • 41 Pages
  • October 2023
  • Region: Spain
  • Euromonitor International
  • ID: 2555734
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.

The 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.

Table of 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 SPAINKEY 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 SPAINKEY 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 España 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 SPAINKEY 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 SPAINKEY 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