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Personal Luxury in South Korea

  • ID: 4968479
  • Report
  • January 2021
  • Region: South Korea
  • 22 pages
  • Euromonitor International
Personal luxury was in 2020 affected by regulation changes for a limited period of time. In the second half of the year, the Korea Customs Service allowed duty-free shops to retail their stock through local markets, including premium outlets and department stores, until October. The aim was to ease the loss burden that duty-free shops have experienced due to the effects of COVID-19.

The Personal Luxury in South Korea 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 2025 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 Portable Consumer Electronics, Luxury Timepieces, 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.
Note: Product cover images may vary from those shown
KEY DATA FINDINGS

2020 IMPACT
  • Personal luxury available through markets, premium outlets and department stores for limited period
  • E-commerce gains distribution share
  • Young consumers an increasingly important segment
RECOVERY AND OPPORTUNITIES
  • Notable post-pandemic recovery expected
  • E-commerce set to become increasingly popular
  • Outlets become leisure destinations for families
CATEGORY DATA
  • Table 1 Sales of Personal Luxury by Category: Value 2015-2020
  • Table 2 Sales of Personal Luxury by Category: % Value Growth 2015-2020
  • Table 3 NBO Company Shares of Personal Luxury: % Value 2015-2019
  • Table 4 LBN Brand Shares of Personal Luxury: % Value 2016-2019
  • Table 5 Distribution of Personal Luxury by Format: % Value 2015-2020
  • Table 6 Forecast Sales of Personal Luxury by Category: Value 2020-2025
  • Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2020-2025
EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?
MARKET INDICATORS
  • Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020
MARKET DATA
  • Table 9 Sales of Luxury Goods by Category: Value 2015-2020
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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