Product Code: LUXPH
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 1 Sales of Luxury Goods by Category: Value 2017-2022
Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021
Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022
Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Domestic consumers boost growth through luxury hotels
Resumption of hotel openings
Staycations are part of "new normal" in 2022
PROSPECTS AND OPPORTUNITIES
Return of overseas tourists to support further growth
Drop in exchange rate to help support international tourist spending and domestic purchases
Health and safety concerns to shift demand to luxury hotels
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2017-2022
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022
Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
FINE WINES/CHAMPAGNE AND SPIRITS IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Rebound with increase in celebration opportunities
Rise of digital sales within the category
Local brands invest in marketing strategies including premiumisation of portfolios within luxury whiskies
PROSPECTS AND OPPORTUNITIES
Reopening of whiskey bars to help educate and drive stronger retail purchases for at-home consumption
Craft and artisanal spirits gain support from social media
Growth further supported by alcohol-focused online specialists
CATEGORY DATA
Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021
Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021
Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022
Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027
Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
PREMIUM AND LUXURY CARS IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Normalisation and back-to-work activities support growth of premium and luxury cars
Manufacturers provide support for higher-end vehicles
Growing demand for electric vehicles
PROSPECTS AND OPPORTUNITIES
Greater incentives by government to help spur growth
Continuing focus on personalisation
Growth of ultra-high-net-worth individuals to support demand for premium and luxury cars but discounts will prevail
CATEGORY DATA
Table 22 Sales of Premium and Luxury Cars: Value 2017-2022
Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
PERSONAL LUXURY IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Designer apparel and footwear trends towards expensive but staple pieces
Luxury eyewear sees demand for more expensive durable frames
Luxury jewellery growth supported by resumption of formal events and celebrations
Resurgence of social gatherings and hybrid work support luxury leather goods
Dynamic niche of luxury wearables with new products entering the electronics space
Luxury timepieces perceived as an investment by local affluent consumers
Luxury writing instruments and stationery growth stems from gifting opportunities
E-commerce supports growth of super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
Disruptions in digital technology to continue for personal luxury
Sustainability could become strong focus for consumers in the future
Unbranded smaller players have potential to gain share
CATEGORY DATA
Table 28 Sales of Personal Luxury by Category: Value 2017-2022
Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022
Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021
Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021
Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022
Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027
Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027
