Product Code: PLGKR
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
Personal accessories in 2021: The big picture
Key trends in 2021
Competitive landscape
Retailing developments
What next for personal accessories?
MARKET DATA
Table 1 Sales of Personal Accessories by Category: Volume 2016-2021
Table 2 Sales of Personal Accessories by Category: Value 2016-2021
Table 3 Sales of Personal Accessories by Category: % Volume Growth 2016-2021
Table 4 Sales of Personal Accessories by Category: % Value Growth 2016-2021
Table 5 NBO Company Shares of Personal Accessories: % Value 2016-2020
Table 6 LBN Brand Shares of Personal Accessories: % Value 2017-2020
Table 7 Distribution of Personal Accessories by Format: % Value 2016-2021
Table 8 Forecast Sales of Personal Accessories by Category: Volume 2021-2026
Table 9 Forecast Sales of Personal Accessories by Category: Value 2021-2026
Table 10 Forecast Sales of Personal Accessories by Category: % Volume Growth 2021-2026
Table 11 Forecast Sales of Personal Accessories by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
BAGS AND LUGGAGE IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Polarisation in consumer spending particularly apparent in categories with a discretionary nature
Share growth for the top three players as consumers demand timeless rather than trendy items, domestic travel rises and schools return from late February 2021
Growing demand for unique designs in bags and luggage in mass brands as consumers try to cheer themselves up after months of lockdown and COVID-19 restrictions
PROSPECTS AND OPPORTUNITIES
Wide distribution of vaccines sees the return of foreign travel in 2022 with consumers saving for big-ticket holidays abroad and associated luggage
Shift to e-commerce proves sticky as consumers embrace its convenience, fast delivery and exclusive promotions
Leading apparel manufacturers diversify by entering bags and luggage in order to offset steep sales declines in apparel categories
CATEGORY DATA
Table 12 Sales of Bags and Luggage by Category: Volume 2016-2021
Table 13 Sales of Bags and Luggage by Category: Value 2016-2021
Table 14 Sales of Bags and Luggage by Category: % Volume Growth 2016-2021
Table 15 Sales of Bags and Luggage by Category: % Value Growth 2016-2021
Table 16 Sales of Luggage by Type: % Value 2016-2021
Table 17 NBO Company Shares of Bags and Luggage: % Value 2016-2020
Table 18 LBN Brand Shares of Bags and Luggage: % Value 2017-2020
Table 19 Distribution of Bags and Luggage by Format: % Value 2016-2021
Table 20 Forecast Sales of Bags and Luggage by Category: Volume 2021-2026
Table 21 Forecast Sales of Bags and Luggage by Category: Value 2021-2026
Table 22 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2021-2026
Table 23 Forecast Sales of Bags and Luggage by Category: % Value Growth 2021-2026
JEWELLERY IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Rebound for fine jewellery as newlyweds spend money saved from cancelled honeymoons and pared down events due to ongoing social distancing restrictions
Industry players adopt a number of strategies including the launch of an all-male store and e-commerce to reach a younger consumer base
Increasing consumer appetite for customised jewellery and luxury items
PROSPECTS AND OPPORTUNITIES
Expansion of local players offering customised jewellery to online global platforms
The launch of exclusive e-commerce brands extends the consumer base and helps brands mitigate some of their losses from bricks and mortar stores
Players become increasingly creative incorporating lab grown diamonds and artificial intelligence into their repertoires in order to appeal to young consumers
CATEGORY DATA
Table 24 Sales of Jewellery by Category: Volume 2016-2021
Table 25 Sales of Jewellery by Category: Value 2016-2021
Table 26 Sales of Jewellery by Category: % Volume Growth 2016-2021
Table 27 Sales of Jewellery by Category: % Value Growth 2016-2021
Table 28 Sales of Costume Jewellery by Type: % Value 2016-2021
Table 29 Sales of Fine Jewellery by Type: % Value 2016-2021
Table 30 Sales of Fine Jewellery by Collection: % Value 2016-2021
Table 31 Sales of Fine Jewellery by Metal: % Value 2016-2021
Table 32 NBO Company Shares of Jewellery: % Value 2016-2020
Table 33 LBN Brand Shares of Jewellery: % Value 2017-2020
Table 34 Distribution of Jewellery by Format: % Value 2016-2021
Table 35 Forecast Sales of Jewellery by Category: Volume 2021-2026
Table 36 Forecast Sales of Jewellery by Category: Value 2021-2026
Table 37 Forecast Sales of Jewellery by Category: % Volume Growth 2021-2026
Table 38 Forecast Sales of Jewellery by Category: % Value Growth 2021-2026
WATCHES IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Growth of watches in 2021 as consumers have money to spend from cancelled life events while strong demand for luxury brands is heightened further by supply shortages
Sales of watches in department stores are being driven by young male consumers, to whom department stores are specifically catering
Growing appeal of the South Korean market to foreign brands
PROSPECTS AND OPPORTUNITIES
Growing demand for watches as consumers treat themselves to affordable luxury as they are priced out of real estate and are unable to go on foreign holidays
Growth in second-hand sales as luxury watch brands remain more appealing than luxury bags and apparel
Resumption of foreign travel negatively impacts domestic retail sales of watches though the return of tourists helps to compensate for losses
CATEGORY DATA
Table 39 Sales of Watches by Category: Volume 2016-2021
Table 40 Sales of Watches by Category: Value 2016-2021
Table 41 Sales of Watches by Category: % Volume Growth 2016-2021
Table 42 Sales of Watches by Category: % Value Growth 2016-2021
Table 43 Sales of Watches by Price Band: Volume 2016-2021
Table 44 Sales of Watches by Price Band: Value 2016-2021
Table 45 Sales of Watches by Price Band: % Volume Growth 2016-2021
Table 46 Sales of Watches by Price Band: % Value Growth 2016-2021
Table 47 NBO Company Shares of Watches: % Value 2016-2020
Table 48 LBN Brand Shares of Watches: % Value 2017-2020
Table 49 Distribution of Watches by Format: % Value 2016-2021
Table 50 Forecast Sales of Watches by Category: Volume 2021-2026
Table 51 Forecast Sales of Watches by Category: Value 2021-2026
Table 52 Forecast Sales of Watches by Category: % Volume Growth 2021-2026
Table 53 Forecast Sales of Watches by Category: % Value Growth 2021-2026
WRITING INSTRUMENTS IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Return to the classroom from February 2021 boosts pencils and ball point pens while colouring remains steady thanks to home seclusion and lack of social activities
Demand recovers for writing instruments in 2021 though changes are being seen in retail channels
Premiumisation and inventive digital strategies boost brand awareness for Mon Ami
PROSPECTS AND OPPORTUNITIES
Growing collaborations outside the category raise awareness and create alternative revenue streams
Writing instruments experiences growing competition from smart devices bought through e-commerce stationery stores
Growing shift to e-commerce in writing instruments thanks to growth of digital devices over the forecast period
CATEGORY DATA
Table 54 Sales of Writing Instruments by Category: Volume 2016-2021
Table 55 Sales of Writing Instruments by Category: Value 2016-2021
Table 56 Sales of Writing Instruments by Category: % Volume Growth 2016-2021
Table 57 Sales of Writing Instruments by Category: % Value Growth 2016-2021
Table 58 NBO Company Shares of Writing Instruments: % Value 2016-2020
Table 59 LBN Brand Shares of Writing Instruments: % Value 2017-2020
Table 60 Distribution of Writing Instruments by Format: % Value 2016-2021
Table 61 Forecast Sales of Writing Instruments by Category: Volume 2021-2026
Table 62 Forecast Sales of Writing Instruments by Category: Value 2021-2026
Table 63 Forecast Sales of Writing Instruments by Category: % Volume Growth 2021-2026
Table 64 Forecast Sales of Writing Instruments by Category: % Value Growth 2021-2026
