With the strengthening of the economy in the Philippines in 2012, luxury goods continued to perform at robust levels. This was a direct result of the improvement in consumer purchasing power in the country, signalling the appeal of luxury goods, n...
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$ 1900
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Luxury goods experienced a slowdown in current value growth for 2012 against 2011, largely attributed by the unstable economic conditions brought about by the 2011 Euro crisis as well as the slowing down of the Chinese economy. While consumers'...
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$ 1900
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Although Taiwan's economic situation fluctuated somewhat, sales of luxury goods in Taiwan remained robust. The major domestic luxury consumer segment was little affected by the economy, and spending power remained strong. The other key factor ...
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$ 1900
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In 2012, South Korea’s luxury goods market registered positive growth both in retail value and volume terms. High-end personal luxury goods, including jewellery and watches performed well, despite the economic downturn in South Korea. The global fina
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$ 1900
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Despite ongoing economic insecurity throughout the world, the Swiss luxury goods industry once again proved its resilience by registering robust growth in 2012. There was an overriding sense of optimism for the industry as a whole, which was greatly
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$ 1900
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Luxury goods in the United Arab Emirates enjoyed another good year in 2012, with strong growth seen in both volume and value terms. Although the country suffered severely during the economic crisis of 2009/2010, the economy is now rebounding with pos
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$ 1900
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The UK luxury goods market as a whole has been spared from the deep effects of the 2012 double dip recession, due to the industry’s reliance on big spending international tourists and as a result has continued to see value sales growth in 2012. The b
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$ 1900
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In 2012, the luxury goods market performed better in value in comparison with the review period. Value sales were boosted by the performances of several categories, such as fine wines/champagne and spirits, but also luxury mobile phones and men’s des
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$ 1900
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Brazil has become a key market for major luxury goods companies since developed countries in North America and Western Europe are struggling as their economies continue to slow down. A strong performance was registered in luxury goods in Brazil over
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$ 1900
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Personal luxury goods continued to grow in 2012 as more consumers, especially the middle class, started to buy these products. Furthermore, steadily increasing disposable income also drove demand as brand awareness was boosted by online advertising.
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$ 1900
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The economy returned to positive growth in 2012, with GDP up by 2%. A high exchange rate of the Japanese yen against the US dollar and the euro also pressured sales of Japanese companies. Consumers continued to be price conscious when spending on lux
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$ 1900
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The high net wealth individual population continues to grow at among the strongest rate globally in Australia; having overtaken Italy in total population in 2011, the figure continues to rise. Along with an increasing domestic population, Australi...
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$ 1900
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2012 was another strong year for the US luxury goods market and the US affluent consumer, with sales growth robust, but slower than in the 2010 and 2011 rebound years. Luxury fine wine, Champagne and spirits led the field with designer apparel also e
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$ 1900
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After the significant negative influence of economic stagnation, the Russian luxury market continued its sustainable though restrained development in period 2011-2012. Different categories recorded various growth rates indicators and while beauty and
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$ 1900
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Luxury goods in current value terms continued to show strong positive growth in 2012, most of which could be explained by increases in prices. While 2010 and 2011 presented high opportunities, and indeed higher growth rates, due to the undervalued cu
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$ 1900
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Even showing one of the worst growth rates in the review period, luxury goods had a double digit value increase in 2012. Economic growth and an increasing proportion of people with a high level of income allowed the market not only to keep its value
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$ 1900
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Sweden’s luxury goods market showed an improved performance in 2012. Growth in total current value sales was up slightly on 2011, as were volume growth rates for most major product categories. This modest improvement was underpinned by the fact that
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$ 1900
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The luxury goods market saw another good year in 2012, with growth seen in both volume and value terms. The ongoing rather favourable economic circumstances, as well as a growing affinity of an increasing proportion of the German population to luxury
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$ 1900
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In 2012 sales of luxury goods were driven by the country’s positive economic performance, which was propelled at the same time by internal demand. This improved the average disposable income of households, which resulted in an increase in the base of
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$ 1900
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After two consecutive market contractions in 2009 and 2010, the 2012 luxury goods value market continued the evolution began in 2011. Even if the Romanian economy is no longer in recession, the effects of the financial crisis are not to disappear qui
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$ 1900
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