PROSPECTS AND OPPORTUNITIES
Accessorising trend will continue to drive growth
The trend of accessorising is expected to continue driving growth in apparel accessories in Colombia. Social media and fashion influencers have popularised the mix-and-match approach, where basic outfits are elevated with trend-forward accessories, allowing consumers to express their individuality.
Prices of most apparel accessories expected to slow down in the forecast period
In the coming years, the prices of most apparel accessories are expected to slow down, mainly due to increased competition in the sector. The competitive landscape is highly fragmented, with many unbranded products becoming more common, particularly as consumers face financial pressures stemming from a weakened economy.
Emerging players will fuel growth of personal accessories
The apparel accessories market is becoming increasingly dynamic, with the entry of new players and the fusion of fast fashion innovations. One of the most notable new entrants is the Argentine company Blue Star Group (BSG), which has announced its plans to open stores in Colombia under its Todomoda and Isadora brands.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel Accessories in Colombia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel Accessories in Colombia?
- Which are the leading brands in Colombia?
- How are products distributed in Colombia?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel Accessories in Colombia?
- Where is future growth expected to be most dynamic?
Apparel Accessories in Colombia - Category analysis
KEY DATA FINDINGS
Mixed picture for apparel accessories
Apparel accessories puts new technology AI in the spotlight
Cuero Velez in the lead
Accessorising trend will continue to drive growth
Prices of most apparel accessories expected to slow down in the forecast period
Emerging players will fuel growth of personal accessories
Apparel and Footwear in Colombia - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Apparel Accessories
- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel Accessories research and analysis database.
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