The economic landscape in Spain, which is characterised by high inflation and rising interest rates, is expected to negatively impact the performance of apparel accessories over the forecast period. Many Spaniards are likely to prioritise social activities over material goods, leading to a reduction in expenditure on discretionary items.
The working-from-home trend is likely to persist in Spain over the forecast period, with some companies even reducing the amount of office space they lease as more employees work remotely. This shift will negatively affect demand for apparel accessories associated with office wear, such as ties and belts, as consumers increasingly seek out more casual, comfortable clothes.
The COVID-19 pandemic significantly shifted consumer purchasing habits in Spain, boosting the preference for experiences over material goods. Historically, apparel accessories have been popular gifts, especially during the festive season.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Spain 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 Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 definitionsThis report originates from Passport, our Apparel Accessories research and analysis database.
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