PROSPECTS AND OPPORTUNITIES
Consumers favour in-store shopping for fine jewellery
Regarding the distribution of jewellery, nearly 90% of sales took place in physical stores at the end of the review period, and this channel is expected to remain the most important moving forward. While retail e-commerce has been seeing growth, it still represents a small percentage of value sales, mainly focused on costume jewellery.
Luxury jewellery brands embrace Mexican culture to drive expansion
Jewellery in Mexico is set to maintain retail volume and current value growth throughout the forecast period, with increases for both costume and fine jewellery, although the latter will continue to see the better performance. Luxury jewellery is a niche that has steadily increased in recent years.
The expected continued decline of wedding rings and baptismal medals in Mexico
Mexican culture is an important factor in the demand for certain pieces of jewellery that have a special connotation, such as wedding rings and baptismal medals. In the case of rings, there has been a decline in sales of wedding bands, while for some brands, engagement rings have become one of the best-selling items.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in Mexico 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 Jewellery industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Jewellery in Mexico 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 Jewellery in Mexico?
- Which are the leading brands in Jewellery in Mexico?
- How significant is tourism in determining sales and demand for Jewellery in Mexico?
- How are COVID-19 and global recession impacting demand for Jewellery in Mexico?
- In the wake of COVID-19, how soon can Jewellery be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Jewellery in Mexico - Category analysis
KEY DATA FINDINGS
The resilience of fine jewellery in Mexico
Gold continues to be a favoured choice in fine jewellery
Bizzarro launches a unisex jewellery collection to celebrate diversity
Consumers favour in-store shopping for fine jewellery
Luxury jewellery brands embrace Mexican culture to drive expansion
The expected continued decline of wedding rings and baptismal medals in Mexico
Personal Accessories in Mexico - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Jewellery
- Costume Jewellery
- Fine Jewellery
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
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 Jewellery research and analysis database.
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