PROSPECTS AND OPPORTUNITIES
Growth to remain limited throughout forecast period
The economic challenges facing Spain are unlikely to ease in the near term, with high inflation and interest rates expected to persist. These factors will continue to squeeze disposable incomes, limiting the ability of many consumers to spend on high-priced fine jewellery.
Social media will remain key sales driver
Social media is emerging as a major driver of jewellery trends in Spain, overshadowing traditional fashion events and shows. Platforms like TikTok, which popularised necklace layering in 2024, are expected to shape future trends - such as the revival of bracelets and other accessories, for example.
Spaniards to remain focused on best-value offers
Budget-conscious consumers are driving growth in two key channels: outdoor markets and e-commerce. Outdoor markets have gained popularity by offering jewellery at extremely low prices, often mimicking trends seen on social media and in high-street stores.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery 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 Jewellery 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.
The Jewellery in Spain 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 Spain?
- Which are the leading brands in Jewellery in Spain?
- How significant is tourism in determining sales and demand for Jewellery in Spain?
- How are COVID-19 and global recession impacting demand for Jewellery in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
Spanish economy and soaring gold prices see category shifts.
Lab-grown diamonds fail to take root, while Joyería Tous strengthens position
Social media continues to drive sales amid rising consumer cost-consciousness
Growth to remain limited throughout forecast period
Social media will remain key sales driver
Spaniards to remain focused on best-value offers
Personal Accessories in Spain - 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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