PROSPECTS AND OPPORTUNITIES
Brands are expected to adapt to meet the evolving expectations of jewellery consumers
Across the forecast period, retail value growth in the jewellery market is expected to remain moderate. This will largely be due to the rising cost of raw materials, such as precious stones and metals, alongside the ongoing investment from established luxury brands in developing flagship stores and experiential showrooms that cater to affluent and status-driven customers.
Changing wedding and engagement traditions are set to negatively impact the jewellery category
The jewellery industry is facing the challenge of a growing number of people choosing not to hold traditional weddings and engagements; a trend that is expected to continue influencing consumer behaviour over the forecast period. The average age of first marriage in Taiwan in 2022 was approximately 32 for men and 30 for women.
Sustainable jewellery options are set to gain ground, aligning with consumer demands
Sustainable and ethical jewellery is expected to gain significant traction across the forecast period, as technological advancements play an increasingly pivotal role in jewellery design. While sustainable jewellery has already gained momentum in Western countries and Japan, it is now emerging in Taiwan and is anticipated to continue growing.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in Taiwan 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 Taiwan, 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 Taiwan 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 Taiwan?
- Which are the leading brands in Jewellery in Taiwan?
- How significant is tourism in determining sales and demand for Jewellery in Taiwan?
- How are COVID-19 and global recession impacting demand for Jewellery in Taiwan?
- 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 Taiwan - Category analysis
KEY DATA FINDINGS
Changing consumer preferences shape buying habits in the jewellery category
International players lead the jewellery market, while Japanese brands make an impact
Traditional jewellery shops struggle against the competition from established, international brands
Brands are expected to adapt to meet the evolving expectations of jewellery consumers
Changing wedding and engagement traditions are set to negatively impact the jewellery category
Sustainable jewellery options are set to gain ground, aligning with consumer demands
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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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