Personal accessories in 2024: The big picture
In 2024, personal accessories in the United Arab Emirates experienced modest single-digit retail value growth, marking a slowdown after three consecutive years of strong double-digit growth. The exceptional performances in 2022 and 2023 were fuelled by unprecedented government initiatives that attracted high net worth individuals to the United Arab Emirates, resulting in an expanding population and purchasing power.
2024 key trends
In the United Arab Emirates, sustainability is expected to take shape primarily through the circular economy, rather than through eco-friendly materials or processes — at least in the short term. Consumers are not necessarily looking for products that have been recycled but rather accessories they can use for a long time, pass down to someone, or sell.
Competitive landscape
In 2024, the competitive landscape of personal accessories in the United Arab Emirates remained highly fragmented, with "others" holding the highest retail value share overall. While some consolidation occurred in fine jewellery, particularly with Malabar Gold significantly expanding its footprint in recent years, the landscape remained shaped by numerous players with no single brand holding a commanding position.
Retailing developments
While leisure and personal goods specialists dominates distribution of personal accessories in the United Arab Emirates, department stores remains a stable channel, standing out from its counterparts in many Western economies where these retailers face significant challenges. Department stores in the United Arab Emirates continue to attract steady footfall, driven by their appeal as multi-category destinations.
What next for personal accessories?
Personal accessories in the United Arab Emirates is poised to continue its journey of digital transformation over the forecast period, with retailers exploring how Generative AI can unlock new opportunities. Given the market's unique dynamics — shaped by a heavy reliance on travel spending and a predominantly expatriate population —inventory forecasting can be particularly challenging.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Accessories industry in United Arab Emirates 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Bags and Luggage
- Jewellery
- Watches
- Writing Instruments
If you're in the Personal Accessories industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Personal Accessories in United Arab Emirates 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 Personal Accessories in United Arab Emirates?
- Which are the leading brands in Personal Accessories in United Arab Emirates?
- How significant is tourism in determining sales and demand for Personal Accessories in United Arab Emirates?
- How are COVID-19 and global recession impacting demand for Personal Accessories in United Arab Emirates?
- In the wake of COVID-19, how soon can Personal Accessories be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Personal Accessories in the United Arab Emirates
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
Bags and Luggage in the United Arab Emirates
KEY DATA FINDINGS
Modest growth for bags and luggage in 2024
Limited growth for non-luxury handbags
Airwheel’s smart luggage expands its local presence
Regional brands with a purpose set to perform well
Business bags to face further challenges from alternative formats
Department stores to retain importance as distribution channel
Jewellery in the United Arab Emirates
KEY DATA FINDINGS
Fine jewellery brands at risk of counterfeiting
Rapid expansion for Malabar Gold in local market
Aldo Accessories remains leading brand of costume jewellery, appealing to local sensibilities
HNWIs drive sales of both premium costume and fine jewellery
Arabic and Islamic-inspired designs to increasingly influence brand strategies
United Arab Emirates as wedding destination to drive fine jewellery sales
Traditional and Connected Watches in the United Arab Emirates
KEY DATA FINDINGS
High mechanical watches remain popular status symbols in local market
Luxury timepieces contribute significant sales
Market skewed towards male consumers offers opportunity to bridge the gap
Wellness to continue driving strong growth of smart wearables
Blockchain used to validate authenticity
Jewellery and watch specialists to remain popular channel for traditional watches
Writing Instruments in the United Arab Emirates
KEY DATA FINDINGS
Category growth more subdued than previous year as nostalgia trend wanes
Colouring leads volume growth within writing instruments
MICE events are a major driver of demand for pens
The rise of the second-hand market
Travel spend drives sales of premium writing instruments
Room for growth via e-commerce
The following categories and subcategories are included:
Personal Accessories
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- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
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- Non-Luxury Handbags
- Luxury Handbags
- Wallet and Coin Pouches
- Other Small Bags
- Luggage
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- Costume Jewellery
- Fine Jewellery
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- Basic Mechanical Watches
- Mid Mechanical Watches
- High Mechanical Watches
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- Basic Quartz Analogue Watches
- Mid Quartz Analogue Watches
- High Quartz Analogue Watches
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- Basic Quartz Digital Watches
- Mid Quartz Digital Watches
- High Quartz Digital Watches
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- Basic Quartz Analogue Watches
- Basic Quartz Digital Watches
- Basic Mechanical Watches
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- Mid Quartz Analogue Watches
- Mid Quartz Digital Watches
- Mid Mechanical Watches
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- High Quartz Analogue Watches
- High Quartz Digital Watches
- High Mechanical Watches
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- Basic Activity Watch (Analogue)
- Mid Activity Watch (Analogue)
- High Activity Watch (Analogue)
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- Basic Activity Watch (Digital)
- Mid Activity Watch (Digital)
- High Activity Watch (Digital)
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- Basic Smart Wearables
- Mid Smart Wearables
- High Smart Wearables
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- Colouring
- Markers and Highlighters
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- Graphite Pencils
- Mechanical Pencils
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- Ball Point Pens
- Fountain Pens
- Roller Ball Pens
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- Pen Inkwells and Refills
- Pencil Lead Refills
- Other Writing Accessories
Personal Accessories
Personal Accessories refers to a diversified group of personal products including Bags & Luggage, Jewellery, Watches and Writing instruments.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
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This report originates from Passport, our Personal Accessories research and analysis database.
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