Personal accessories in 2024: The big picture
In 2024, the personal accessories market in Ukraine evolved under the continuous pressure of ongoing war in the country. The demographic situation remained highly unfavourable, as millions of Ukrainian emigrants remained abroad.
2024 key trends
In 2024, the personal accessories market in Ukraine saw consumers becoming increasingly price-conscious as inflation further eroded their disposable incomes. Retailers responded by offering more frequent discounts, especially during seasonal sales and holidays, such as Christmas, when personal accessories are often bought as gifts.
Competitive landscape
In 2024, the personal accessories market in Ukraine remained highly fragmented, with a wide range of manufacturers offering diverse products. The overall leader of the competitive landscape was domestic jewellery player Zolotoy Vek PP, with 11% retail value share of personal accessories.
Retailing developments
Retail e-commerce has continued to record strong growth in personal accessories in Ukraine, reaching 13% retail value share in 2024. More consumers, particularly those in areas where chain retailers were not as prevalent, have begun purchasing online.
What next for personal accessories?
The forecast for personal accessories in Ukraine remains highly uncertain due to the ongoing war. As a result, projections can only be based on expectations rather than definitive trends.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Accessories industry in Ukraine 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 Ukraine, 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 Ukraine 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 Ukraine?
- Which are the leading brands in Personal Accessories in Ukraine?
- How significant is tourism in determining sales and demand for Personal Accessories in Ukraine?
- How are COVID-19 and global recession impacting demand for Personal Accessories in Ukraine?
- 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 Ukraine
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
Bags and Luggage in Ukraine
KEY DATA FINDINGS
Changes in demographics and a focus on essentials challenge sales of bags and luggage
Duffel and non-luxury handbags perform well, offered at affordable price points
Puma retains its lead of a highly fragmented competitive landscape
Potential for recovery, however, the ongoing demographic shift is expected to challenge growth
Sustainability may be a growing focus as players offer recyclable materials
As players focus on omnichannel strategies, the share of retail e-commerce is expected to rise
Jewellery in Ukraine
KEY DATA FINDINGS
The ongoing war in Ukraine leads jewellery to be considered an unessential item in 2024
Gold, silver, and other precious stones remain an important aspect of Ukrainian identity
Local players hold strong positions in the jewellery landscape, led by domestic company Zolotoy Vek PP
The ongoing demographic shift is expected to challenge growth
Silver jewellery is expected to gain popularity, offering a more affordable alternative to gold
Jewellery and watch specialists are anticipated to lead sales while retail e-commerce gains ground
Traditional and Connected Watches in Ukraine
KEY DATA FINDINGS
Urban consumers support an uplift in retail value and volume growth
Basic quartz digital watches record strong growth, offering affordability to consumers in 2024
Apple leads with almost a quarter of share, appealing through high-tech innovation
The growing reliance on smartphones and smart wearables is expected to pose a challenge to traditional watches
Connected watches and smart wearables set to lead value growth, appealing to younger consumers
Retail e-commerce is expected to gain ground, moving from a browsing platform to a sales platform
Writing Instruments in Ukraine
KEY DATA FINDINGS
Price sensitivity and downtrading impact sales of writing instruments in 2024
Unessential products, such as mechanical pencils, record a decline as consumers focus on necessities
Distributors source writing instruments from local manufacturers, boosting sales
Demographic challenges, including low birth rates, are expected to challenge sales of writing instruments
Consumers are set to prioritise basic writing instruments, as affordability remains key
Luxury writing instruments are expected to remain niche, as expensive brands are viewed unessential
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
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Personal Accessories research and analysis database.
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