Luxury Goods - Indonesia

  • Indonesia
  • In 2024, the Luxury Goods market in Indonesia is projected to generate a revenue of €1,675.00m.
  • This market is expected to experience an annual growth rate of 3.87% (CAGR 2024-2028).
  • Among the various segments within the Luxury Goods market, the largest one is Prestige Cosmetics & Fragrances, which is estimated to have a market volume of €710.00m in 2024.
  • When compared globally, in the United States stands out as the country generating the highest revenue, with an estimated amount of €71,660m in 2024.
  • Considering the population size, the per capita revenue generated in Indonesia's Luxury Goods market is approximately €5.99 in 2024.
  • Furthermore, it is expected that 14.6% of the total revenue in the Luxury Goods market will be generated through online sales by 2024.
  • These numbers reflect the significant presence of the Luxury Goods market in Indonesia and its potential for growth in the coming years.
  • Indonesia's growing middle class is fueling a surge in demand for luxury goods, with international brands expanding their presence in the country's major cities.

Key regions: United States, Russia, India, Singapore, United Kingdom

 
Mercado
 
Región
 
Comparación de regiones
 
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Analyst Opinion

When marketing luxury, exclusivity constitutes the conceptual key element. This exclusivity is maintained mainly by a high price point but also by consciously limiting sales volumes and outlets. 2018 was a good year for luxury goods companies, continuing the rebound of the global luxury goods industry which started in 2017 after two relatively sluggish years. Key trends shaping the industry are a continued emphasis on manufacturer-owned retail, a more pronounced shift of sales from the established core markets in Central & Western Europe, North America, and Japan to Greater China and other emerging markets, as well as the increasing role of a fast-growing eCommerce channel.

Methodology

The Luxury Goods market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Goods industry.

Visión general

  • Revenue
  • Analyst Opinion
  • Sales Channels
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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