New Market Report: Bags and Luggage in Indonesia
The growing Indonesian economy facilitates continuous growth of disposable income per capita and fast growth of middle class groups. Spending on non-basic needs is therefore increasingly more affordable. In the upper income groups, Indonesia is among the fastest in terms of incremental number of high net worth individuals in Asia and is estimated to be third after China and India by 2015. Spending on luxury needs therefore increased, gearing demand for premium and luxury consumer goods...
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