New Consumer Goods research report from Euromonitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 10/28/2014 -- Spain's unemployment rate remained at the alarming level of 25% during the first half of 2014 and it is clear that this has been the worst consequence of the dramatic decline of the Spanish economy which has plagued the country since 2008. It is true that, at macroeconomic level, positive indicators returned during 2014, although it is also true that the majority of Spanish consumers are still far from noticing the positive effects of this supposed recovery and, as a consequence, they have maintained very conservative attitudes towards expenditure. This placed limits on the performance of jewellery in 2014, with value sales set to decline by 1% in current terms.
Spain has a strong domestic jewellery production industry, the roots of which can be traced back to the middle Ages. At the end of the review period, numerous companies were involved in the production of both real jewellery and costume jewellery. Nevertheless, in recent decades, the influence of international competitors has consistently grown in the category and many new competitors have strengthened their presence in the country, especially in real jewellery. One indicator of the rising influence of international chains was the opening of the first Tiffany & Co mono-brand retail outlets in Madrid during 2008.
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Although value sales of jewellery are set to decline in constant 2014 terms over the forecast period, this is still set to represent an improvement on the very weak performance recorded in the category over the review period. The recovery of the Spanish economy is set to be very slow despite the shift towards positive macroeconomic indicators in recent years. Nevertheless, reducing Spain's very high unemployment rate will take much longer. This fact is set to place limits on the growth potential of jewellery in Spain as the disposable income levels of average Spanish consumers are unlikely to recover to the levels they enjoyed prior to the onset of the economic recession as quickly as most would like.
Discover the latest market trends and uncover sources of future market growth for the Jewellery industry in Spain with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Jewellery industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.
The Jewellery in Spain market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- How do sales of costume jewellery compare to real jewellery in Spain?
- What type of jewellery is most popular: rings, wristwear, neckwear, or earrings?
- What are the prospects for non-store retailing in jewellery?
Reasons to Get 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
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