Accessories - Puerto Rico

Puerto Rico

In Puerto Rico, the revenue in the Accessories market in 2024 is estimated to be US$524.60m.
It is projected to experience an annual growth rate of 5.92% from 2024 to 2029 (CAGR 2024-2029).
The largest segment within this market is Watches & Jewelry, which is expected to have a market volume of US$347.30m in 2024.
When compared globally, in China generates the highest revenue, amounting to US$155bn in 2024.
In terms of per capita income, each person in Puerto Rico is projected to generate revenues of US$160.50 in 2024.
"Despite economic challenges, Puerto Rico's accessories market is thriving with a vibrant mix of traditional craftsmanship and modern designs."

Key regions: Worldwide, United States, India, Canada, Germany

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Analyst Opinion

The global tourism market is growing steadily, outperforming the global economy, with both arrivals and inbound receipts set to grow. The tourism industry fulfills the longing for foreign countries and cultures and is one of the most important economic factors. Low-cost airlines allow shopping trips into international markets and accessories are gladly bought abroad, in order to make the own wardrobe even more individual and more unusual. For the consumer, brands play an important role in the purchase of accessories. However, brand awareness has changed in recent years, especially through social media and bloggers, who play an important role in how the brand is perceived and what target group it addresses.

Methodology

The Accessories 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 Accessories industry.