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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, 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."

Definition:

The Accessories market comprises a range of products designed for private end consumers. The market is diverse and encompasses various product categories such as watches and jewelry, as well as luggage and bags. Products such as watch parts or watchbands, non-wearable items, or protective bags and cases for electronic devices such as notebooks or cameras are not included in this market.

Structure:

The Accessories market is divided into two main sections:

  • The Watches & Jewelry market includes watches, pocket watches, stopwatches, and jewelry watches. The market also includes brooches, rings, necklaces, earrings, and bracelets made from various materials.
  • The Luggage & Bags market includes open and closable containers made from any material to transport items. Unprocessed textiles, saddlery, travel sewing kits, shoe care kits, and leather goods are not included.
  • Additional information:

    The market comprises revenues and average revenue per capita. Revenues are generated through both online and offline sales channels. The key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

    In-Scope

    • Watches and Jewelry
    • Luggage and Bags
    • Small leather goods
    • Handbags

    Out-Of-Scope

    • Sunglasses
    • Phone or tablet covers
    • Gloves, scarfs, hats, and umbrellas
    • Bracelets and belts
    • Hair accessories
    Accessories: market data & analysis - Cover

    Market Insights report

    Accessories: market data & analysis

    Study Details

      Revenue

      Notes: Data was converted from local currencies using average exchange rates of the respective year.

      Most recent update: Sep 2024

      Source: Statista Market Insights

      Most recent update: Sep 2024

      Source: Statista Market Insights

      Key Players

      Most recent update: Mar 2024

      Source: Statista Market Insights

      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.

      Sales Channels

      Most recent update: Mar 2024

      Source: Statista Market Insights

      Global Comparison

      Most recent update: Sep 2024

      Source: Statista Market Insights

      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.

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      Accessories: market data & analysis - BackgroundAccessories: market data & analysis - Cover

      Key Market Indicators

      Notes: Based on data from IMF, World Bank, UN and Eurostat

      Most recent update: Sep 2024

      Source: Statista Market Insights

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