The coronavirus crisis hit the personal luxury goods sector in varying degrees. A recent global study revealed that watches and jewelry market saw the largest decline in 2020, as the market shrank by a quarter compared to its size in 2019. This was followed by the apparel and accessories sector with a reduction of 20 percent in market size. Cosmetics and fragrances market was slightly more resilient to the effects of the pandemic, as this market experienced a 15 percent fall in size.
Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category
The source states that the data is based on elaboration on official annual reports, official companies press release, secondary market data and interviews with key operators/experts within the sector.
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Deloitte. (May 18, 2021). Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1257250/impact-of-covid-on-personal-goods-market/
Deloitte. "Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category." Chart. May 18, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1257250/impact-of-covid-on-personal-goods-market/
Deloitte. (2021). Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1257250/impact-of-covid-on-personal-goods-market/
Deloitte. "Impact of Covid-19 on The Global Personal Luxury Goods Market Based on Year-on-year Change in Market Size in 2019/2020, by Category." Statista, Statista Inc., 18 May 2021, https://www.statista.com/statistics/1257250/impact-of-covid-on-personal-goods-market/
Deloitte, Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category Statista, https://www.statista.com/statistics/1257250/impact-of-covid-on-personal-goods-market/ (last visited December 30, 2024)
Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category [Graph], Deloitte, May 18, 2021. [Online]. Available: https://www.statista.com/statistics/1257250/impact-of-covid-on-personal-goods-market/
