Luxury apparel accessories have faced significant challenges in 2023 due to a high inflationary environment, the ongoing war in Ukraine, a slowdown in the Chinese economy, persistent supply chain disruptions, and a decline in consumer confidence. These factors have resulted in a notable drop in share and sales of high-value apparel accessories in 2023.
While demand for ties in the United Arab Emirates quickly recovered from the significant drop in 2020 resulting from pandemic-induced home seclusion and remote working, the outlook is less positive. As the fashion world increasingly leans towards a casual and laid-back aesthetic, the wearing of ties is likely to remain confined to more important formal and corporate contexts.
As an increasing number of brands recognise that consumers base their purchasing decisions on a player's social and corporate standing, some luxury retailers are turning to virtual influencers as a "safer" alternative. Virtual influencers are entirely computer-generated, fictional personalities.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in United Arab Emirates with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See All of Our DefinitionsThis report originates from Passport, our Apparel Accessories research and analysis database.
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