Jewelry, Watches & Accessories in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the South Africa jewelry, watches & accessories market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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Leading company profiles reveal details of key jewelry, watches & accessories market players’ global operations and financial performance
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Macroeconomic indicators provide insight into general trends within the South Africa economy
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What was the size of the South Africa jewelry, watches & accessories market by value in 2015?
What will be the size of the South Africa jewelry, watches & accessories market in 2020?
What factors are affecting the strength of competition in the South Africa jewelry, watches & accessories market?
How has the market performed over the last five years?
How large is South Africa’s jewelry, watches & accessories market in relation to its regional counterparts?
The Jewelry, Watches and Accessories market includes gold jewelry, silver jewelry and other precious jewelry like diamonds, platinum, precious stones (sapphires, emeralds and rubies), pearls (natural and cultured) and semi-precious stones (e.g. quartz, opal, topaz, amethyst, coral etc.), fashion jewelry (non-precious jewelry), hair accessories, belts, hats, gloves, scarves, sunglasses and ties, plus watches.
The South African jewelry, watches & accessories market had total revenues of $1,054.9m in 2015, representing a compound annual growth rate (CAGR) of 5.3% between 2011 and 2015.
Department stores account for the largest proportion of sales in the South African jewelry, watches & accessories market in 2015, sales through this channel generated $309.6m, equivalent to 29.4% of the market's overall value.
As Asian economic growth rates are slowing down, luxury goods companies may attempt to accelerate their presence in Africa to capture untapped demand.