2016 Opportunities in Personal Accessories
In 2016, global sales of personal accessories are set to grow by 2%, based on US$ year-on-year exchange rates. Personal accessories is forecast to enjoy a CAGR of 4% from 2016-2021 to reach US$633,415 million based on constant 2016 prices. Jewellery continues to be the best performing category, buoyed by growth in Asia Pacific, especially in China and India, which have proved to be resilient amidst economic turbulence. This is due to cultural factors, intrinsically linked to demand for gold jewellery in China and India.