Except for a minimal number, almost all people in the world care for their appearance, and that includes Iranian society of course. Since the items in this range mostly are not produced in the country, Iran yearly spends millions of dollars on importing them from overseas.
Personal accessories are considered as luxury goods and are intensely affected by disposable income; then economic depression must have decreased the demand for such a product.
However, official data reveal that regardless the recent economic depression in the country urban population have increased their expenditure on personal accessories by a CAGR of 200% since 2013.
How? By spending money on cheap goods, fake brands, and smuggled commodities. That is the reason for Chinese products to have the highest share in the market in almost every category. However, as of 2015 and sanctions removal, Iran has been faced with more alternatives to choose between, among which those with better prices and quality have a better chance.
To summarize, the market is facing with an increasing demand for personal accessories while the potential buyers have a limited budget to spend on these products because of the economic downturn. Besides, the government is strictly fighting against contraband activities. This complicated situation though can be considered as a big opportunity for those suppliers who can provide the market with their globally renowned brands, but at prices affordable enough to be paid by Iranians like what TAG Heuer did, a recognized Swiss watch brand.
If you need more information in this industry we can provide you with a report including the following sections:
- Country Overview
- Market Highlights
- Market Influencers (including market drivers and trends)
- Supply Chain (company profile and product portfolio of key players)
- SWOT Analysis (strengthens, weaknesses, opportunities, and threats)
- Future Projection
This report gives you a general overview of the industry and the list of top producers and distributors in the market. It provides a deep understanding the significant market shortages and the best opportunities in this industry. Besides, the report will inform you about the key influencers in the market, current trends, and future outlook.
Purchase Industry’s Key Players Directory
If you only need the contact details of Iranian companies active in your industry, you can purchase our industry-specific directory. The directory includes:
- List of 20-300 Companies, based on the industry
- Company Name
- Company Address
- Contact Person
- Website, if any
This list enables you to directly get in touch with potential Iranian buyers/partners and kick-start your negotiations in Iran. Before we send the directory to you, we contact these companies and check the contact information of every single company on the directory and make sure we provide fresh and accurate data to you.
However, if you need more specific insights about your market or looking for information about particular products, you may ask us to prepare a tailored research just for your product. If that is the case, just click here.