Prior to the pandemic, Chile was already witnessing a gradual decline in demand for ties, reflecting a broader shift towards more casual attire. This shift was not only confined to social settings but was also evident within workplaces due to more relaxed dress codes.
The landscape of apparel accessories in Chile is marked by a significant degree of fragmentation, with smaller players categorised under "others" commanding a substantial 88% retail value share in 2023. The burgeoning prevalence of international e-commerce platforms such as Shein, AliExpress, and Shopee is poised to further accentuate this fragmentation within the category.
Amid soaring inflation, apparel accessories are emerging as popular gift choices due to their cost-effective nature in comparison to other apparel and footwear categories. As purchasing power decreases during inflationary periods, consumers are increasingly drawn to affordable yet considerate gift options.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Chile 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 Chile, 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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