| Product Code: ETC6317755 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Barbados` personal luxury goods import market in 2024 saw a significant concentration of import shipments, with top exporting countries being the USA, Trinidad and Tobago, Panama, Canada, and India. Despite a high Herfindahl-Hirschman Index (HHI), indicating market concentration, the industry maintained a strong compound annual growth rate (CAGR) of 11.91% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024, with a -8.19% rate. This data suggests a dynamic and competitive environment for luxury goods imports in Barbados, with opportunities for continued growth and market diversification.


1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Barbados Personal Luxury Goods Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Personal Luxury Goods Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Personal Luxury Goods Market - Industry Life Cycle |
3.4 Barbados Personal Luxury Goods Market - Porter's Five Forces |
3.5 Barbados Personal Luxury Goods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.6 Barbados Personal Luxury Goods Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Barbados Personal Luxury Goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the population in Barbados |
4.2.2 Growing tourism sector leading to higher demand for luxury goods |
4.2.3 Influence of global luxury trends on consumer preferences in Barbados |
4.3 Market Restraints |
4.3.1 High import duties and taxes on luxury goods in Barbados |
4.3.2 Economic instability and fluctuations in exchange rates affecting consumer spending |
4.3.3 Limited availability of luxury brands and products in the local market |
5 Barbados Personal Luxury Goods Market Trends |
6 Barbados Personal Luxury Goods Market, By Types |
6.1 Barbados Personal Luxury Goods Market, By Distribution Channel |
6.1.1 Overview and Analysis |
6.1.2 Barbados Personal Luxury Goods Market Revenues & Volume, By Distribution Channel, 2021- 2031F |
6.1.3 Barbados Personal Luxury Goods Market Revenues & Volume, By Offline, 2021- 2031F |
6.1.4 Barbados Personal Luxury Goods Market Revenues & Volume, By Online, 2021- 2031F |
6.2 Barbados Personal Luxury Goods Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Barbados Personal Luxury Goods Market Revenues & Volume, By Hard luxury, 2021- 2031F |
6.2.3 Barbados Personal Luxury Goods Market Revenues & Volume, By Apparel, 2021- 2031F |
6.2.4 Barbados Personal Luxury Goods Market Revenues & Volume, By Cosmetics and perfumes, 2021- 2031F |
6.2.5 Barbados Personal Luxury Goods Market Revenues & Volume, By Accessories, 2021- 2031F |
6.2.6 Barbados Personal Luxury Goods Market Revenues & Volume, By Others, 2021- 2031F |
7 Barbados Personal Luxury Goods Market Import-Export Trade Statistics |
7.1 Barbados Personal Luxury Goods Market Export to Major Countries |
7.2 Barbados Personal Luxury Goods Market Imports from Major Countries |
8 Barbados Personal Luxury Goods Market Key Performance Indicators |
8.1 Average spending per luxury item in Barbados |
8.2 Number of luxury brands entering the Barbados market |
8.3 Percentage growth in online sales of luxury goods in Barbados |
9 Barbados Personal Luxury Goods Market - Opportunity Assessment |
9.1 Barbados Personal Luxury Goods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.2 Barbados Personal Luxury Goods Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Barbados Personal Luxury Goods Market - Competitive Landscape |
10.1 Barbados Personal Luxury Goods Market Revenue Share, By Companies, 2024 |
10.2 Barbados Personal Luxury Goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |