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PUBLISHER: Euromonitor International | PRODUCT CODE: 1358323
PUBLISHER: Euromonitor International | PRODUCT CODE: 1358323
Luxury Goods in Hong Kong, China
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PAGES: 45 Pages
DELIVERY TIME: 1-2 business days
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Retail value sales of luxury goods in Hong Kong rose by 12% in 2023 in current terms, to amount to HKD124.7 billion, exceeding the pre-pandemic level of sales. The revival of shopping in person, socialising, and the resurgence of travel and tourism presented favourable opportunities for consumers to indulge in upscale shopping and recreational pursuits, consequently driving an upswing in sales.
Euromonitor International's Luxury Goods in Hong Kong, China report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers' shopping patterns. Forecasts to 2027 illustrate how the market is set to change
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Luxury Goods market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market's major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Product Code: LUXHK
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
- Luxury goods in 2023: The big picture
- 2023 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2018-2023
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2018-2023
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
- Table 4 NBO Company Shares of Luxury Goods: % Value 2018-2023
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2019-2023
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2023
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2023-2028
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
- Summary 1 Research Sources
EXPERIENTIAL LUXURY IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Current retail value sales of experiential luxury on the rise in 2023
- Luxury foodservice records the highest value increase within the category overall in 2023
- Hyatt Hotels Corp is the leading player within experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
- Current retail sales value expected to see an increase over forecast period
- Luxury hotels is expected to register the best performance over the forecast period
CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2018-2023
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2018-2023
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
FINE WINES/CHAMPAGNE AND SPIRITS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Fine wines/champagne and spirits sees rising current retail value sales in 2023
- Fine wines sees the biggest value sales in the last year of the review period
- Fine wines/champagne and spirits is led by Moet Hennessy Diageo Hong Kong Ltd in 2022
PROSPECTS AND OPPORTUNITIES
- Value sales forecast to increase in constant 2023 terms over 2023-2028
- Fine wines expected to experience the fastest percentage CAGR increase during 2023-2028
CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2018-2022
- Table 18 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2018-2023
- Table 19 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2023-2028
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2023-2028
PREMIUM AND LUXURY CARS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Current retail value sales fall within premium and luxury cars in 2023
- Number of premium and luxury cars declining
- Premium and luxury cars is led by Tesla Inc in 2022
PROSPECTS AND OPPORTUNITIES
- Value sales of premium and luxury cars forecast to rise over 2023-2028
- Online sales look set to increase
- Growth in electric cars expected
CATEGORY DATA
- Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
- Table 22 Sales of Premium and Luxury Cars by Category: % Value Growth 2018-2023
- Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2023
- Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 25 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
- Table 26 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
PERSONAL LUXURY IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Personal luxury sees rising current retail value sales in 2023
- Designer apparel and footwear (ready-to-wear) dominated by designer apparel (ready-to-wear)
- Luxury eyewear records rise in value sales
- Retail value sales of luxury jewellery increase in 2023
- Luxury leather goods sees positive value growth in 2023
- Value sales of luxury wearables electronics remain limited in 2023
- Luxury timepieces sees value increase
- Value sales of writing instruments and stationery see a marginal decline in 2023
- Value of super premium beauty and personal care sees a sales rise
- Richemont Asia Pacific Ltd holds the lead in personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
- Value sales look set to increase in 2023 constant terms during the forecast period
- Luxury timepieces looks set to remain biggest subcategory in value terms in 2028
- Luxury leather goods looks likely to see the most dynamic percentage growth over forecast period
CATEGORY DATA
- Table 27 Sales of Personal Luxury by Category: Value 2018-2023
- Table 28 Sales of Personal Luxury by Category: % Value Growth 2018-2023
- Table 29 NBO Company Shares of Personal Luxury: % Value 2018-2023
- Table 30 LBN Brand Shares of Personal Luxury: % Value 2019-2023
- Table 31 Distribution of Personal Luxury by Format: % Value 2018-2023
- Table 32 Forecast Sales of Personal Luxury by Category: Value 2023-2028
- Table 33 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
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