
Personal Luxury in Hong Kong, China
Description
Personal Luxury in Hong Kong, China
Personal luxury retail value sales rose by 12% in 2023 to reach HKD90.5 billion, supported by growth recorded by leading brand providers, such as Richemont Asia Pacific Ltd and Rolex (Hong Kong) Ltd. The resumption of international travel greatly benefited personal luxury businesses in Hong Kong, as evidenced by the sales and foot traffic at Harbour City, the city’s biggest shopping centre, which have now surpassed 70% of their 2019 peak level. Sales growth in 2023 was also fuelled by individual...
Euromonitor International's Personal Luxury in Hong Kong, China report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Personal Luxury 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.
Table of Contents
28 Pages
- Personal Luxury in Hong Kong, China
- Euromonitor International
- October 2023
- List Of Contents And Tables
- 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 1 Sales of Personal Luxury by Category: Value 2018-2023
- Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
- Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
- Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
- Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
- Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
- Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
- LUXURY GOODS IN HONG KONG, CHINA
- EXECUTIVE SUMMARY
- Luxury goods in 2023: The big picture
- 2023 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 8 Sales of Luxury Goods by Category: Value 2018-2023
- Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
- Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
- Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2023
- Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2023
- Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
- Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
- Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
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