Duty-Free Retailing in Asia-Pacific, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape

Duty-Free Retailing in Asia-Pacific, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape

Summary

The Duty-Free Retailing in Asia-Pacific, 2017-2022, report published by GlobalData, provides analysis of current and forecast market data for duty retail sales across Asia-Pacific.

APAC is the largest duty free market and accounted for more than half of the global duty free sales (53.2%) in 2017. The region achieved duty free sales of US$28.2 billion in 2017 and is forecast to grow at a CAGR of 8.7% to reach US$42.7 billion by 2022. Increasing affluence, rising tourism, and increasing consumer spending are driving sales of duty free products in the region. China, South Korea, Hong Kong, and India, among others, are projected to register healthy growth over the next five years. The high growth of APAC’s duty free sales can also be attributed to the rising Chinese consumer spend in Asian markets coupled with new openings and refurbishment of duty free stores across the major international airports in the region, as well as downtown and even cruise ships.

What else does this report offer?

  • Current market sizes and forecasts to 2022 by categories, including clothing, footwear, jewelry, watches and accessories, and luggage and leather goods
  • Market insights based on consumer trends and changing economic and demographic factors
  • Duty free retail sales and fastest-growing markets for duty free channel
  • Category level retail sales and forecast growth rates in Asia-Pacific
  • Competitive landscape covering market share of major duty free operators and their duty free sales and trading update analysis, recent key events.
Scope
  • South Korea is the largest duty free market in the region and also globally
  • India is the fastest-growing duty free market followed by Japan and China
  • Refurbishments and new store openings to aid growth of duty free sales
  • Duty free retailers expanding their e-commerce presence
  • Expansion of downtown duty free locations to boost sales
  • Increased spending by Chinese travelers is a vital cog in Asian duty free market.
Reasons to buy

Get immediate access to -
  • Reliable duty free retail sales data across Asia-Pacific for 2017 with forecasts for 2022 with information on largest and fastest-growing markets to inform market expansion and to manage risk
  • Explore an in-depth analysis of duty free retail sales data for major markets to identify target categories and develop growth plans
  • Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape
  • Choose partners, understand the competition, with data and analysis of major duty free retailers, including market shares, trading performance, locations, travel retail strategy for each.


  • Executive Summary
    • Duty free retailing - executive summary
  • Regional Analysis
    • Duty free sales by region
    • Growth of duty free sales by region
    • Duty free sales - APAC
    • Duty free sales by sector - APAC
    • Drivers & inhibitors
  • Country Analysis
    • Country summaries
    • Duty free sales by countries
    • Growth in duty free sales by countries
  • Key trends
    • Chinese travelers fuel duty free sales in Asia-Pacific
    • Airports are expanding and renovating to cater to the growing traffic
    • Cosmetics, perfumes, and liquor are the major product categories
    • Duty free retailers expand their e-commerce presence
    • South Korea is the largest duty free market in the region
    • India is the fastest-growing duty free market in Asia-Pacific
  • Key retail innovations
    • Innovation: New concept stores, large screens, augmented reality
    • Innovation: WeChat's new mini program
  • Competitive Landscape
    • Major duty free operators in the APAC region
  • Lotte Duty Free
    • Major operators in APAC - Lotte Duty Free
      • Table Lotte Duty Free trading record (US$ million), 2013-2017
  • DFS
    • Major operators in APAC - DFS
      • Table DFS trading record (-million), 2013-2017
      • Table DFS trading record (US$ million), 2013-2017
  • The Shilla Duty Free
    • Major operators in APAC - The Shilla Duty Free
      • Table The Shilla Duty Free trading record (US$ million), 2013-2017
  • Ever Rich Group
    • Major operators in APAC - Ever Rich Group
      • Table Ever Rich Group trading record (US$ million), 2013-2017
  • China Duty Free Group (CDFG)
    • Major operators in APAC - China Duty Free Group (CDFG)
      • Table China Duty Free Group trading record (US$ million), 2013-2017
  • King Power International (Thailand)
    • Major operators in APAC - King Power International (Thailand)
      • Table King Power International (Thailand) trading record (US$ million), 2013-2017
  • Sky Connection Duty Free
    • Major operators in APAC - Sky Connection Duty Free
      • Table Sky Connection Duty Free trading record (US$ million), 2013-2017
  • Japan Airport Terminal Co. (JATCO)
    • Major operators in APAC - Japan Airport Terminal Co. (JATCO)
      • Table Japan Airport Terminal Co. trading record (US$ million), 2013-2017
  • King Power Group (Hong Kong)
    • Major operators in APAC - King Power Group (Hong Kong)
      • Table King Power Group (Hong Kong) record (US$ million), 2013-2017
  • Dufry
    • Major operators in APAC - Dufry
      • Table Dufry trading record (SFr million), 2013-2017
      • Table Dufry trading record (US$ million), 2013-2017
      • Table Dufry pro-forma (US$ million), 2013-2017
  • Sector Analysis
    • Duty free category sales by country 2017 & 2022
  • Appendix
    • Country Coverage
    • Exchange Rates
      • Table Exchange Rates
    • Definitions
    • Methodology

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