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.