> >Luxury Goods in Hong Kong, China
New Luxury Goods in Hong Kong, China View larger

Luxury Goods in Hong Kong, China

M00013678

New product

In stock

$1,210.00

More info

The luxury goods industry is set to continue to record a dynamic rebound in current value sales in 2022, after a year of dramatic decline in 2020 due to COVID-19. With the fifth wave of the pandemic involving the rapid spread of the Omicron variant, retail sales in Hong Kong were heavily impacted in Q1 2022. However, as social restrictions eased on 20 April, luxury sales rebounded quickly due to the pent-up demand. In addition, the government launched the local consumption voucher scheme to boos...

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 2026 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 2022: The big picture 2022 key trends Competitive landscape Retailing developments What next for luxury goods?

MARKET DATA

Table 1 Sales of Luxury Goods by Category: Value 2017-2022 Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022 Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022 Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021 Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021 Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022 Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027 Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources

EXPERIENTIAL LUXURY IN HONG KONG, CHINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Local demand recovers as players offer staycation packages to stimulate sales Unique premium hotels bring competition to luxury hotels Luxury hotels participate in the government's Designated Quarantine Hotel Scheme for survival

PROSPECTS AND OPPORTUNITIES

The COVID-19 spike in early 2022 contributes to difficulties for luxury foodservice Luxury hotels expected to recover by 2024, and players need to adapt to the emerging trend of "bleisure" travellers Luxury hotels must adapt to digital transformation before international travel resumes in Hong Kong

CATEGORY DATA

Table 9 Sales of Experiential Luxury by Category: Value 2017-2022 Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022 Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021 Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021 Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027 Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027

FINE WINES/CHAMPAGNE AND SPIRITS IN HONG KONG, CHINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Recovery starts in May 2022 as pandemic restrictions are relaxed More educated local consumers are driving the growth of fine wine and spirits, with luxury whiskies being a dynamic category Home seclusion benefits at-home consumption

PROSPECTS AND OPPORTUNITIES

Resurgence for luxury brandy and cognac driven by brand rejuvenation E-commerce will continue to gain share The absence of travel retail could remain a disruptor

CATEGORY DATA

Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022 Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022 Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021 Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021 Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022 Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027 Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027

PREMIUM AND LUXURY CARS IN HONG KONG, CHINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Premium and luxury cars sees moderate growth in 2022 Mercedes-Benz maintains its lead, but Tesla continues to see dynamic growth

PROSPECTS AND OPPORTUNITIES

Growth in electric vehicles will be driven by well-established infrastructure and government promotion Growing demand driving the development of luxury electric SUVs

CATEGORY DATA

Table 22 Sales of Premium and Luxury Cars: Value 2017-2022 Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022 Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021 Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021 Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027 Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027

PERSONAL LUXURY IN HONG KONG, CHINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Designer apparel and footwear (ready-to-wear) Luxury eyewear Luxury jewellery Luxury leather goods Luxury wearables Luxury timepieces Luxury writing instruments and stationery Super premium beauty and personal care

PROSPECTS AND OPPORTUNITIES

Consumers' economic status is a disruptor in personal luxury, luxury brands will rely on top spenders more than ever Luxury jewellery expected to remain resilient The increased appeal of luxury goods to millennials and gen Z is promising for the future

CATEGORY DATA

Table 28 Sales of Personal Luxury by Category: Value 2017-2022 Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022 Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021 Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021 Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022 Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027 Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027