Luxury Goods in Hong Kong, China

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,210	43 Pages	Euromonitor International	August, 2022	EP17362496

Attention: There is an updated edition available for this report.

Best Price Guarantee
Price	from $1,210
Length	43 Pages
Publisher	Euromonitor International
Published Date	August, 2022
SKU	EP17362496

Luxury Goods in Hong Kong, China

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.

Luxury Goods in Hong Kong, China
Euromonitor International
August 2022
List Of Contents And Tables
LUXURY GOODS IN HONG KONG, CHINA
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