Personal Luxury in Hong Kong, China


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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.


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

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