Category: Consumer Goods
Asia Consumer Goods
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China Eyewear
... see a slower but solid single-digit current value growth rate in 2024, with spectacles, contact lenses, and sunglasses all expected to show growth. On the one hand, in 2023 most of the pent-up demand due ... Read More
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Thailand Gardening
... spaces became something of a sanctuary for those confined to their homes. Despite the return of consumers to their busier post-pandemic lifestyles, they maintained a strong interest in this pastime, largely due to its known ... Read More
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Singapore Homewares
... cooking. Despite not cooking frequently at home, they exhibit a propensity for acquiring items related to cooking, such as homewares, possibly driven by a sense of preparedness, a penchant for collecting homewares, or aspirations to ... Read More
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Taiwan Video Games
... over inflation amid stagnant payment levels amongst the majority of office workers influenced demand trends. Despite underlying economic pressures, video games continued to see strong retail value (constant 2023 prices) growth. Video games continued to ... Read More
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China Contact Lenses and Solutions
... the one hand, the rapid expansion of sales in recent years has led to the increasing maturity of the category. Consequently, there has been a reduction in the influx of new consumers, resulting in a ... Read More
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Indonesia Home Improvement
... stability, which have supported various industries. In turn, this also supports the ongoing urbanisation trends alongside consumers’ strengthening financial confidence and spending power. Moreso, the Indonesian government's emphasis on infrastructure development further fuels demand for ... Read More
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Singapore Home Improvement
... growth in Singapore, owing to its enduring popularity and the valued benefits it offers to Singaporean homeowners. Renowned for its easy maintenance, wooden flooring is also preferred as it brings warmth, elegance, and natural beauty ... Read More
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Thailand Eyewear
... return to pre-pandemic patterns and habits. The result is increasing optimism in the local market. The return to offices, schools, out-of-home socialising and travel are supporting demand across all eyewear categories – especially in sunglasses. ... Read More
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Thailand Home and Garden
... in the country, thanks to the economic fallout of the COVID-19 pandemic and the war in Ukraine. Given Thailand’ reliance of imports, disruptions to supply chain operations served to increase inflation, as manufacturers passed on ... Read More
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Thailand Homewares
... a particular increase in demand, indicating a rising fascination with authentic Thai cuisine. Thailand is a popular destination for food tourism, attracting visitors from around the world eager to explore its rich culinary heritage. With ... Read More
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Thailand Home Furnishings
... which accounts for the bulk of retail value sales. Towards the end of the review period, the market for indoor furniture witnessed an increased demand for space-saving, multinational designs, reflecting the country's ongoing urbanisation and ... Read More
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Indonesia Home Furnishings
... the country is closely intertwined with Indonesian culture and festivities, thus witnessing a surge in purchases during key seasons such as Ramadan, Chinese New Year, and the Gregorian calendar New Year. In addition to textiles ... Read More
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Azerbaijan Cigarettes
... public places, smoking rates remain stubbornly high, especially among men. As such, smoking prevalence only reduced very slightly in 2024, though due to a growing population, it did not register in a fall in volume ... Read More
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Indonesia Sunglasses
... has slowed following the rapid recovery in the immediate wake of the COVID-19 crisis when it benefited from the full lifting of the pandemic restrictions and consumers’ “revenge traveling”. It is important to note that ... Read More
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Malaysia Sunglasses
... lifestyles. The revival of international air travel has caused an increase in duty-free sales through various airports, including sales of sunglasses. This has been supported by the opening of more duty-free shops, such as Heinemann ... Read More
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The Philippines Eyewear
... context of gradually improving economic conditions, including government efforts to contain inflation, which will encourage consumer spending. The concept of Business Process Outsourcing (BPO), which involves delegating certain business functions, such as customer service, to ... Read More
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Taiwan Traditional Toys and Games
... end of 2022. Many consumers resumed travel and out-of-home socialisation, which limited the time and money spent on traditional toys and games. Moreover, still relatively high inflation amid stagnant payment levels hit spending power. Rising ... Read More
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Malaysia Eyewear
... lifestyles. Retailers are leveraging this trend to stimulate sales by offering frequent and regular discounts. At the same time, fast-fashion spectacles packages are becoming more prevalent, with this being driven by value-seeking behaviour. Most optical ... Read More
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Indonesia Homewares
... strong during the era of the pandemic lockdowns and restrictions, which continued through working-from-home arrangements as society started to normalise post-pandemic. Now, even though consumers have returned to busy out-of-home lifestyles and re-embraced foodservice, home-cooking ... Read More
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Singapore Home Furnishings
... in 2023. As living spaces became more compact, residents were compelled to adopt a careful approach to furniture selection, balancing functionality, comfort, and aesthetics within confined quarters. This shift underscores a preference for versatile pieces ... Read More
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China Spectacles
... growth trajectory. In terms of category performances, spectacle lenses is expected to continue leading with double-digit growth, driven by the ongoing trends towards upscale and specialised products. On the other hand, spectacle frames, as complementary ... Read More
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Indonesia Eyewear
... to their older counterparts. These notable differences include a greater emphasis on spending on experience rather than on possessions, though these experiences are then largely commodified in the form of social media content. This is ... Read More
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Thailand Home Improvement
... with the return to busier, pre-pandemic lifestyles, there was a decline in demand for many products within the category. In addition, the property market saw a slowdown in demand during the year, in the context ... Read More
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Indonesia Gardening
... aesthetic and health and wellbeing reasons and, in turn, this helps to support sales of (small) pots and planters, fertilisers, and hand gardening tools. On the other hand, large gardening items (e.g., lawn mowers) are ... Read More
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Thailand Spectacles
... regarded as essential by those who need them, and even when times are tough financially consumers will buy them, with many shifting from contact lenses in order to save money. Euromonitor International's Spectacles in Thailand ... Read More
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