Category: Consumer Goods & Retailing
Asia Consumer Goods & Retailing
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South Korea Spectacles
... However, within spectacles, the three categories – readymade reading glasses, spectacle frames, and spectacle lenses – have shown varying growth patterns. The current value growth of readymade reading glasses is expected to decline notably in ... Read More
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Vietnam Tobacco
... smoking tobacco products as a way to relieve stress. Moreover, key players in tobacco products tried to keep their prices as stable as possible so as not to deter consumers who faced increasing pressure on ... Read More
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Thailand Cigarettes
... be negatively affected by the impact of excise tax adjustments, which came into force in October 2021. Cigarette packets priced up to THB72 were subject to a 25% tax levy whilst those priced above TBH72 ... Read More
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Taiwan Spectacles
... Not only are myopia rates rising across all age groups, but the onset of myopia is also occurring at younger ages. The rise of budget-friendly chain eyewear stores is equally playing a significant role in ... Read More
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Taiwan Sunglasses
... eye health is widespread in Taiwan. As a result, sales of sunglasses equipped to withstand sunlight damage are steadily increasing, like polarised sunglasses and UV-block sunglasses. Moreover, in the aftermath of the pandemic, people have ... Read More
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South Korea Sunglasses
... growth can be attributed to a variety of factors, chief amongst them being the rapidly increasing demand for products related to going on holiday and undertaking other trips and outdoor activities. As the pandemic restrictions ... Read More
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Singapore Cigarettes
... sales. Meanwhile, the economy price band saw actual volume growth, benefiting from trading down, as consumers looked for more affordable options. Meanwhile, the premium price band saw an actual volume decline, but a slight share ... Read More
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South Korea Cigars, Cigarillos and Smoking Tobacco
... main drivers behind the growth in consumption of cigars and cigarillos is a characteristic of many young Korean consumers, who are keen to explore new interests and experiences. Since cigars typically come at a higher ... Read More
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South Korea Smokeless Tobacco, E-Vapour Products and Heated Tobacco
... is intensifying. KT&G, Philip Morris Korea, and Rothmans Far East (BAT) are all vigorously engaged in product development and expansion, continuously launching new devices and dedicated stick lines tailored to each device. Euromonitor International's Smokeless ... Read More
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Malaysia Gardening
... in apartment living with limited outdoor spaces. This fuelled demand for compact and vertical gardening solutions. Aligning with this trend, brands such as Baba, Ikea, and Serbajadi, as well as many retailers, invested in innovative ... Read More
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The Philippines Homewares
... Firstly, there was a robust demand for stainless steel and aluminium products due to their durability and versatility. This demand aligned with a broader societal shift towards sustainability, as consumers are increasingly seeking reusable alternatives ... Read More
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India Eyewear
... eyewear have undergone a significant transformation, evolving from mere vision correction tools, to essential fashion accessories. This reflects a growing awareness amongst consumers regarding both the aesthetic appeal and functional benefits offered by eyewear products. ... Read More
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Taiwan Homewares
... many consumers turned their attention to the kitchen to cook and relax, which translated into a notable upturn in value sales of homewares, in particular stove top cookware, ovenware, kitchen utensils and food storage. With ... Read More
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Taiwan Home Furnishings
... rate was relatively low compared to other markets in the Asia Pacific region, elevated food prices, exacerbated by supply chain disruptions arising from the war in Ukraine, placed a squeeze on household budgets. With the ... Read More
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The Philippines Home and Garden
... consumers with more spending power, driving demand for home and garden products. The expansion of the economy was particularly driven by the services sector, including wholesale and retail trade, further boosted consumer confidence, and purchasing ... Read More
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Taiwan Gardening
... of outdoor space in urban areas, many consumers turned to cultivating balcony, container or vertical gardening as a means of creating a green haven This translated into a growing demand for basic gardening essentials, such ... Read More
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Malaysia Home Improvement
... on by an abundance of online tutorials across platforms such as YouTube, Facebook, and Instagram, which have empowered more Malaysians to undertake their own home improvement projects. Moreover, the increased focus on the need for ... Read More
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Taiwan Home Improvement
... paint, continued to perform well, as consumers focused on affordable, small-scale DIY projects. Indeed. consumers are increasingly taking on home improvement tasks themselves, motivated by a desire to personalise their living spaces, achieve cost savings, ... Read More
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The Philippines Home Furnishings
... Filipino workers for flexible arrangements. This shift, with many opting for hybrid or fully remote set-ups, reflects a desire for better work-life balance and increased productivity. Moreover, these models unlock a vast national talent pool, ... Read More
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India Spectacles
... in 2024, reflecting a mature environment with sustained but slower growth. Notably, spectacle lenses remains the primary revenue driver within the category, followed by frames. The increasing prevalence of digital devices is propelling demand for ... Read More
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Malaysia Home and Garden
... value sales. A surge in home renovation projects, fuelled by increased time spent at home following the pandemic, further drove demand for home and garden products. Moreover, the growing DIY culture, popularised through social media ... Read More
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Malaysia Home Furnishings
... trend that developed during the pandemic, the shift towards remote working has led individuals to spend more time in their homes, thereby boosting sales of home office furniture as consumers looked to upgrade their home ... Read More
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South Korea Cigarettes
... Whilst cigarettes experienced a negative performance in 2023, the fact that the overall tobacco industry showed low current value growth in 2023 suggests that a significant transition to substitutes for cigarettes played a major role ... Read More
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Hong Kong, China Sunglasses
... of the importance of wearing sunglasses while outdoors. In addition, consumers not only wear sunglasses for the purpose of protecting their eyes from the sun’s UV rays, but also as a fashion accessory to match ... Read More
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India Sunglasses
... as the growing popularity of sunglasses for fashion reasons. The strong growth trajectory of sunglasses, which began in 2022 and continued in 2023, is showing a similar trend moving into 2024. Euromonitor International's Sunglasses in ... Read More
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