Understand the cultural and socioeconomic influences that shape i...
Understand the cultural and socioeconomic influences that shape industry demand throughout Asia-Pacific, with local insight, market statistics and analysis ranging from strategic regional overview to in-depth coverage by country or city.
Home furnishings recorded a weak performance in 2022. Stagflation and a significant decline in the housing market were the biggest causes of this, as sales in Hong Kong are heavily linked to individuals buying new properties. Big-ticket furniture…
Home and garden current value sales in Hong Kong marginally declined in 2022 compared to the previous year’s dynamic performance, driven primarily by the presence of COVID-19 lockdowns in the city. Social distancing rules, retail store closures,…
The pandemic drove up interest in gardening in Hong Kong, as local consumers were forced to spend greater time at home. Early 2022 saw further lockdowns in the city, which prevented consumers from venturing outside of their homes, and therefore their…
In 2022, pandemic restrictions started to ease in Singapore. Hence, consumer foodservice reopened with more regular hours and local citizens stopped cooking as much at home, with greater mobility reducing the time that they had to prepare their own…
Overall, home improvement recorded a notable slowdown in current value growth in 2022 compared to the previous year. This was because many local consumers had mostly completed their home improvement projects during the pandemic. This mainly refers to…