Home and Garden

The coronavirus (COVID-19) pandemic has triggered the most severe global recession in nearly a century. Businesses are operating in a world of anxieties and uncertainties, not knowing what will be the new normal or when output and consumer spending…

The coronavirus (COVID-19) pandemic has triggered the most severe global recession since World War II. In Q4 2020, the end of the pandemic started as countries began administering effective vaccines among the population; however, vaccine distribution…

As the end of 2021 approaches, almost two years into the COVID-19 pandemic, the emergence and rapid spread of the Omicron coronavirus variant has increased uncertainty and weakened the momentum of the global recovery. This series of quarterly reports…

The COVID-19 pandemic and subsequent restrictions in China, including the recent “zero-Covid” policy implemented by the government to control the spread of the virus, had a significant impact on local consumers’ spending patterns. With lockdowns,…

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,…

In 2022, home and garden experienced a further dynamic increase in current value sales in India, following a strong rise in 2021. The country’s rising inflation rate, which rose to 5.8% in 2022, encouraged consumers to be mindful of their purchases…

2022 saw a significant slowdown in value growth across home and garden in Indonesia as demand faltered somewhat after very strong growth was recorded across most categories in 2021 due to demand picking up substantially as the impact of the COVID-19…

The home and garden industry saw current value growth in 2020, as Japanese consumers were confined to their homes, which allowed them to focus on home renovations and gardening. Home improvement, homewares and gardening all witnessed notable current…

The home and garden market witnessed faster growth in 2022 compared to the previous year, underpinned by the immense consumer appetite among Malaysians to furnish their homes and create aesthetically pleasing environments, especially during the…

Value sales growth of home and garden in Singapore notably slowed in 2022 compared to the previous year. Singapore witnessed a major shift with pandemic restrictions easing in 2022, which contributed to this slowdown. Post-pandemic, local consumers…

In 2022, although home and garden in South Korea saw declines in current value terms and in value terms at constant 2022 prices, sales remained higher than the pre-pandemic level, seen in 2019. The increased amount of time spent at home during the…

Home and garden in Taiwan experienced static growth in constant value terms in 2022, in contrast to the more buoyant performance of the previous year. While the country’s inflation rate was relatively low compared to other markets in the Asia Pacific…

Thailand witnessed an increase in consumer confidence in 2022, which was attributed to the reopening of the country to inbound tourism and an increase in international trade. However, there was a surge in the inflation rate due to soaring energy…

In 2022, the Philippines experienced a decline in consumer confidence due to rising inflation caused by higher energy prices. These price hikes were a direct result of the Russia-Ukraine conflict that started in the same year. The rise in energy…

The pandemic led to an economic downturn in China, with GDP growth slowing and job losses increasing. This led to a reduction in consumer spending, especially on perceived non-essential items such as home furnishings. Moreover, during the pandemic,…

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 furnishings in India witnessed an increase in current value sales in 2022, partly to rises in inflation and subsequent price increases. Consumers spent on home furnishings to upgrade their homes due to the economic climate. However, while demand…

After sales of drugs dropped substantially at the peak of the COVID-19 pandemic during 2020, the category has registered a very strong rebound in sales, with the very strong sales performance recorded in the category during 2021 continuing into 2022,…

Home furnishings declined in both current value terms and in value terms at constant 2022 prices in 2022. In addition, sales were lower by both measures in 2022 compared with before the pandemic started, in 2019. After the pandemic hit, Japanese…

Home furnishings witnessed a marked decline in sales in 2020, with all categories except home office furniture and storage furniture seeing negative growth. This was largely attributed to the fact that COVID-19 restrictions led to the postponement of…