Hong Kong, China

At-home eating was encouraged by home seclusion and social distancing policies to combat the COVID-19 pandemic in 2020 and 2021. Flavoured and plain spoonable yoghurt were two of the non-staple foods that most benefited, as many consumers correlate…

In line with most other dairy products, condensed milk and cream both experienced a significant surge of demand in 2020 and 2021 stemming from anti-COVID-19-pandemic home seclusion trends and increased at-home eating. Chinese-style dishes that Hong…

Milk saw retail volume decline earlier in the review period due to the increasing diversity of substitutes that became available, both food and drink, with these attracting impulse purchases and often viewed as better meeting nutritional needs. In…

Similar to most other dairy products and alternatives, cheese also greatly benefited from home seclusion and a rise in at-home eating as a result of the COVID-19 pandemic in 2020 and 2021. The increase in cheese consumption benefited from a number of…

In 2020, butter and spreads saw a strong retail volume growth as home seclusion and social distancing increased consumers’ interest in home cooking and baking. While margarine and spreads still saw sales decline in the year, it was butter that…

Hong Kong baby food sales plummeted in 2020, due to the ban on cross-border activities that hindered consumption by mainland Chinese tourists, smugglers and Hong Kong consumers sending milk formula to Chinese relatives or friends. Big brands that…

Hong Kong is heavily dependent on food, agricultural products, fossil fuels and water imports, primarily from mainland China, which makes it prone to global price fluctuations and prevailing political tensions with Beijing. Hong Kong’s water supply…

Strict travel restrictions are still in place as of August 2021 and non-residents are not allowed to enter Hong Kong unless they are fully vaccinated and are travelling to Hong Kong from a medium risk place. Moreover, all visitors travelling to Hong…

Hong Kong’s tourism market declined significantly during 2019 and 2020 due to the impact of the non-extradition bill protests and COVID-19. Apart from airlines, hotels and travel intermediaries, the retailing industry also suffered greatly given the…

Intermediaries offline suffered a significant decline during the COVID-19 pandemic, especially those travel agencies that target tourists from Mainland China like China Travel Service and Golden Win International Travel. The number of travel agents…

Hotels have been hit hard by the COVID-19 pandemic, dropping from almost full capacity to a single-digit occupancy rate during the first quarter of 2020. Furthermore, the share of domestic demand for lodging grew significantly due to strict border…

The loss of foreign tourist demand has been the main cause of the significant decline in car rental in 2020 and 2021. Despite the rising number of domestic transactions, car rental in Hong Kong is still highly dependent on tourist demand. The…

Hong Kong’s airlines industry has suffered huge losses since the outbreak of COVID-19, with the drop in inbound arrivals by air exceeding those of other transport modes such as ferry or by land. The government announced that it would deny entry to…

Given the vast potential in terms of population and economic growth, Asia is set to become the backbone of the world’s consumer markets. Over half of global consumer expenditure will originate in the region. As a result, Asia Pacific will attract…

Insights and data on the traditional automotive sector and the mobility industry can help businesses examine how changing travel patterns will impact future consumer behaviour. Growing climate pressures and rising urbanisation rates are pushing…

After the initial outbreak of COVID-19, consumers in Hong Kong were much more conscious of their personal health. This phenomenon can be seen from the sudden growth of activity bands and digital activity watches in 2020. However, as the cost of…

Wireless speakers saw dynamic double-digit retail volume growth in 2020, and a strong although slower rate of growth is set to extend into 2021, with the major reason being the stay at home trend. The emergence of COVID-19 deterred Hong Kong…

The COVID-19 outbreak had a strong negative impact on retail volume sales of smartphones in early 2020. A slow recovery in sales started to be seen towards the second half of 2020, which has extended into 2021. In fact, 2021 is set to be the first…

In-car navigation saw retail volume declines for most of the review period, but the COVID-19 outbreak accelerated the decline significantly in 2020. Since the major target audience for in-car navigation systems is drivers that travel between Hong…

With travel off the cards in 2020 due to COVID-19, imaging devices saw a poor performance, whilst the category is set to return to slow growth in 2021. With the hope of a travel bubble agreement being established with the Singapore government,…