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Country Report

Personal Accessories in

Personal Accessories in Hong Kong, China

38 pages, Jul 2018

US$1,210

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Executive Summary

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Value sales rebound as mainland Chinese tourists return

In 2018, Hong Kong, China continued to welcome an increasing number of mainland Chinese tourists. According to the Hong Kong Tourism Board’s statistics, as of April 2018, arrivals from mainland China increased strongly, compared with the corresponding period in the previous year.

Millennials and Generation Z are fast becoming core luxury goods consumers

Local and mainland Chinese millennials and Generation Z are emerging as significant drivers of luxury goods sales in Hong Kong. With wealth expansion and more sophisticated tastes, these young adult consumers demand not only prestigious brands, but also more exclusive shopping experiences.

Global brands top bags and watches while local retailers lead jewellery

Within bags and luggage and watches, global luxury goods groups like LVMH Moët Hennessy, Kering and Richemont occupy leading positions with their iconic brands, such as Louis Vuitton, Céline, Gucci, Bottega Veneta, Saint Laurent, Cartier and Piaget. However, three major local retailers, Chow Tai Fook, Chow Sang Sang and Luk Fook, lead jewellery due to strong value sales of gold, driven by mainland Chinese tourists.

Store-based retailing remains king in this densely populated city state

Store-based retailing continued to account for the overwhelming majority of retail value sales of personal accessories in 2018, while internet retailing remained insignificant. As a city state, shopping districts are only a short walk away in Hong Kong and offline shopping is considered faster and more time-efficient than waiting for goods to be shipped by internet retailers.

Faster value growth performance expected with new transportation links

In personal accessories, retail value sales growth is set to accelerate in constant 2018 terms, compared with the review period. Growth will be supported by the opening of transportation links between Hong Kong and China in 2018, such as the Hong Kong-Zhuhai-Macau Bridge and Hong Kong’s high-speed link to the mainland.

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Personal Accessories Sample Report Personal Accessories Sample Data

Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Personal Accessories industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Personal Accessories industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

When you purchase this report, you also get the data and the content from these category reports in Hong Kong, China for free:

The Personal Accessories in Hong Kong, China market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

How are sales of luggage, backpacks and sports bags impacted by tourism flows?
Are sales of real jewellery catching up on costume jewellery in Hong Kong, China?
Is mechanical, quartz digital or quartz analogue driving sales of watches in Hong Kong, China?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our personal goods market research database.

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Personal Accessories in Hong Kong, China

EXECUTIVE SUMMARY

Value sales rebound as mainland Chinese tourists return

Millennials and Generation Z are fast becoming core luxury goods consumers

Global brands top bags and watches while local retailers lead jewellery

Store-based retailing remains king in this densely populated city state

Faster value growth performance expected with new transportation links

MARKET DATA

Table 1 Sales of Personal Accessories by Category: Volume 2013-2018
Table 2 Sales of Personal Accessories by Category: Value 2013-2018
Table 3 Sales of Personal Accessories by Category: % Volume Growth 2013-2018
Table 4 Sales of Personal Accessories by Category: % Value Growth 2013-2018
Table 5 NBO Company Shares of Personal Accessories: % Value 2013-2017
Table 6 LBN Brand Shares of Personal Accessories: % Value 2014-2017
Table 7 Distribution of Personal Accessories by Format: % Value 2013-2018
Table 8 Forecast Sales of Personal Accessories by Category: Volume 2018-2023
Table 9 Forecast Sales of Personal Accessories by Category: Value 2018-2023
Table 10 Forecast Sales of Personal Accessories by Category: % Volume Growth 2018-2023
Table 11 Forecast Sales of Personal Accessories by Category: % Value Growth 2018-2023

DEFINITIONS

SOURCES

Summary 1 Research Sources

Bags and Luggage in Hong Kong, China

HEADLINES

PROSPECTS

Return of Chinese tourists from the mainland supports growth

Improved transportation links provide growth opportunities

Millennials drive personalisation and customisation trends

COMPETITIVE LANDSCAPE

LVMH and Kering groups lead through brand prestige and smart marketing

Brand and store revamps aim to please returning Chinese tourists

Growing presence of major brands

CATEGORY DATA

Table 12 Sales of Bags and Luggage by Category: Volume 2013-2018
Table 13 Sales of Bags and Luggage by Category: Value 2013-2018
Table 14 Sales of Bags and Luggage by Category: % Volume Growth 2013-2018
Table 15 Sales of Bags and Luggage by Category: % Value Growth 2013-2018
Table 16 Sales of Luggage by Type: % Value 2013-2018
Table 17 NBO Company Shares of Bags and Luggage: % Value 2013-2017
Table 18 LBN Brand Shares of Bags and Luggage: % Value 2014-2017
Table 19 Distribution of Bags and Luggage by Format: % Value 2013-2018
Table 20 Forecast Sales of Bags and Luggage by Category: Volume 2018-2023
Table 21 Forecast Sales of Bags and Luggage by Category: Value 2018-2023
Table 22 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2018-2023
Table 23 Forecast Sales of Bags and Luggage by Category: % Value Growth 2018-2023

Jewellery in Hong Kong, China

HEADLINES

PROSPECTS

Inflow of mainland Chinese tourists boosts sales

Gold retains strong appeal

Millennials go for fashion jewellery

COMPETITIVE LANDSCAPE

Stable local leadership of jewellery

Home-grown retailers eye less touristy districts for expansion

Keeping a brand “new” and “fresh” is the key to luring millennials

CATEGORY DATA

Table 24 Sales of Jewellery by Category: Volume 2013-2018
Table 25 Sales of Jewellery by Category: Value 2013-2018
Table 26 Sales of Jewellery by Category: % Volume Growth 2013-2018
Table 27 Sales of Jewellery by Category: % Value Growth 2013-2018
Table 28 Sales of Costume Jewellery by Type: % Value 2013-2018
Table 29 Sales of Fine Jewellery by Type: % Value 2013-2018
Table 30 Sales of Fine Jewellery by Collection: % Value 2013-2018
Table 31 Sales of Fine Jewellery by Metal: % Value 2013-2018
Table 32 NBO Company Shares of Jewellery: % Value 2013-2017
Table 33 LBN Brand Shares of Jewellery: % Value 2014-2017
Table 34 Distribution of Jewellery by Format: % Value 2013-2018
Table 35 Forecast Sales of Jewellery by Category: Volume 2018-2023
Table 36 Forecast Sales of Jewellery by Category: Value 2018-2023
Table 37 Forecast Sales of Jewellery by Category: % Volume Growth 2018-2023
Table 38 Forecast Sales of Jewellery by Category: % Value Growth 2018-2023

Watches in Hong Kong, China

HEADLINES

PROSPECTS

Value sales rebound from 3-year slump due to inflow of mainland Chinese tourists

High watches lead the way

“Pre-owned” watches make inroads in Hong Kong

COMPETITIVE LANDSCAPE

Global luxury watchmakers lead

Physical store presence in prime locations is key

Strong investment in retailing

CATEGORY DATA

Table 39 Sales of Watches by Category: Volume 2013-2018
Table 40 Sales of Watches by Category: Value 2013-2018
Table 41 Sales of Watches by Category: % Volume Growth 2013-2018
Table 42 Sales of Watches by Category: % Value Growth 2013-2018
Table 43 Sales of Watches by Price Band: Volume 2013-2018
Table 44 Sales of Watches by Price Band: Value 2013-2018
Table 45 Sales of Watches by Price Band: % Volume Growth 2013-2018
Table 46 Sales of Watches by Price Band: % Value Growth 2013-2018
Table 47 NBO Company Shares of Watches: % Value 2013-2017
Table 48 LBN Brand Shares of Watches: % Value 2014-2017
Table 49 Distribution of Watches by Format: % Value 2013-2018
Table 50 Forecast Sales of Watches by Category: Volume 2018-2023
Table 51 Forecast Sales of Watches by Category: Value 2018-2023
Table 52 Forecast Sales of Watches by Category: % Volume Growth 2018-2023
Table 53 Forecast Sales of Watches by Category: % Value Growth 2018-2023
Table 54 Forecast Sales of Watches by Price Band: Volume 2018-2023
Table 55 Forecast Sales of Watches by Price Band: Value 2018-2023
Table 56 Forecast Sales of Watches by Price Band: % Volume Growth 2018-2023
Table 57 Forecast Sales of Watches by Price Band: % Value Growth 2018-2023

Writing Instruments in Hong Kong, China

HEADLINES

PROSPECTS

Bright outlook as the local economy recovers

Improved value growth performance anticipated

Smart writing instruments create usage opportunities

COMPETITIVE LANDSCAPE

Japanese and German brands crowd the marketplace

Stable competitive landscape

CATEGORY DATA

Table 58 Sales of Writing Instruments by Category: Volume 2013-2018
Table 59 Sales of Writing Instruments by Category: Value 2013-2018
Table 60 Sales of Writing Instruments by Category: % Volume Growth 2013-2018
Table 61 Sales of Writing Instruments by Category: % Value Growth 2013-2018
Table 62 NBO Company Shares of Writing Instruments: % Value 2013-2017
Table 63 LBN Brand Shares of Writing Instruments: % Value 2014-2017
Table 64 Distribution of Writing Instruments by Format: % Value 2013-2018
Table 65 Forecast Sales of Writing Instruments by Category: Volume 2018-2023
Table 66 Forecast Sales of Writing Instruments by Category: Value 2018-2023
Table 67 Forecast Sales of Writing Instruments by Category: % Volume Growth 2018-2023
Table 68 Forecast Sales of Writing Instruments by Category: % Value Growth 2018-2023

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Country Report

Personal Accessories in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

Value sales rebound as mainland Chinese tourists return

Millennials and Generation Z are fast becoming core luxury goods consumers

Global brands top bags and watches while local retailers lead jewellery

Store-based retailing remains king in this densely populated city state

Faster value growth performance expected with new transportation links

Samples

Overview

Why buy this report?

Samples: FAQs about samples

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Table of Contents

Personal Accessories in Hong Kong, China

EXECUTIVE SUMMARY

Value sales rebound as mainland Chinese tourists return

Millennials and Generation Z are fast becoming core luxury goods consumers

Global brands top bags and watches while local retailers lead jewellery

Store-based retailing remains king in this densely populated city state

Faster value growth performance expected with new transportation links

MARKET DATA

DEFINITIONS

SOURCES

Bags and Luggage in Hong Kong, China

HEADLINES

PROSPECTS

Return of Chinese tourists from the mainland supports growth

Improved transportation links provide growth opportunities

Millennials drive personalisation and customisation trends

COMPETITIVE LANDSCAPE

LVMH and Kering groups lead through brand prestige and smart marketing

Brand and store revamps aim to please returning Chinese tourists

Growing presence of major brands

CATEGORY DATA

Jewellery in Hong Kong, China

HEADLINES

PROSPECTS

Inflow of mainland Chinese tourists boosts sales

Gold retains strong appeal

Millennials go for fashion jewellery

COMPETITIVE LANDSCAPE

Stable local leadership of jewellery

Home-grown retailers eye less touristy districts for expansion

Keeping a brand “new” and “fresh” is the key to luring millennials

CATEGORY DATA

Watches in Hong Kong, China

HEADLINES

PROSPECTS

Value sales rebound from 3-year slump due to inflow of mainland Chinese tourists

High watches lead the way

“Pre-owned” watches make inroads in Hong Kong

COMPETITIVE LANDSCAPE

Global luxury watchmakers lead

Physical store presence in prime locations is key

Strong investment in retailing

CATEGORY DATA

Writing Instruments in Hong Kong, China

HEADLINES

PROSPECTS

Bright outlook as the local economy recovers

Improved value growth performance anticipated

Smart writing instruments create usage opportunities

COMPETITIVE LANDSCAPE

Japanese and German brands crowd the marketplace

Stable competitive landscape

CATEGORY DATA

Why buy this report?

Want to find out more about this report?

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