The removal of Hong Kong’s travel restrictions and subsequent reopening of the borders between Hong Kong and Mainland China will likely support some demand for a range of different polishes over 2023 and beyond, with retail volume declines expected to notably slow over the course of the forecast period. In addition, polishes is likely to see the resumption of parallel trade between the border checkpoints of Hong Kong and Mainland China as the prices and tax rates in Hong Kong are lower than those in the latter.
SC Johnson dominated polishes in 2022 with an 89% retail value share, benefitting from its wide product portfolio which includes Kiwi, Pledge and Mr Muscle. This makes it difficult for other players to enter.
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Understand the latest market trends and future growth opportunities for the Polishes industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Polishes industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of shoe, floor, furniture and metal polish.See All of Our Definitions
This report originates from Passport, our Polishes research and analysis database.
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