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Hong Kong Retail Report Q1 2016

  • November 2015
  • -
  • Business Monitor International
  • -
  • 64 pages

Includes 3 FREE quarterly updates

BMI View: While Hong Kong retains its reputation as one of Asia's retail hotspots, the city state is facing anumber of headwinds owing to its over-dependence on tourism. Declining visitor and spending amountsfrom mainland China have negatively impacted retail sales figures and this is expected to continue in 2016with China's economic slowdown set to become more apparent. Despite this, Hong Kong householdscontinue to enjoy increasing levels of disposable income and this helps offer some support for the retailsector throughout our forecast period.Hong Kong's retail environment is deeply influenced by economic conditions in mainland China.

The citystate's reputation as a world class retail destination generates substantial amounts of retail sales fromChinese visitors alone. The city state received 47mn Chinese tourists in 2014, however, Chinese visitornumbers were down 10%, year-on-year, in July 2015. Visitors have also spent less during 2015 and thesefactors have lead to a fall in a number of sectors. Apparel saw a plunge. Local Hong Kong consumers, onthe other hand, continue to exhibit resilient spending habits, in part due to their relatively stable economyand rising income levels. Total household spending is expected to grow by 7.94% this year and it willexpand by over 6.5% each year for the rest of our forecast period. This helps ensure that mid-rangespending remains stable and provides important support for the retail sector as a whole.

Table Of Contents

Hong Kong Retail Report Q1 2016
BMI Industry View 7
SWOT 9
Political 10
Economic 11
Industry Forecast 12
Headline Retail Forecast 12
Table: Total Household Spending (Hong Kong 2012-2019) 14
Table: Retail Sector Spending, % Of Total (Hong Kong 2012-2019) 14
Table: Retail Sector Spending, % of GDP (Hong Kong 2012-2019) 16
Table: Headline Retail Sector Spending (Hong Kong 2012-2019) 16
Retail Sector Forecast 18
Food, Drink and Tobacco 18
Table: Food, Drink and Tobacco Spending (Hong Kong 2012-2019) 19
Clothing and Footwear 20
Table: Clothing and Footwear Spending (Hong Kong 2012-2019) 20
Household Goods 21
Table: Household Goods Spending (Hong Kong 2012-2019) 21
Household Numbers And Income Forecast 23
Table: Household Income Data (Hong Kong 2012-2019) 24
Table: Labour Market Data (Hong Kong 2012-2019) 27
Demographic Forecast 28
Table: Total Population (Hong Kong 2012-2019) 30
Table: Population: Babies (Hong Kong 2012-2019) 30
Table: Population: Young Children (Hong Kong 2012-2019) 30
Table: Population: Children (Hong Kong 2012-2019) 31
Table: Population: Young Teens and Older Children (Hong Kong 2012-2019) 31
Table: Population: Young People (Hong Kong 2012-2019) 31
Table: Population: Older Teenagers (Hong Kong 2012-2019) 32
Table: Population: 21yrs + (Hong Kong 2012-2019) 32
Table: Population: Young Adults (Hong Kong 2012-2019) 32
Table: Population: Middle Aged (Hong Kong 2012-2019) 33
Table: Population: Urban (Hong Kong 2012-2019) 33
Macroeconomic Forecast 34
Economic Analysis 34
Table: Economic Activity (Hong Kong 2010-2019) 38
Industry Risk Reward Ratings 39
Asia Risk/Reward Index 39
Table: Asia Pacific Retail Risk/Reward Index, Q116 39
Hong Kong Risk/Reward Index 41
Rewards 41
Risks 42
Market Overview 43
Competitive Landscape 47
Department Store Groups 47
Mass Grocery Retail (MGR) 48
Fashion 49
Household Goods 50
Glossary 51
Methodology 58
Industry Forecast Methodology 58
Sources 61
Risk/Reward Index Methodology 61
Table: Retail Risk/Reward Index Indicators 62
Table: Weighting Of Indicators 64

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