Hong Kong Retail Report

 Published On: Jul, 2016 |    No of Pages: 65 |  Published By: BMI Retail | Format: PDF
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BMI View: Retail sales in Hong Kong have been declining for several quarters in a row, mostly on account of declining tourist arrivals from Mainland China. Struggling residential real estate market and poor external demand present additional headwinds, which will continue weighing on Hong Kong's economic and retail sector's performance over the coming year. As a result, we forecast 2016 total household spending growth to record the lowest levels since 2011.

Key Views And Developments
-Overall household spending is forecast to average 5.1% growth during 2016-2020. Alcoholic drinks and tobacco sector is expected to register the strongest. Nonetheless, the sector will still account for a relatively small 1.6% share in the total household spending pie.
Supported by rising household incomes and tourism, total spending share on non-essential goods and services will increase from 48.8% in 2015 to 49.9% in 2020. Personal, insurance & other will remain the largest and the second-fastest growing category in terms of household expenditure.

BMI Industry View . 7
SWOT 9
Industry Forecast 11
Headline Retail Forecast . 11
Table: Total Household Spending (Hong Kong 2013-2020) . . . 13
Table: Retail Sector Spending, % Of Total (Hong Kong 2013-2020) . . 14
Table: Retail Sector Spending, % of GDP (Hong Kong 2013-2020) . . . 15
Table: Headline Retail Sector Spending (Hong Kong 2013-2020) . 16
Retail Sub-Sector Forecast .......... 18
Food, Drink & Tobacco . 19
Table: Food, Drink & Tobacco Spending (Hong Kong 2013-2020) . . . 20
Clothing & Footwear ..... 20
Table: Clothing & Footwear Spending (Hong Kong 2013-2020) . . 21
Household Goods .......... 21
Table: Household Goods Spending (Hong Kong 2013-2020) . . 22
Personal Care And Effects ......... 23
Table: Personal Care And Effects Spending (Hong Kong 2013-2020) . 23
Household Numbers And Income Forecast 25
Table: Household Income Data (Hong Kong 2013-2020) . . 26
Table: Labour Market Data (Hong Kong 2013-2020) . 29
Demographic Forecast .... 30
Table: Total Population (Hong Kong 2013-2020) . . 32
Table: Population: Babies (Hong Kong 2013-2020) . . . 33
Table: Population: Young Children (Hong Kong 2013-2020) . 33
Table: Population: Children (Hong Kong 2013-2020) . 33
Table: Population: Young Teens and Older Children (Hong Kong 2013-2020) . . . 34
Table: Population: Young People (Hong Kong 2013-2020) . . . 34
Table: Population: Older Teenagers (Hong Kong 2013-2020) 34
Table: Population: 21yrs + (Hong Kong 2013-2020) . . 35
Table: Population: Young Adults (Hong Kong 2013-2020) 35
Table: Population: Middle Aged (Hong Kong 2013-2020) . 35
Table: Population: Urban (Hong Kong 2013-2020) . . . 36
Industry Risk/Reward Index ..... 37
Asia Pacific Risk/Reward Index .... 37
Table: Asia Pacific Retail Risk/Reward Index, Q416 . . . 37
Hong Kong Risk/Reward Index ..... 38
Rewards 38
Risks ..... 39
Market Overview . 41
Latest Updates ... 41
Competitive Landscape . 47
Clothing & Footwear ..... 47
Table: Selected Clothing And Footwear Retailers . . 47
Furniture, Homeware & Home Improvement ....... 48
Table: Selected Household Goods Retailers 48
Electronics ....... 48
Table: Selected Electronics Retailers . . . 48
Department Stores ......... 49
Table: Selected Department Stores . 49
E-Commerce ..... 50
Table: Selected E-Commerce Retailers And Online Marketplaces . 50
Pharmacies ....... 51
Table: Selected Pharmacies 51
Glossary .... 52
Methodology ........ 59
Industry Forecast Methodology .. 59
Sources . 62
Risk/Reward Index Methodology . 62
Table: Retail Risk/Reward Index Indicators 63
Table: Weighting Of Indicators . 65
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