The revenue in the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 4.8 billion U.S. dollars (+33.36 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 19.22 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'Luxury Leather Goods' segment of the luxury goods market in Spain and the revenue in the 'Prestige Skin Care' segment of the luxury goods market in the United States. The Statista Market Insights cover a broad range of additional markets.

According to the survey on luxury goods purchases as of January 2023, around 39 percent of respondents from Hong Kong said they retrieved information about luxury items from official websites from brands. Meanwhile, approximately 32 percent of respondents also stated that they got information about luxury products from visiting offline stores. In the last years, the rapid changes of online marketing in social media changed the sales and advertisement market significantly.

The average revenue per capita in the 'Luxury Fashion' segment of the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 86.6 U.S. dollars (+28.54 percent). After the ninth consecutive increasing year, the average revenue per capita is estimated to reach 390.05 U.S. dollars and therefore a new peak in 2029. Find more key insights for the average revenue per capita in countries and regions like the revenue in the 'Luxury Leather Goods' segment of the luxury goods market in the United States and the revenue in the 'Luxury Leather Goods' segment of the luxury goods market in Central & Western Europe. The Statista Market Insights cover a broad range of additional markets.

According to the survey on luxury goods purchases as of January 2023, around 33 percent of respondents from Hong Kong said they purchased luxury goods online to save time rather than going into physical stores. In the meantime, approximately 39 percent of respondents chose to order luxury goods online because it was easier for them to compare prices online.

According to a survey on luxury goods purchases in January 2023, around 44 percent of Hong Kong consumers said that they would spend more on luxury goods in the next 12 months. In comparison, around 10 percent of respondents said they planned on cutting their spending on luxury goods.

In 2022, China accounted for approximately 15 percent of the personal luxury market worldwide. This proportion was expected to increase to 16 percent by 2023.

According to a survey on luxury goods purchases in January 2023, approximately 26 percent of Hong Kong consumers said that they bought second-hand luxury clothing. Meanwhile, luxury jewelry remained popular second-hand luxury goods.

The revenue in the 'Luxury Watches & Jewelry' segment of the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 3.1 billion U.S. dollars (+38.08 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 11.2 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'Luxury Leather Goods' segment of the luxury goods market in the United States and the revenue change in the luxury goods market in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

The revenue in the 'Luxury Jewelry' segment of the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 1.9 billion U.S. dollars (+35.92 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 7.22 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'Prestige Cosmetics & Fragrances' segment of the luxury goods market in China and the average revenue per capita in the 'Luxury Fashion' segment of the luxury goods market in Denmark. The Statista Market Insights cover a broad range of additional markets.

According to the survey on luxury goods purchases as of January 2023, around 44 percent of respondents from Hong Kong said they prefer to browse and purchase luxury cars offline. In comparison, around a third of respondents said they feel comfortable buying luxury watches online.

According to the survey on luxury goods purchases, around 48 percent of respondents from Hong Kong purchased luxury articles on Amazon in the past 12 months as of January 2023. Meanwhile, approximately 49 percent of surveyed consumers placed their orders on the official website of a luxury brand.

According to the survey on luxury goods purchases as of January 2023, around 57 percent of respondents from Hong Kong said they purchased luxury items to improve their quality of living. Whereas approximately 54 percent of respondents stated that purchasing luxury products is to reward themselves.

According to a survey conducted by Rakuten Insight in July 2024, younger generations in Hong Kong were particularly drawn to Hermes, with approximately 88 percent of respondents aged 16 to 24 reporting familiarity with this luxury brand. Channel, Dior, Gucci and Louis Vuitton were also renowned among most Hong Kong respondents.

According to the survey on luxury goods purchases as of January 2023, around 42 percent of surveyed luxury goods shoppers from Hong Kong stated that they bought luxury clothing because of celebrities' influences. On the other hand, only two percent of respondents said celebrities influenced their decisions to purchase luxury furniture or home deco items.

The average revenue per capita in the 'Luxury Jewelry' segment of the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 257.4 U.S. dollars (+36.46 percent). After the ninth consecutive increasing year, the average revenue per capita is estimated to reach 963.46 U.S. dollars and therefore a new peak in 2029. Find further information concerning the average revenue per capita in the 'Luxury Fashion' segment of the luxury goods market in Italy and the revenue in the 'Luxury Fashion' segment of the luxury goods market in Italy. The Statista Market Insights cover a broad range of additional markets.

The average revenue per capita in the 'Luxury Watches' segment of the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 151.3 U.S. dollars (+39.8 percent). After the ninth consecutive increasing year, the average revenue per capita is estimated to reach 531.49 U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'Luxury Jewelry' segment of the luxury goods market in Italy and the revenue in the 'Luxury Eyewear' segment of the luxury goods market in India. The Statista Market Insights cover a broad range of additional markets.

According to a survey conducted by Rakuten Insight in July 2024 in Hong Kong, about 87 percent of female respondents and 76 percent of male respondents reported being familiar with Chanel as a luxury brand. Dior and Gucci were also renowned luxury brands in Hong Kong.

According to the survey on luxury goods purchases as of January 2021, around 63 percent of respondents from Hong Kong said they purchased luxury goods online more since COVID-19. In the meantime, approximately 48 percent of respondents chose to rather repair or maintain their luxury items than acquiring new items.

According to a survey conducted by Rakuten Insight in July 2024, the most popular luxury item in Hong Kong was clothing, with 37 percent of respondents expressing an intention to purchase. Technology, cosmetics and skincare, and footwear followed closely, each with around 35 percent of respondents indicating a willingness to buy these items.

With an annual sales value of approximately 12.6 billion U.S. dollars, Hong Kong-based jewelry manufacturer and retailer Chow Tai Fook was China's largest luxury goods company in 2022. That year, two other jewelry companies, namely Lao Feng Xiang and China National Gold Group, were listed among the global top 20 luxury companies. All leading luxury goods companies except Lanvin Group are jewelry companies.