Clothing Accessories & Other Clothes - Hong Kong
- Hong Kong
- In 2024, the revenue in the Clothing Accessories & Other Clothes market in Hong Kong reached HKD €445.30m.
- It is projected to experience an annual growth rate of 1.41% (CAGR 2024-2029).
- When compared globally, the highest revenue is generated in China, amounting to HKD €12,950m in 2024.
- In terms of per capita figures, each person in Hong Kong contributed HKD €59.40 to the revenue in the Clothing Accessories & Other Clothes market in 2024.
- Looking ahead to 2029, the volume in this segment is anticipated to reach 21.8m pieces.
- However, a slight decrease of -1.0% in volume growth is expected in 2025.
- On average, each person is expected to generate a volume of 3.1pieces in the Clothing Accessories & Other Clothes market in 2024.
- The demand for luxury handbags in Hong Kong has surged, with affluent locals and mainland Chinese tourists driving the market growth.
Methodology
Data coverage:
Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional Notes :
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.Vue d’ensemble
- Revenue
- Sales Channels
- Volume
- Key Players
- Price
- Global Comparison
- Methodology
- Key Market Indicators
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