Hong Kong's Sector Market Outlook

Hong Kong's Sector Market Outlook FASHION InvestHK The Government of the Hong Kong Special Administrative Region of the People's Republic of China Hong Kong was the largest spender on luxury goods in 2023 MARKET Clothing and Footwear Hong Kong reclaimed its position as No.1 in per capita spend on luxury goods in 2023, followed by Switzerland and Singapore 6.2 billion USD Retail sales +41% YoY market growth +5% from 2022 CAGR 2024-2028 Jewelry, Watches, Clocks and valuable Gifts 7.7 billion USD Retail sales +54% YoY market growth from 2022 +4% CAGR 2024-2028 Source: Census and Statistics Department, Euromonitor 13

View entire presentation