Apparel and footwear in 2024: The big picture
Following a post-pandemic rebound the previous year when the city reopened its borders, apparel and footwear in Hong Kong has returned to its declining trajectory in 2024, driven by significant challenges due to broader economic uncertainty in the region. The declining appeal to inbound tourists as a previous “shopping heaven”, along with the reduction in domestic interest, is one of the most important factors contributing to the weak performance of apparel and footwear in the local market.
2024 key trends
Driven by the ongoing athleisure trend, the demand for comfort and functionality remains essential among many consumers of apparel and footwear. The pandemic accelerated the consumer preference for casual, easy-to-wear clothing that can transition seamlessly from work to leisure activities.
Competitive landscape
The competitive landscape of apparel and footwear in Hong Kong features a diverse range of players catering for different consumer segments. Benefiting from the rising sports and fitness trend in Hong Kong, sportswear remains a strong performer overall, especially sports footwear.
Retailing developments
The retail landscape in Hong Kong is a blend of traditional bricks-and-mortar stores and e-commerce. Although there was an increasing prevalence of e-commerce shopping during the pandemic, many local consumers and tourists still show a significant preference for in-store visits for personalised fitting purposes.
What next for apparel and footwear?
The future of fashion will be increasingly centred on functional apparel, driven by consumer desire for versatility and practicality. As lifestyles evolve with the prevalence of remote work and hybrid living, apparel that balances style, comfort, and utility is becoming essential.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Childrenswear
- Apparel and Accessories
- Menswear
- Womenswear
- Jeans
- Hosiery
- Footwear
- Sportswear
If you're in the Apparel and Footwear industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel and Footwear in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel and Footwear in Hong Kong, China?
- Which are the leading brands in Hong Kong, China?
- How are products distributed in Hong Kong, China?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel and Footwear in Hong Kong, China?
- Where is future growth expected to be most dynamic?
Apparel and Footwear in Hong Kong, China
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
Childrenswear in Hong Kong, China
KEY DATA FINDINGS
Economic uncertainty and declining birth rate influence sluggish performance of childrenswear
Style and comfort remain essential for local parents
Influence of adult fashion on childrenswear in Hong Kong
Weak performance for childrenswear over the forecast period
Rise of second-hand childrenswear stores
Gender-neutral fashion for children in line with trends in adult apparel
Apparel Accessories in Hong Kong, China
KEY DATA FINDINGS
Impact of economic uncertainty on demand for apparel accessories, especially luxury segment
Outdoor features incorporated into hats/caps
Pop culture will continue to influence trends in apparel accessories
Low growth for ties due to rising casualisation in the workplace
Increase in cross-border purchases of affordable accessories
Menswear in Hong Kong, China
KEY DATA FINDINGS
Economic uncertainty and outbound travel place pressure on menswear
Ongoing demand for high-performance apparel
Younger generations drive demand for menswear focused on outdoor activities
Deeper penetration of new outdoor brands embracing omnichannel distribution
Menswear embraces inclusiveness in terms of size and gender
Sustainability to remain an important focus for future product development
Womenswear in Hong Kong, China
KEY DATA FINDINGS
Declining womenswear amid economic uncertainty and outbound travel
Continual demand for comfortable and versatile womenswear
Outdoor styles increasingly popular among younger consumers
Further emphasis on inclusive womenswear over the forecast period
Increasing focus on sustainable fashion in Hong Kong
International brands utilise omnichannel approach to penetrate local market
Jeans in Hong Kong, China
KEY DATA FINDINGS
Declining demand for jeans due to economic uncertainty and outbound travel
Comfort and individuality are key focus areas for jeans
Marginal growth expected for jeans over the forecast period
Sustainability to remain key focus for future product development
Some growth potential for premium and super premium jeans
Hosiery in Hong Kong, China
KEY DATA FINDINGS
Rising interest in sports supports non-sheer hosiery demand
Socks as a statement piece
Development to focus on functionality within non-sheer hosiery
Limited growth momentum for sheer hosiery
Retail offline will continue to dominate hosiery purchases
Footwear in Hong Kong, China
KEY DATA FINDINGS
Overall footwear records decline, but sports footwear sales remain strong
Collaborations between luxury and sports brands
Continuous focus on offline distribution to increase market presence
Segmentation as performance footwear brands to focus on specific sports
Quality and comfort remain leading selection criteria
Sportswear in Hong Kong, China
KEY DATA FINDINGS
Despite overall stagnation for the category, sports footwear growth remains strong
Impact of Olympics Game in marketing mix for sportswear brands
Retail offline remains vital for brand presence in Hong Kong
Increasing emphasis on performance features and innovative textiles
Influence of athlete endorsement for positive brand image
Community-based marketing to build brand loyalty
The following categories and subcategories are included:
Apparel and Footwear
-
-
- Baby and Toddler Wear
- Boys' Apparel
- Girls' Apparel
-
- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
-
-
- Men's Nightwear
-
-
- Economy Men's Jeans
- Standard Men's Jeans
- Premium Men's Jeans
- Super Premium Men's Jeans
-
- Men's Jackets and Coats
- Men's Jumpers
- Men's Shirts
- Men's Shorts and Trousers
- Men's Suits
- Men's Tops
- Other Men's Outerwear
-
- Men's Swimwear
- Men's Underwear
-
- Women's Nightwear
-
-
- Economy Women's Jeans
- Standard Women's Jeans
- Premium Women's Jeans
- Super Premium Women's Jeans
-
- Women's Dresses
- Women's Jackets and Coats
- Women's Jumpers
- Women's Leggings
- Women's Shirts and Blouses
- Women's Shorts and Trousers
- Women's Skirts
- Women's Suits
- Women's Tops
- Other Women's Outerwear
-
- Women's Swimwear
- Women's Underwear
-
-
- Nightwear
-
-
- Economy Jeans
- Standard Jeans
- Premium Jeans
- Super Premium Jeans
-
- Dresses
- Jackets and Coats
- Jumpers
- Leggings
- Shirts and Blouses
- Shorts and Trousers
- Skirts
- Suits
- Tops
- Other Outerwear
-
- Swimwear
- Underwear
-
- Sheer Hosiery
- Non-Sheer Hosiery
-
-
- Children's Footwear
- Men's Footwear
- Women's Footwear
-
-
- Performance Apparel
- Outdoor Apparel
- Sports-inspired Apparel
-
- Performance Footwear
- Outdoor Footwear
- Sports-inspired Footwear
-
Apparel and Footwear
Apparel is the aggregation of clothing and footwear. This dataset covers retail sales of apparel through both store-based retailers and non-store retailers. Excludes black market sales (i.e. untaxed, generated within informal retailing)and duty free sales (travel retail). Items must be new when sold to the consumer; second-hand/used items are excluded. Antique and/or vintage clothing and footwear is also excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel and Footwear research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!