In Hong Kong, residents throw away the equivalent of 1,400 t-shirts every minute! Hong Kong; Mainland China; US; more; Hong Kong Industry Profiles. Market Size of the Global Textile and Apparel Industry: 2014 to 2018 The BoF 500 is the definitive professional index of the people shaping the $2.4 trillion fashion industry, hand-selected by the editors of The Business of Fashion, based on hundreds of nominations received from current BoF 500 members, extensive data analysis and research. It planned to open 30 more in 2014. Market Size of the Global Textile and Apparel Industry: 2016 to 2021/2022. Money & Politics . When i… Additionally, the presence of Chow Tai Fook, one of the major players, in China, Hong Kong, and Macau is expected to boost jewelry demand in this region. Total labor force in fashion: 64,000 on the challenges and opportunities in Hong Kong around the adoption of e-commerce and omnichannel business models. The Retailing in Hong Kong, China market research report includes: Analysis of key supply-side and demand trends. The average consumer spends $2,868 per year online shopping in Hong Kong, according to data from the German statistics … fashion retailer Gap closes stores in its domestic market, it is focusing on Japan, China and Hong Kong to propel growth (although a change in CEO may see that policy moderated). After 12 years of living in Paris, Cape Town and Hong Kong, she recently returned to London where she writes about art, travel, fashion, design and environmental issues in … China Hong Kong GlobalWorks Internship: Fashion Industry In Hong Kong GlobalWorks Internship: Fashion Industry in Hong Kong. Hong Kong has a wealthy local populationof 7.4 million that is keen to try new products and has high consumptionpower. Residents of Hong Kong are the ecommerce champions of the world. Retail sales in Hong Kong were up 7.8 percent from a year earlier in May of 2021, following an upwardly revised 11.0 percent jump in the prior month. 2019-11-06T13:17:47+00:00 By Bookly Team | Business tips | 18 min. The SME Export Marketing Fund (EMF) offered by Hong Kong’s Trade & Industry Department aims to assist Hong Kong small and medium-sized enterprises (SMEs) expand their businesses through active participation in export promotion activities. This statistic shows the clothing market demand in Hong Kong from 2011 to 2013, including a forecast until 2018. 6 Required Surgeries. The septet’s fast-food partnership led to a 57 percent increase in interest in McDonald’s compared to last year, while Louis Vuitton saw a 44 percent surge. [E-Learning] 2021 Hong Kong Retail Summit - Subscribe for HD Recorded Videos. Most popular platforms online for apparel and fashion shopping in Hong Kong 2018 U.S. internet users who shop for footwear and apparel digitally 2016, by gender Average basket size of … Burial sites, therefore, are impractical and 90% of the population opts for cremation. For statistics related to production, employment, etc, please see Textile and Apparel Industry Around the World. Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Hong Kong, China with research from Euromonitor's team of in-country analysts. From Bulgaria to Dubai - with will, discipline and an innate desire to explore new worlds. Hong Kong's Richest. By far. Five year forecasts of market trends and market growth. 05 Aug 2021 Webinar 1-4 on Digital Innovation Series: New Way of Retails At the same time, the fashion industry faces challenges in consumer demand. With the city’s huge number of consumers from Mainland China, HongKong ha… ... Hong Kong tailor private trunk show. Statistics: Global Apparel Market 2018–2022. The surveys were conducted during the third quarter of 2016. SeasonsFJA.com is a B2B resource center dedicated to the fashion jewellery and accessories sectors. Economic expansion is happening across Asia, but we expect … In South Korea, double eyelid surgery to make their eyes appear more Western-looking is an actual requirement for celebrities and models.Girls learn about plastic surgery as young as elementary school, and it becomes a very normal part of everyday life for people to change the faces they were born with. Fashion and sneakers have great appeal to millennial and it will affect traditional stores. The State of the Pet Industry: Pet Market Statistics and Future Trends. The manpower dynamics of each of the 24 industries in Hong Kong is analysed through manpower survey and manpower update in a 4-year cycle. Working on behalf of American farmers, trade missions promote our product in all the main buying markets, from Europe to the Far East, and through representation at the major international fur fairs in Paris, Frankfurt, Hong Kong, Montreal and New York. It is the world's most popular tourist destination, Asia's best shopping destination, and China's most expensive city according to professional surveys and various news agencies.Hong Kong has the best Metro system in the world and many other other outstanding features. 2020 Money. Rachel Hui has traveled from Hong Kong to South Korea twice this year, splurging on items such as high-end facial creams and popular fashion goods by … Hong Kong culture is a mixture of traditional Han Cantonese ethnic culture of southeastern China and British and Western culture in general. View the full Whistles SS21 collection and online exclusives. Get tailored insights into the latest trends, opportunities, and threats to fashion ecommerce retailers. FASHION REVOLUTION Philippines. In Hong Kong our students visited Asia's Fashion Jewellery & Accessories Fair. Mainland China Provinces and Cities. Its strong rule of law and respect for property rights make it a strategic platform for U.S. companies, especially small- and medium-sized firms, seeking to do business in the region. Another rising trend can be seen in the fashion industry in China. New Collection. Salaries vary drastically between different careers. 27 Jul 2021 [HKRMA CERTIFICATE] Excelling Video & Live Broadcasting with Limited Budget. The firm recently identified 50 cities in The BoF 500 is the definitive professional index of the people shaping the $2.4 trillion fashion industry, hand-selected by the editors of The Business of Fashion, based on hundreds of nominations received from current BoF 500 members, extensive data analysis and research. Key Takeaways. Jun 29, 2021. 08 Oct 2021 2021 AGM Luncheon. ... Hong Kong's Richest. In addition to Southeast Asia’s biases, iPrice has gathered statistics on the most-searched BTS collaborations. Hong Kong's official tourism guide recommendations on the best experiences in Hong Kong, events, shopping and dining, vacation holiday packages, maps, guided tours and travel planning itineraries to experience Hong Kong's unique international living culture. A person working in Hong Kong typically earns around 36,600 HKD per month. One obvious reason is fast fashion. Fashion industry report Stay ahead of the fashion curve. Let’s start by taking a look at some stats related to the wellness sector in general…. The Hong Kong luxury goods market is expected to return to growth in 2021 and continue to see year-on-year growth throughout the rest of the forecast period, as the immediate threat from COVID-19 wanes and social and economic activity revives. In recent months we’ve seen evidence that the seemingly unstoppable growth of fast fashion … Hong Kong’s 8FIVE2 is gearing up for a playful watch dedicated to Hong Kong’s Causeway Bay district. Premier Group is a privately owned business founded in Hong Kong in 1990. Premier Group’s customers include well-respected brands such as Marks & … 0 Comments 0 Likes. DALE de la REY/AFP/Getty Images. Hong Kong is in a league of its own.. By far. In an era of fashion bloggers and getting Insta-famous, being seen in the same outfit has been enough to warrant a “tsk-tsk” from the fashion police. By 2020, total fashion sales in China are expected to triple its current amount, rising to more than 1.3 trillion RMB ($200 billion USD) from 398 billion RMB ($60 billion USD) in 2010, according to statistics from Daxue Consulting . TheHong Kong luxury landscape will reach a new equilibrium, with rules of the game deeply transformed and local customers becoming the main focus. Here is a list of 10 important facts useful for tourists and visitors. Fast fashion leaders H&M and Zara could be impacted by changing consumer trends. Protection of the … The Jewellery in Hong Kong, China market research report includes: Analysis of key supply-side and demand trends. apparel market size was valued at USD 67.85 billion in 2018 expanding at a CAGR of 3.5% over the forecast period. Salaries range from 9,260 HKD (lowest average) to 163,000 HKD (highest average, actual maximum salary is higher).. 29 Jun 2021. These qualifications are recognised as equivalent to Local University degrees by the Hong Kong Government. In 2020, Hong Kong’s clothing exports to the US, EU27 and … Five year forecasts of … Fashion Industry Statistics The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world’s Gross Domestic Product (GDP).1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan.2 US Retail Industry 2021‑2024 . The health and wellness industry growth rate is 6.4% (based on 2015-2017 data) and is expected to continue at this pace. Hong Kong is a long-time manufactur-ing powerhouse in the fashion industry, home to at least one centenary company: Li & Fung, a self-described “network orchestrator” (Mihm Learn more; Guide and Resources. This shouldn’t be surprising as the internet usage is at a staggering 82% and should reach 84% by 2021. 31578 reports; Retail Revenue, Consumer Confidence Index, Retail Inventories, Retail Market Share… 1886 statistics; Wholesale Sales, Number Of Employees, Number Of Enterprises, Online Shopping Penetration… The market fell by 20 percent in 2019 to €6 billion. Joyce Boutique Holdings Limited, stylized as JOYCE, is a Hong Kong fashion retailer which is engaged in the franchise of fashion, accessories and cosmetics designer brands in Greater China under the name "Joyce" or mono brand freestanding stores. HONG KONG WTO MINISTERIAL 2005: BRIEFING NOTES. Innovation. Revenue in the apparel segment is expected to show an annual growth rate (CAGR 2018-2022) of 11.4%, the market volume of apparel industry would result in … Our students visited Helen Lee, one of the leading designers in Shanghai's emerging fashion scene, besides other designers, as well as factories and textile innovators. In 2010, China’s fashion market was a $17.7 billion market where Louis Vuitton, Chanel, and Gucci remain the most desired luxury brands. However, in recent years, traditional luxury brands are losing favor among Chinese consumers. Instead, the so-called “light luxury” brands have begun to gain favor. The fashion industry as a whole has undergone what Greenpeace East Asia's Toxics Campaign Manager Ada Kong describes as "a paradigm shift" … For statistics related to production, employment, etc, please see Textile and Apparel Industry Around the World Size of the Global Textile and Apparel Market Statistics: Global Apparel Market 2018--2022 Market Size of the Global Textile and Apparel Industry: 2016 to 2021/2022 Market Size of the Global Textile and Apparel Industry: 2014 to 2018 China to… This is the average monthly salary including housing, transport, and other benefits. #uae. Net support of the concept is at 49 percent in Tokyo, 55 percent in New York, 54 percent in London, and 71 percent in Hong Kong, with Shanghai in the lead at 90 percent. A November 2020 survey revealed that more than one-third of the Hong Kong respondents would likely spend less on fashion items in the following six months. The global wellness market is valued at over $4.75 trillion. Middle East and Africa is expected to witness significant growth, expanding at a CAGR of 8.0% from 2019 to 2025. Lower digital barriers to entry for all clothing merchants offer the opportunity … A business network for the fashion industry to share knowledge regarding fashion, style and design. Offering extensive tools to search and browse products. The re-export business also dropped by 34%, while domestic exports surged by 242%, albeit from a low base. Luxury consumption in Hong Kong has been adversely impacted by ongoing protests. This section shows all articles related to Hong Kong, including analysis, HKTDC Export Index, export prospects, case studies, industry profiles, market news, fair surveys and regulatory alert. Tip & tricks for fashion & material business. The city has benefited greatly from an increasing stream of visitors coming from mainland China over the last two decades, making up more than 75 percent of total arrivals in recent years. ($1=¥106.24) All Innovation; 5G. VTC assesses the manpower demand for 24 major industry sectors covering more than 80% of the Hong Kong working population. Deena Kamel. Notes: Compiled from the annual reports of the companies listed above. Market Profiles. Google Ads Search Benchmarking. Gap currently has around 80 Chinese stores but opened 34 of those in 2013. In the UK, the health and wellness industry was worth €23 billion in 2020. Indeed, India’s ascent is one of ten trends the fashion industry should watch in 2019, highlighted in our latest State of Fashion report, written in partnership with the Business of Fashion (BoF). That’s the equivalent of the 85 million pet owning households. Infographics. Here are 40 reasons why fans of Hong Kong say it's the world's greatest city: 1. Our growing worldwide community of quality buyers and suppliers has instant online access to products and trade information throughout the industry. Her chic and modern fashion sense has earned her a permanent spot as one of the most prominent KOLs in Hong Kong. Almost the entire young adult and middle-aged population of Hong Kong (aged 19-55) browses the internet daily. In addition, private label design could be another opportunity in Hong Kong, given local companies’ strong ties to the fashion industry in mainland China. With the growing digital consumer trend in Hong Kong, retail technology becomes a fast growing and emerging field in the retail space. … Even for non-models, these surgeries have become so common … Hong Kong vs. Mainland China: Understanding the Differences Detailed segmentation of international and local products. Whistles Hong Kong was the world’s leading tourist city destination in 2018 with 29 million overnight visitors and 65 million total arrivals. In Q1 2020, median CTR for ads on Google Search decreased from 2.5% to 1.55%. In fact, if Hong Kong opts to withdraw from the Convention, it will waive the legal liability of Hong Kong government in cases of tortures or inhumane treatments and will lead to a disastrous aftermath. The COVID-19 pandemic affects the global fashion industry as governments close down manufacturing plants, and through store closures, and event cancellations to slow the spread of the virus. The SME Export Marketing Fund (EMF) offered by Hong Kong’s Trade & Industry Department aims to assist Hong Kong small and medium-sized enterprises (SMEs) expand their businesses through active participation in export promotion activities. Size of the Global Textile and Apparel Market. Visit Hong Kong… Residents of Hong Kong are the ecommerce champions of the world. February 15, 2021 to January 31, 2022 – New York City, Ny, USA. The study polled more than 200 women working in tech, all with at least 10 years of experience, largely from Bay Area– and Silicon Valley–based companies, including … Almost 90% of Hong Kong consumers have purchased at least one product online within the last three months, according to statistics.All the other available data shows that the potential for online business in this area is astonishing. The Hong Kong textile industry is following trends, quite similar to its counterpart in the clothing sector. Joyce Boutique Holdings Limited, stylized as JOYCE, is a Hong Kong fashion retailer which is engaged in the franchise of fashion, accessories and cosmetics designer brands in Greater China under the name "Joyce" or mono brand freestanding stores. Historic number of stores, selling space and values, company and brand market shares. Fashion Industry Statistics The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world's Gross Domestic Product (GDP).1 Source: FashionUnited.com¹ Retail value of luxury goods market: 339.4 billion dollars Value of of the menswear industry: 402 billion dollars Value of the womenswear industry: 621 billion dollars… It operates 40 points of sale across Greater China including five JOYCE multi-brand boutiques and over 10 JOYCE Beauty store concepts. Published 10 July 2019 Category: ecommerce, trends, business ideas Hong Kong E-commerce and Online Shopping Trends. To apply for this … As is the case in Hong Kong, top luxury fashion brands such as Dior, Chanel and Prada do well in Macau. Navigate the Global Slavery Index maps and data sets covering prevalence, vulnerability, and government response in full detail. Fashion Industry Statistics The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world's Gross Domestic Product (GDP).1 Source: FashionUnited.com¹ Retail value of luxury goods market: 339.4 billion dollars Value of of the menswear industry: 402 billion dollars Value of the womenswear industry: 621 billion dollars… in Hong Kong and China for e-commerce and omnichannel business. The second was a survey of 225 CEOs in Hong Kong to understand their views . Their culture is sophisticated and mixes Confucian and British ethics, and they are international savvy. Nikoyo (HK) Ltd. is a Hong Kong registered company, under the umbrella of Nikoyo (Holdings) Ltd., processing all the commerce, finance and logistics operations in compliance with the Hong Kong laws and legal system. China Customs Statistics. STATISTICS Textiles and Clothing. To apply for this … After more than forty years of trade with import quotas, the textiles and clothing sector eventually be-came subject to the general rules of the WTO from January 1, 2005.

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