2014-01-29 18:39:02 - The Future of Retailing in Hong Kong to 2017 - a new market research report on companiesandmarkets.com
The Retail Market in Hong Kong remains a high-potential market, with a CAGR of 8.08% expected between 2012 and 2017. By 2017, the Hong Kong retail market will continue to steadily increase and reach HKD557.6 billion.
Hong Kong´s retail market is set for healthy growth over the next four years, with a CAGR of 7.84% forecast between 2012 and 2017, which will see the market ultimately valued at HKD18,466.3 million. A significant driving factor for this growth will be the performance of value, variety, and general merchandise retailers, which are the largest channel in the sector with a share of 77%.
Furniture and floor coverings was the fastest-growing category group within the retail channel during the review period, registering a CAGR of
10.29%, and is expected to remain so during the forecast period, with a CAGR of 11.07% Whilst, the Food and Grocery sector will suffer a marked decline during the same period.
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