| Product Code: ETC7485686 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Hong Kong`s perfume import market continues to thrive with diverse sources for fragrances. Metropolitan France, Italy, Singapore, China, and Spain lead the pack in supplying perfumes to Hong Kong. With a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, competition remains healthy. The compound annual growth rate (CAGR) from 2020 to 2024 stands at a steady 4.14%, with a notable growth spike of 5.76% from 2023 to 2024. This data suggests a positive outlook for the perfume import market in Hong Kong, driven by a variety of sources and sustained growth rates.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Perfume Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Perfume Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Perfume Market - Industry Life Cycle |
3.4 Hong Kong Perfume Market - Porter's Five Forces |
3.5 Hong Kong Perfume Market Revenues & Volume Share, By Perfume Type, 2021 & 2031F |
3.6 Hong Kong Perfume Market Revenues & Volume Share, By Category, 2021 & 2031F |
4 Hong Kong Perfume Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for luxury and premium fragrances |
4.2.2 Growing disposable income and purchasing power in Hong Kong |
4.2.3 Rising trend of gifting perfumes on special occasions |
4.3 Market Restraints |
4.3.1 High competition from international and local perfume brands |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Stringent regulations on ingredients and labeling requirements |
5 Hong Kong Perfume Market Trends |
6 Hong Kong Perfume Market, By Types |
6.1 Hong Kong Perfume Market, By Perfume Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Perfume Market Revenues & Volume, By Perfume Type, 2021- 2031F |
6.1.3 Hong Kong Perfume Market Revenues & Volume, By Premium Perfume Products, 2021- 2031F |
6.1.4 Hong Kong Perfume Market Revenues & Volume, By Mass Perfume Products, 2021- 2031F |
6.2 Hong Kong Perfume Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Perfume Market Revenues & Volume, By Female Fragrances, 2021- 2031F |
6.2.3 Hong Kong Perfume Market Revenues & Volume, By Male Fragrances, 2021- 2031F |
6.2.4 Hong Kong Perfume Market Revenues & Volume, By Unisex Fragrances, 2021- 2031F |
7 Hong Kong Perfume Market Import-Export Trade Statistics |
7.1 Hong Kong Perfume Market Export to Major Countries |
7.2 Hong Kong Perfume Market Imports from Major Countries |
8 Hong Kong Perfume Market Key Performance Indicators |
8.1 Consumer sentiment towards fragrance trends |
8.2 Number of new product launches and innovations in the market |
8.3 Customer retention rate for perfume brands |
8.4 Social media engagement and influencer collaborations |
8.5 Sustainability practices adopted by perfume companies |
9 Hong Kong Perfume Market - Opportunity Assessment |
9.1 Hong Kong Perfume Market Opportunity Assessment, By Perfume Type, 2021 & 2031F |
9.2 Hong Kong Perfume Market Opportunity Assessment, By Category, 2021 & 2031F |
10 Hong Kong Perfume Market - Competitive Landscape |
10.1 Hong Kong Perfume Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Perfume Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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