According to the survey on luxury goods purchases as of January 2023, around 57 percent of respondents from Hong Kong said they purchased luxury items to improve their quality of living. Whereas approximately 54 percent of respondents stated that purchasing luxury products is to reward themselves.
Reasons for purchasing luxury goods in Hong Kong as of January 2023
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Original question: For what reason would this affect your purchasing decision of luxury goods?
The average annual household income among the respondents was 1.19 million Hong Kong dollars. One Hong Kong dollar equals 0.13 U.S. dollars and 0.12 euros (as of June 2023).
The average age of the respondents was 36.8 years.
The survey was conducted among 55 percent female and 45 percent male respondents
The annual average household income among the respondents was 1,009,000 Hong Kong dollar. One Hong Kong dollar equals 0.13 U.S. dollars and 0.11 euros (as of September 2021).
The average age of the respondents was 37.0 years old.
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Ruder Finn. (March 22, 2023). Reasons for purchasing luxury goods in Hong Kong as of January 2023 [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1262043/hong-kong-purposes-of-buying-luxury-goods/
Ruder Finn. "Reasons for purchasing luxury goods in Hong Kong as of January 2023." Chart. March 22, 2023. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1262043/hong-kong-purposes-of-buying-luxury-goods/
Ruder Finn. (2023). Reasons for purchasing luxury goods in Hong Kong as of January 2023. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1262043/hong-kong-purposes-of-buying-luxury-goods/
Ruder Finn. "Reasons for Purchasing Luxury Goods in Hong Kong as of January 2023." Statista, Statista Inc., 22 Mar 2023, https://www.statista.com/statistics/1262043/hong-kong-purposes-of-buying-luxury-goods/
Ruder Finn, Reasons for purchasing luxury goods in Hong Kong as of January 2023 Statista, https://www.statista.com/statistics/1262043/hong-kong-purposes-of-buying-luxury-goods/ (last visited July 23, 2024)
Reasons for purchasing luxury goods in Hong Kong as of January 2023 [Graph], Ruder Finn, March 22, 2023. [Online]. Available: https://www.statista.com/statistics/1262043/hong-kong-purposes-of-buying-luxury-goods/
