According to a survey on luxury goods purchases in January 2023, approximately 65 percent of Hong Kong consumers said that they purchased luxury handbags at least once a season. In comparison, only about one percent of respondents said that they purchased one luxury handbag every two years.
Frequency of luxury handbags purchases among high-income consumers in Hong Kong as of January 2023
Original question: How often do you purchase a new handbag?
* 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
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Ruder Finn. (March 22, 2023). Frequency of luxury handbags purchases among high-income consumers in Hong Kong as of January 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1395162/hong-kong-frequency-of-buying-luxury-handbags/
Ruder Finn. "Frequency of luxury handbags purchases among high-income consumers in Hong Kong as of January 2023." Chart. March 22, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1395162/hong-kong-frequency-of-buying-luxury-handbags/
Ruder Finn. (2023). Frequency of luxury handbags purchases among high-income consumers in Hong Kong as of January 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1395162/hong-kong-frequency-of-buying-luxury-handbags/
Ruder Finn. "Frequency of Luxury Handbags Purchases among High-income Consumers in Hong Kong as of January 2023." Statista, Statista Inc., 22 Mar 2023, https://www.statista.com/statistics/1395162/hong-kong-frequency-of-buying-luxury-handbags/
Ruder Finn, Frequency of luxury handbags purchases among high-income consumers in Hong Kong as of January 2023 Statista, https://www.statista.com/statistics/1395162/hong-kong-frequency-of-buying-luxury-handbags/ (last visited November 21, 2024)
Frequency of luxury handbags purchases among high-income consumers in Hong Kong as of January 2023 [Graph], Ruder Finn, March 22, 2023. [Online]. Available: https://www.statista.com/statistics/1395162/hong-kong-frequency-of-buying-luxury-handbags/
