Duty Free Retailing in Asia-Pacific, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$4950

Asia-Pacific duty free retail market recorded CAGR of 9.4% during 2010–2015 driven by increase in Chinese duty free spending and expansion of duty free retail space. Growing tourism, expansion of off-airport duty free locations, rising online duty free sales are key factors that will positively influence the regional duty free sales. However, devaluation of Chinese Yuan will reduce purchasing power of high spending Chinese duty free shoppers. To entice this cohort, majority of the Asian countries are easing their visa policies, which have previously fueled tourism and thus spending in Japan and South Korea. Duty free operators are also seeking growth in new markets as competition in home market intensifies with new airport and downtown duty free locations.

Scope

• Asia-Pacific will register CAGR of 9.4% during 2015–2020. It is the fastest growing region globally

• South Korea is the largest market in the region contributing more than 30% to the total region sales

• Japan will overtake Singapore and Thailand by 2020, growing at a CAGR of 13.2%

• India is the fastest growing market and is expected to surpass Thailand by 2020 with sales reaching US$1.4 billion

• Health and beauty is the largest category in 2015 and is expected to grow at a CAGR of 10.0%.

Reasons to Buy

Get immediate access to:

Get reliable duty free retail sales data on 12 countries in Asia–Pacific for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk

Explore an in-depth analysis of duty free retail sales data by country and categories to spot and target key categories in each country, and use to plan growth opportunities and develop strategies for each

Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape

Make country level comparisons to effectively target new revenue streams and align marketing strategies with the crucial trends influencing duty free spending in the region

Choose partners , understand the competition, with data and analysis of major duty free operators in the region, including market shares, trading performance, locations, latest developments, and the outlook for each.

DFS Group
Lotte Duty Free
The Shilla Duty Free
Ever Rich Group
King Power International (Thailand)
Sunrise Duty Free
China Duty Free group
King Power Group (Hong Kong)
Sky Connection Limited
Dufry
Japan Airport Terminal Co.
Gebr. Heinemann
Aelia Duty Free

Table of Contents

Highlights

Duty Free Retailing in Asia–Pacific, 2015–2020

Executive Summary

Asia–Pacific duty free retailing – The market

Drivers and Inhibitors

Duty free sales by country

Duty free sales by category

Country Summary

Asia–Pacific duty free retailing – Trends

Trends in the region

Retail innovations in the region

Asia–Pacific duty free retailing – Market drivers

Inbound tourism

Consumer trends

Asia–Pacific duty free retailing – Major operators in the region

Asia–Pacific duty free retailing – Category sales by country

Appendix

Table

N/A

Figures

Figure: 1 Duty free retail sales 2010, 2015, and 2020 in US$ bn

Figure: 2 Duty free retail sales by country in Asia-Pacific

Figure: 3 Largest markets in Asia-Pacific, 2015

Figure: 4 Largest markets in Asia-Pacific, 2020

Figure: 5 Share of each country in Asia-Pacific total duty free sales, 2015

Figure: 6 Share of each country in Asia-Pacific total duty free sales, 2020

Figure: 7 Fastest-growing markets in Asia-Pacific, CAGR 2015-2020 (%)

Figure: 8 Duty free category group sales in the region 2015 & 2020 (1/2)

Figure: 9 Duty free category group sales in the region, 2015 (2/2)

Figure: 10 Duty free category group sales in the region, 2020 (2/2)

Figure: 11 Duty free category sales in the region (1/2), 2015

Figure: 12 Duty free category sales in the region (1/2), 2020

Figure: 13 Duty free category sales in the region (2/2), 2015

Figure: 14 Duty free category sales in the region (2/2), 2020

Figure: 15 Airport Development in the region, 2015

Figure: 16 Chinese tourist arrivals in key Asian markets (in million), 2011-2015

Figure: 17 Expanding downtown duty free stores in Asia–Pacific countries (1/2)

Figure: 18 Expanding downtown duty free stores in Asia–Pacific countries (2/2)

Figure: 19 International arrivals to Asia-Pacific (in million)

Figure: 20-31 International arrivals by country

Figure: 32 In the last year, how many times have you traveled by air?

Figure: 33 On average, how much time do you spend per visit to a duty free airport retail outlet?

Figure: 34 How much did you spend on each type of product per visit? (Asia-Pacific)

Figure: 35 How much did you spend on each type of product per visit? (Other regions)

Figure: 36 Market share in Asia-Pacific of leading players

Figure: 37 Lotte Duty Free duty free sales 2011–2015 & Annual Growth

Figure: 38 Lotte Duty Free market share in Asia-Pacific, 2011–2015

Figure: 39 Lotte Duty Free trading record (US$ m), 2011–15

Figure: 40 DFS duty free sales 2011–2015 & Annual Growth

Figure: 41 DFS market share in Asia-Pacific, 2011–2015

Figure: 42 DFS trading record (EUR m), 2011–15

Figure: 43 DFS trading record (US$ m), 2011–15

Figure: 44 The Shilla Duty Free duty free sales 2011–2015 & Annual Growth

Figure: 45 The Shilla Duty Free market share in Asia-Pacific, 2011–2015

Figure: 46 The Shilla Duty Free trading record (US$ m), 2011–15

Figure: 47 Ever Rich Group duty free sales 2011–2015 & Annual Growth

Figure: 48 Ever Rich Group market share in Asia-Pacific, 2011–2015

Figure: 49 Ever Rich Group trading record (US$ m), 2011–15

Figure: 50 Sunrise Duty Free sales 2011–2015 & Annual Growth

Figure: 51 Sunrise Duty Free market share in Asia-Pacific, 2011–2015

Figure: 52 Sunrise Duty Free trading record (US$ m), 2011–15

Figure: 53 China Duty Free Group (CDFG) sales 2011–2015 & Annual Growth

Figure: 54 China Duty Free Group (CDFG) market share in Asia-Pacific, 2011–2015

Figure: 55 China Duty Free Group (CDFG) trading record (US$ m), 2011–15

Figure: 56 King Power International (Thailand) sales 2011–2015 & Annual Growth

Figure: 57 King Power International (Thailand) market share in Asia-Pacific, 2011–2015

Figure: 58 King Power International (Thailand) trading record (US$ m), 2011–15

Figure: 59 Sky Connection Duty Free sales 2011–2015 & Annual Growth

Figure: 60 Sky Connection Duty Free market share in Asia-Pacific, 2011–2015

Figure: 61 Sky Connection Duty Free trading record (US$ m), 2011–15

Figure: 62 Japan Airport Terminal Co. (JATCo) sales 2011–2015 & Annual Growth

Figure: 63 Japan Airport Terminal Co. (JATCo) market share in Asia-Pacific, 2011–2016

Figure: 64 Japan Airport Terminal Co. (JATCo) trading record (US$ m), 2011–16

Figure: 65 King Power Group (Hong Kong) sales 2011–2015 & Annual Growth

Figure: 66 King Power Group (Hong Kong) market share in Asia-Pacific, 2011–2017

Figure: 67 King Power Group (Hong Kong) trading record (US$ m), 2011–17

Figure: 68 Dufry duty free sales in Asia-Pacific 2011–2015 & Annual Growth

Figure: 69 Dufry market share, 2011–2015

Figure: 70 Dufry trading record (CHF m), 2011–15

Figure: 71 Dufry trading record (US$ m), 2011–15

Figure: 72 Dufry pro-forma (US$ m), 2011–15

Figure: 73 Dufry sales by category in 2015 (%) and change in share 2011 vs 2015

Figure: 74-121 Duty free category sales by country 2015 & 202

Frequently asked questions

Duty Free Retailing in Asia-Pacific, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape standard reports
Currency USD
$4,950

Can be used by individual purchaser only

$14,850

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Duty Free Retailing in Asia-Pacific, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape in real time.

  • Access a live Duty Free Retailing in Asia-Pacific, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.