According to a survey on consumer behavior during coronavirus outbreak conducted by Rakuten Insight in April 2020, most of the consumers from Hong Kong, around 65 percent, stocked up because of the fear that household items might run out in supermarkets and shops. Only eight percent of the respondents said their panic buying behavior was under the influence of other shoppers.
Main factors that influenced consumers to stock up on household items during the coronavirus (COVID-19) pandemic in Hong Kong as of April 2020
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Rakuten Insight. (May 8, 2020). Main factors that influenced consumers to stock up on household items during the coronavirus (COVID-19) pandemic in Hong Kong as of April 2020 [Graph]. In Statista. Retrieved September 26, 2020, from https://www.statista.com/statistics/1117573/hong-kong-major-reasons-that-people-stocked-up-during-coronavirus-covid-19/
Rakuten Insight. "Main factors that influenced consumers to stock up on household items during the coronavirus (COVID-19) pandemic in Hong Kong as of April 2020." Chart. May 8, 2020. Statista. Accessed September 26, 2020. https://www.statista.com/statistics/1117573/hong-kong-major-reasons-that-people-stocked-up-during-coronavirus-covid-19/
Rakuten Insight. (2020). Main factors that influenced consumers to stock up on household items during the coronavirus (COVID-19) pandemic in Hong Kong as of April 2020. Statista. Statista Inc.. Accessed: September 26, 2020. https://www.statista.com/statistics/1117573/hong-kong-major-reasons-that-people-stocked-up-during-coronavirus-covid-19/
Rakuten Insight. "Main Factors That Influenced Consumers to Stock up on Household Items during The Coronavirus (Covid-19) Pandemic in Hong Kong as of April 2020." Statista, Statista Inc., 8 May 2020, https://www.statista.com/statistics/1117573/hong-kong-major-reasons-that-people-stocked-up-during-coronavirus-covid-19/
Rakuten Insight, Main factors that influenced consumers to stock up on household items during the coronavirus (COVID-19) pandemic in Hong Kong as of April 2020 Statista, https://www.statista.com/statistics/1117573/hong-kong-major-reasons-that-people-stocked-up-during-coronavirus-covid-19/ (last visited September 26, 2020)
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