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 August 15, 2022, 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 August 15, 2022. 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: August 15, 2022. 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 August 15, 2022)
