Welcome!

News Feed Item

HKTDC April Fairs Realise Record Exhibitor, Buyer Totals



Seven Fairs Bring in More Than HK$1.5 Billion to Hong Kong

Hong Kong, May 14 - The seven fairs organised in April by the HKTDC attracted more than 11,000 exhibitors and 221,000 buyers, setting a new record for both. The Hong Kong Electronics Fair (Spring Edition) was among the seven fairs.
Hong Kong, May 14, 2014 - (ACN Newswire) - The seven fairs organised in April by the Hong Kong Trade Development Council (HKTDC) set new exhibitor and buyer records. Collectively, the fairs welcomed more than 11,000 exhibitors (6,907 from overseas) and 221,000 buyers (126,000 from overseas).

Buyer attendance from Asia surged 7.5 per cent, year-on-year, with the Chinese mainland, India, South Korea, Taiwan, Thailand and Vietnam recording considerable increases. Buyers from North America and Europe showed positive sentiment and recorded good growth at the lighting fair, ICT Expo, gift fair and printing fair.

Economic Boost

According to Hong Kong Exhibition & Convention Industry Association estimates, each international exhibitor and international exhibition visitor spent, on average, HK$8,800 and HK$11,000 respectively. Counting overseas fair visitors and assuming that each exhibitor sent two representatives to Hong Kong, the seven fairs brought in more than HK$1.5 billion to Hong Kong. The total does not include business orders and revenue from relevant commercial and trade support, such as accounting, legal and financial services.

HKTDC Deputy Executive Director Benjamin Chau said that the fairs made significant contributions to the Hong Kong economy. "The enlarged scale of the fairs increased business opportunities for the exhibition industry, as well as for the exhibitors and buyers. More business was also generated in industries such as logistics, security, marketing, translation, hotels, and food and beverage."

Surveys Reveal Market Optimism

The HKTDC commissioned Ipsos, an independent market research agency, to conduct surveys during the lighting, electronics, houseware, and gift fairs. A total of 1,053 exhibitors and 1,712 buyers were interviewed.

"The results are a vote of confidence in Hong Kong's exhibition industry," said Mr Chau. He noted that 78 per cent of the buyers interviewed contacted new suppliers during the fairs, while 88 per cent of the exhibitors met new buyers during the fairs, up from 75 per cent last year. "The survey also found that 90 per cent of the respondents expect this year's market to perform better or the same as last year, suggesting that the global economy will gradually recover and that the market is positive about prospects in the coming year," added Mr Chau.

Other survey findings included:

-- Exhibitors and buyers were positive about this year's prospects, with the lighting industry expressing the most optimistic sentiment.
-- Among traditional markets, North America and Western Europe are seen to have higher growth prospects in the coming two years.
-- Among emerging markets, the Chinese mainland tops the list, followed by ASEAN.
-- More than 80 per cent of the buyers expect the volume of products sold or sourced via Hong Kong to increase or remain unchanged in the coming year. The majority of buyers considered compliance with safety standards and product quality as competitive edges for Hong Kong suppliers.

Individual Industry Results

- Lighting
LED products are being boosted by tighter environmental standards, which are helping to drive technology advancement, and retail price decreases. Products with the highest growth prospects in 2014: LED and green lighting, commercial lighting and household lighting

- Electronics
Sales of tablet computers and smartphones continue to dominate the market, especially the high-end products. This is spurring demand for mobile battery chargers, Bluetooth speakers, protective covers and other accessories. There is also good market potential for 3D printers, with demand coming largely from Asia. Products with the highest growth prospects in 2014: mobile devices and accessories, electronics/electrical accessories, and audio-visual

- Houseware
Products with the highest growth prospects in 2014: kitchenware, home decorations and general houseware items

- Gifts and Premiums
Environmentally friendly and advanced technology gifts are the most sought after. Products with the highest growth prospects in 2014: advertising gifts premiums, green gifts and tech gifts

Small-Order Trend

The surveys also found that buyers continue to adopt the small-quantity sourcing model. The Small-Order Zone set up by the HKTDC during the April trade fairs attracted 84,000 buyer visits, up over 30 per cent, year-on-year, generating 140,000 business connections.

"Since its inception in April 2012, the Small-Order Zone at HKTDC fairs has helped about 5,000 suppliers capture new business opportunities, creating over 400,000 business connections," said Mr Chau. The HKTDC's Small-Order Zone online, also launched in April 2012, has generated over 694,000 business connections. Online instant payment is now available.

Seven Fairs

The Council's seven April trade fairs were: the Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition), International ICT Expo, Hong Kong Houseware Fair, Hong Kong International Home Textiles & Furnishings Fair, Hong Kong Gifts & Premium Fair, and Hong Kong International Printing & Packaging Fair.

Photo Download: http://filesharing.tdc.org.hk/hktdc/download.php?fid=_phpxmf1Dc

About HKTDC

A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com. Follow us on Google+, Twitter @hktdc, LinkedIn.

Google+: http://plus.google.com/+hktdc
Twitter: http://www.twitter.com/hktdc
LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Source: HKTDC

Contact:
HKTDC
Corporate Communication Department
Joe Kainz
Tel: +852 2584 4216
Email: [email protected]




Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...