Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Dana Gardner, Elizabeth White, Carmen Gonzalez, PagerDuty Blog

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 Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
WSM International is launching a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. This is the first independent services company to create a dedicated practice to help organizations looking to transition to the DevOps model. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of ...
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things...
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting we...
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed...
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Thi...
Businesses are looking to empower employees and departments to do more, go faster, and streamline their processes. For all workers – but mobile workers especially – utilizing the cloud to reconnect documents and improve processes without destructing existing workflows can have a dramatic impact on productivity. In his session at 16th Cloud Expo, Mark Grilli, vice president of Acrobat Solutions marketing at Adobe Systems Incorporated, will outline new ways that the cloud is changing the way peo...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Are your applications getting in the way of your business strategy? It’s time to rethink your IT approach. In his session at 16th Cloud Expo, Madhukar Kumar, Vice President, Product Management at Liaison Technologies, will discuss a new data-centric approach to IT that allows your data, not applications, to inform business strategy. By moving away from an application-centric IT model where data integration and analysis are subservient to the constraints of applications, your organization will b...