Eight major trade fairs organized by the Hong Kong Trade Development Council (HKTDC) in October and November attracted nearly 200,000 buyers from all over the world.
This represented an increase of 6% over 2011, creating business opportunities for more than 8,300 exhibitors, which increased in number by 4%. Among the HKTDC’s autumn trade fairs were: the Hong Kong Electronics Fair (Autumn Edition), the electronicAsia, and the Hong Kong International Lighting Fair (Autumn Edition).
The eight trade fairs drew attendees from 163 countries and regions, some 60 per cent of whom came from overseas. Buyers from Asia were up nearly three per cent over last year, with the Chinese mainland and India up four per cent and almost five per cent, respectively, over 2011.
“In the face of challenging market conditions, manufacturers need to have effective promotional channels, while buyers should adapt to market trends and address the needs of consumers,” said HKTDC Deputy Executive Director Benjamin Chau. “As Hong Kong provides world-class exhibition and trade services, we are confident that Hong Kong’s trade fairs will remain the top choice for suppliers and buyers,” he added.
Some 44 per cent of the interviewed electronics fair exhibitors and 39 per cent of the interviewed lighting fair exhibitors said that they would raise the prices of their products next year. Nearly 60 per cent of the interviewed buyers in the two industries said that they expected their sourcing costs to increase next year, mainly due to rising raw materials costs (80 per cent), higher labour costs (73 per cent) and exchange rate fluctuations (51 per cent).
When asked about product and market trends, the interviewed electronics fair exhibitors and buyers said that personal electronics products, including smartphones, tablets and related accessories, have higher growth potential, while more than 60 per cent of the interviewed lighting fair exhibitors and buyers said that LED lighting products have the biggest growth potential, followed by residential and commercial lighting products.