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29,500 buyers visited the Houseware Fair, while added than 19,000 buyers abounding the Home Bolt and Accoutrement Fair. Attendance from complete markets such as Singapore, Canada, the UK and the US, as able-bodied as arising markets including the Chinese mainland, Vietnam, Brazil, Argentina and Mexico all saw growth.
Survey: 60% of respondents see Sino-US barter abrasion accepting no appulse on industry exports —
To accept the angle of industry players on bazaar affairs and artefact trends, the HKTDC commissioned an absolute on-site survey, interviewing added than 540 buyers and exhibitors at the two fairs. About 60% of respondents accepted the advancing Sino-US barter abrasion to accept no appulse on the sector’s consign performance.
The analysis additionally begin that the industry is carefully optimistic about the market’s prospects, with 40% of respondents anticipating all-embracing sales to abound and 53% assured them to abide abiding this year. Meanwhile, respondents said the above challenges adverse the industry in 2018 are added operating costs (51%), amount fluctuations of raw abstracts (46%) and the animation of the all-around abridgement (39%).
Buyers abide to favour Hong Kong as a trading platform, as the analysis begin that 46% of buyers polled apprehend to antecedent an added aggregate of articles through Hong Kong, while 62% of exhibitors accepted to advertise an added aggregate of articles through the city. Affection (87%) and acquiescence with ecology regulations/standards (83%) were articular by responding buyers as the key aggressive advantages of Hong Kong’s accouterments suppliers.
The analysis additionally approved respondents’ angle on the advance affairs of the above sales markets. Western Europe (72%), Japan (63%) and North America (55%) are the three best able acceptable markets; while the Chinese Acreage (64%) was admired as the arising bazaar with the arch advance prospects, followed by India (46%) and ASEAN countries (43%).
In agreement of articles trends, the respondents said accouterments and accessories (15%), eco-friendly articles (14%), autogenous adornment and handicrafts (12%) are the artefact categories with the accomplished advance potential. Simple designs (45%), multifunction articles (42%) and contemporary designs (40%) are apparent as the best outstanding artefact styles this year.
A springboard for start-ups —
“Hong Kong has connected been a cradle for entrepreneurs,” said HKTDC Acting Executive Director Benjamin Chau. “Our avant-garde cerebration and ambitious spirit, which accept contributed abundantly to Hong Kong’s bread-and-butter success, are acute for the city’s future. As such, we connected to organise a Startup Area at this year’s Houseware Fair, featuring added than 20 start-ups from Hong Kong, the Chinese mainland, Taiwan and Bangladesh.
The area accustomed start-ups to display at a lower cost, authoritative the appearance a springboard for them to affix with across buyers and manufacturers, and a testing arena to barometer bazaar responses to their products. We additionally organised a cardinal of “Startup, Acute Launch” sessions for start-ups to present their business account and analyze opportunities.”
Andy Yeung, Artefact Artist of bounded start-up Maxcare Trading Limited. said the Startup Area provided a cost-effective belvedere to advance the company’s products. “At the fair, our Bicit mini gym bikes, palm-sized massagers, acute bowl cups and carriageable air coolers accept admiring abounding buyers, abnormally buyers from Japan, Taiwan and the US, who will abode adjustment for our gym bikes and carriageable air coolers.”
Brisk sourcing by buyers from arising markets —
The Houseware Fair’s capital affair this year connected to be “L.I.F.E.”, continuing for its four above themed zones: Lifestyle, Interior, Feast and Enrich. Buyers accepted the able zoning, which facilitated sourcing.
Zubair Ahmed, a client from the United Arab Emirates’ Danube Home, said that he came to Hong Kong to antecedent home accoutrement articles for the company’s 18 stores. He begin six abeyant suppliers from the Chinese mainland, Japan and Thailand, and finalised orders with four exhibitors for US$250,000 account of cookware, glassware, cutlery and kitchenware, authoritative his appointment rewarding.
Home Bolt Fair creates added opportunities —
Held accordingly with the Houseware Fair, the Hong Kong All-embracing Home Bolt and Accoutrement Fair adopted the “Interior” affair and showcased a array of home textiles, upholstery and accoutrement products, accouterment a one-stop sourcing belvedere for buyers. The highlight zone, the Hall of Glamour, spotlighted affection brands and artist collections.
India and the Chinese acreage set up a cardinal of committed pavilions to advertise their products. Nisha Lamba and Guru Lamba, Directors of Angads Fashion Pty. Ltd. of Australia, visited the fair to antecedent hotel-related bolt and assured an adjustment for US$25,000 account of articles with an adviser from the Chinese mainland.
Fair Websites–Hong Kong Houseware Fair: http://hkhousewarefair.hktdc.com/Home Bolt & Accoutrement Fair: http://hkhometextilesfair.hktdc.com/Photo Download: https://bit.ly/2qPC2vE
For added comments from exhibitors and buyers, amuse visit: https://goo.gl/gde68V
Established in 1966, the Hong Kong Barter Development Council (HKTDC) is a approved anatomy committed to creating opportunities for Hong Kong’s businesses. With added than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a belvedere for accomplishing business with China, Asia and the world. With added than 50 years of experience, the HKTDC organises all-embracing exhibitions, conferences and business missions to accommodate companies, decidedly SMEs, with business opportunities on the acreage and in all-embracing markets, while accouterment business insights and advice via barter publications, analysis letters and agenda channels including the media room. For added information, amuse visit: www.hktdc.com/aboutus. Follow us on Google , Cheep @hktdc, LinkedIn.- Google : https://plus.google.com/ hktdc- Twitter: http://www.twitter.com/hktdc- LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council
Copyright © 2018 ACN Newswire. All rights reserved. A analysis of Asia Corporate News Network.
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