Welcome!

Search Authors: Pat Romanski, Plutora Blog, Elizabeth White, Srinivasan Sundara Rajan, Liz McMillan

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.

@ThingsExpo Stories
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “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, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
“The age of the Internet of Things is upon us,” stated Thomas Svensson, senior vice-president and general manager EMEA, ThingWorx, “and working with forward-thinking companies, such as Elisa, enables us to deploy our leading technology so that customers can profit from complete, end-to-end solutions.” ThingWorx, a PTC® (Nasdaq: PTC) business and Internet of Things (IoT) platform provider, announced on Monday that Elisa, Finnish provider of mobile and fixed broadband subscriptions, will deploy ThingWorx® platform technology to enable a new Elisa IoT service in Finland and Estonia.
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that prevent them from doing so. The Company is uniquely positioned to help address these challenges thro...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...