Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 23 April 2019, 20:00 HKT/SGT
Share:
    

Source: HKTDC
HKTDC Hong Kong Houseware Fair and Home Textiles Fair draw close to 47,000 buyers
Survey reveals 'cautiously optimistic' market outlook

HONG KONG, Apr 23, 2019 - (ACN Newswire) - The 34th HKTDC Hong Kong Houseware Fair and the 10th HKTDC Hong Kong International Home Textiles and Furnishings Fair, both organised by the Hong Kong Trade Development Council (HKTDC), drew to a successful close today. Over a four-day period (20-23 April), the two fairs welcomed close to 47,000 buyers from 121 countries and regions. A satisfactory increase in buyer turnout was recorded from several markets, including Mainland China, Macao, Korea, Thailand, Indonesia, Russia, Turkey and Brazil. More than 28,000 buyers attended the Houseware Fair, while close to 19,000 buyers visited the Home Textiles Fair.

Benjamin Chau, HKTDC Deputy Executive Director, said: "Smart homes are becoming an integral part of urban living, so we are pleased to see more exhibitors developing and introducing smart home products to drive sourcing demand. In addition, the HKTDC continued to work with ASEAN countries to invite their manufacturers and buyers to participate this year's fairs. At the Houseware Fair, the Best of ASEAN zone showcased some outstanding products from Indonesia, the Philippines, Thailand and Vietnam."

Survey shows industry players cautiously optimistic about market prospects

To gauge the industry's views on market prospects, product trends and the current hot issues, the HKTDC commissioned an independent on-site survey during the Houseware Fair in which a total of 535 buyers and exhibitors were interviewed. Despite the current economic uncertainty, 53% of respondents expected the ongoing Sino-US trade friction to have no impact on the sector's export performance over the next six months, while 60% believed Brexit will have no impact over the same period. The survey also found industry players to be cautiously optimistic about market prospects, with 37% of respondents anticipating overall sales to grow and 51% expecting sales to remain steady in 2019.

Respondents were also asked for their views on the growth prospects for the industry's major sales markets. The survey revealed that Japan (67%), Taiwan (66%) and Hong Kong (65%) are the three most promising traditional markets, while Mainland China (70%) and ASEAN countries (67%) are the two emerging markets with the strongest growth prospects.

Asked about different product categories, respondents said that eco-friendly products (16%), kitchenware and gadgets (15%) and furniture (10%) are the product categories with the highest growth potential. Simple designs (43%), trendy designs (41%) and multifunction products (30%) were viewed as the most outstanding product styles this year.

"L.I.F.E" theme well received; growing trend for smart home products

This year's Houseware Fair continued to adopt the central theme of "L.I.F.E", representing "Lifestyle", "Interior", "Feast" and "Enrich", with product zones categorised accordingly to facilitate sourcing. The HKTDC also collaborated with international trend forecasting authority WGSN to set up the Trend Forecast Display and host a trend seminar to update industry professionals on the latest houseware design trends.

As technology becomes further integrated into daily living, many exhibitors showcased smart home products that cater for this growing trend. At the Houseware Fair, Mainland Chinese exhibitor Shantou Leqishi Plastic Products Co., Ltd featured its KIGI Food Storage Container. The container can be used together with the KIGI app to allow the user to check the condition of the stored food and even obtain recipe suggestions. The product attracted potential distributors from the US and the United Kingdom.

Emerging market products more in demand

Following the success of the Thailand Pavilion last year, where Thai exhibitors closed more than 100 deals, the HKTDC again collaborated with Thailand's Office of SMEs Promotion (OSMEP) to bring 20 small and medium-sized enterprises (SMEs) to exhibit at this year's Houseware Fair. Their creative products attracted a lot of interest from international buyers. Debut exhibitor Nagathaiplus Co., Ltd showcased its 100% latex pillows, neck pillows and back cushions and received two on-site orders from Italian and Argentinian buyers for one million and 500 pillows respectively. The exhibitor also met with potential distributors from Hong Kong, Mainland China and Taiwan.

Prime sourcing opportunities at Home Textiles Fair

This year's Home Textiles Fair featured quality home textiles presented by three of India's largest chambers of commerce for the textiles industry - the Handloom Export Promotion Council (HEPC), the Export Promotion Council for Handicrafts (EPCH) and the Carpet Export Promotion Council (CEPC) - along with the county of Pujiang and the town of Zhouquan from Zhejiang province in the mainland, which joined the fair for the first time.

Sourcing activity at the fairground was brisk. Eric Ni, Deputy General Manager of the Shanghai Dragon Corporation, said: "Apart from looking for new suppliers, I am taking this good opportunity to learn more about global houseware trends. I am very interested in the carpets of an Indian supplier and the silkworm quilts and silk bedding sets supplied by a Mainland Chinese exhibitor. I plan to buy products worth Rmb 800,000 from the mainland exhibitor."

Fair Websites
HKTDC Hong Kong Houseware Fair: http://hkhousewarefair.hktdc.com
HKTDC Hong Kong International Home Textiles and Furnishings Fair: http://hkhometextilesfair.hktdc.com
For more comments from exhibitors and buyers, please visit: https://bit.ly/2ZulYyY
Photo download: https://bit.ly/2UwjDA3


About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Contact:
Houseware Fair, Home Textiles and Furnishings Fair
Agnes Wat, Tel: +852 2584 4554, Email: [email protected]
Ivion Xie, Tel: +852 2584 4395, Email: [email protected]


Apr 23, 2019 20:00 HKT/SGT
Source: HKTDC

Topic: Trade Show or Conference
Sectors: Trade Shows, Fashion/Apparel, Design/Art
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
The four-day HKTDC Hong Kong Houseware Fair (Pictured) and HKTDC Hong Kong International Home Textiles and Furnishings Fair welcomed close to 47,000 buyers from 121 countries and regions.
View Image
 
This year's Houseware Fair featured various thematic zones, including the Hall of Elegance, World of Fine Dining, World of Fine Decor, Best of ASEAN, the Startup zone and the new Candles and Scents zone (Pictured).
View Image
 
The HKTDC once again collaborated with several ASEAN countries to bring their buyers to the Houseware Fair and to set up the Best of ASEAN zone. The photo shows the Thailand Pavilion, where the creative products on display included UV-resistant, antibacterial and eco-friendly textiles, herbal products, spa products, celadon products, and skincare products made from organic materials.
View Image
 
HKTDC Links

http://www.hktdc.com

https://www.facebook.com/hktdc.hk

https://twitter.com/hktdc

https://www.youtube.com/user/HKTDC

https://www.linkedin.com/company/hong-kong-trade-development-council

HKTDC
Aug 23, 2019 16:30 HKT/SGT
Hong Kong in Fashion sets the scene for CENTRESTAGE
Aug 19, 2019 20:06 HKT/SGT
Sino-US trade talks resume but outcome still uncertain
Aug 19, 2019 20:05 HKT/SGT
Four HKTDC August fairs and ICMCM draw to a close
Aug 16, 2019 12:30 HKT/SGT
Fourth Belt and Road Summit held in Hong Kong next month
Aug 15, 2019 20:32 HKT/SGT
HKTDC welcomes the Government's new economic relief measures
Aug 15, 2019 19:00 HKT/SGT
HKTDC Food Expo opens featuring new Coffee Avenue zone
Aug 15, 2019 18:00 HKT/SGT
YDC 2019 finalists announced, Mihara Yasuhiro as VIP judge
Aug 13, 2019 21:00 HKT/SGT
Asia's top fashion event CENTRESTAGE opens in September
Aug 2, 2019 15:00 HKT/SGT
HKTDC Chairman leads business mission to Bangkok
Aug 1, 2019 20:00 HKT/SGT
HKTDC Food Expo opens in mid-August
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: