Press Releases

<p>To highlight Hong Kong’s advantages as an international innovation and technology hub as well as the business platform for smart city technologies, the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council will co-organise an inaugural<strong> InnoEX</strong> in April 2023. Riding on the past success of the HKTDC International ICT Expo, InnoEX will be a prominent one-stop I&amp;T event encompassing insights from influential tech experts and thought leaders, showcase of cutting-edge technologies and disruptive innovations, as well as business exchanges, facilitating regional and cross-sector collaborations among enterprises and government administrations, with a special focus in Asia. InnoEX will be one of the core programmes under the inaugural ‘Business of Innovation and Technology Week’.</p><p>InnoEX will adopt the EXHIBITION+ hybrid model with the physical exhibition to be held on 12-15 April 2023 at the Hong Kong Convention and Exhibition Centre, and the online platform to open from 12-22 April 2023, offering participants a more comprehensive and effective exchange and business matching platform both in person and online. Please visit <a class="vep-hyperlink" href="https://innoex.hk" target="_blank" rel="noopener">https://innoex.hk</a> for more information about the event. </p><p>For enquiries, please visit our website, call our hotline (852) 1830 668 or email <a class="vep-hyperlink" href="mailto:exhibitions@hktdc.org">exhibitions@hktdc.org</a>. </p>

HKTDC Organises Brand-New InnoEX

<div class="acchk-responsive-table">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).</div><div> </div><div class="acchk-responsive-table">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.</div><div> </div><div class="acchk-responsive-table"><strong>Economic Boost</strong><br />According to Hong Kong Exhibition &amp; 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.</div><div> </div><div class="acchk-responsive-table">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.”</div><div> </div><div class="acchk-responsive-table"><strong>Surveys Reveal Market Optimism</strong><br />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.</div><div> </div><div class="acchk-responsive-table">“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.</div><div> </div><div class="acchk-responsive-table">Other survey findings included:</div><ul><li>Exhibitors and buyers were positive about this year’s prospects, with the lighting industry expressing the most optimistic sentiment.</li><li>Among traditional markets, North America and Western Europe are seen to have higher growth prospects in the coming two years.</li><li>Among emerging markets, the Chinese mainland tops the list, followed by ASEAN.</li><li>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.</li></ul>

Seven Fairs Bring in More Than HK$1.5 Billion to Hong Kong

<table style="border: solid 1px #d3d3d3;" width="100%"><tbody><tr style="border-bottom: solid 1px #d3d3d3;"><td style="padding: 10px 40px; border-right: solid 1px #d3d3d3;" align="left"><strong>Industry</strong></td><td style="padding: 10px 40px; border-right: solid 1px #d3d3d3;" align="left"><strong>Trends</strong></td></tr><tr style="background-color: #f2f2f2;"><td style="text-align: left; padding: 10px 40px; border-right: solid 1px #d3d3d3;" align="center"><strong>Lighting</strong></td><td style="border-right: solid 1px #d3d3d3; padding: 10px 40px;" colspan="3">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 </td></tr><tr><td style="padding: 10px 40px; border-right: solid 1px #d3d3d3;" align="left"><strong>Electronics</strong></td><td style="padding: 10px 40px; border-right: solid 1px #d3d3d3;" colspan="3">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</td></tr><tr style="background-color: #f2f2f2;"><td style="text-align: left; padding: 10px 40px; border-right: solid 1px #d3d3d3;" align="center"><strong>Houseware</strong></td><td style="border-right: solid 1px #d3d3d3; padding: 10px 40px;" colspan="3">Products with the highest growth prospects in 2014: kitchenware, home decorations and general houseware items</td></tr><tr><td style="text-align: left; padding: 10px 40px; border-right: solid 1px #d3d3d3;" align="center"><strong>Gifts and Premiums</strong></td><td style="border-right: solid 1px #d3d3d3; padding: 10px 40px;" colspan="3">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</td></tr></tbody></table><div style="overflow: auto;"> </div>

<div class="acchk-responsive-table"><strong>Small-Order Trend</strong><br />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.</div><div> </div><div class="acchk-responsive-table">“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.</div><div> </div><div class="acchk-responsive-table"><strong>Seven Fairs</strong><br />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 &amp; Furnishings Fair, Hong Kong Gifts &amp; Premium Fair, and Hong Kong International Printing &amp; Packaging Fair.</div>

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

According to onsite surveys, exhibitors and buyers were positive about this year’s prospects. Lighting products with the highest growth potential this year include LED and green lighting

The Small-Order Zone at the April trade fairs attracted 84,000 buyer visits, up 30 per cent, year-on-year

Please contact the HKTDC's Corporate Communication Department: 

Media Enquiries

<strong>About the HKTDC</strong><br />A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, <a style="text-decoration: underline;" href="http://www.hktdc.com/suppliers/china-wholesale-suppliers/en" target="_blank" rel="noopener">manufacturers</a> and <a style="text-decoration: underline;" href="http://service-providers.hktdc.com/" target="_blank" rel="noopener">service providers</a>. With more than 40 global offices, including 11 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises <a style="text-decoration: underline;" href="http://www.hktdc.com/info/trade-events/EX/en/Exhibitions.htm" target="_blank" rel="noopener">trade fairs</a> and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via <a style="text-decoration: underline;" href="http://www.hktdc.com/mis/pm/en/HKTDC-Product-Magazines.html" target="_blank" rel="noopener">trade publications</a>, <a style="text-decoration: underline;" href="http://www.hktdc.com/research" target="_blank" rel="noopener">research reports</a> and <a style="text-decoration: underline;" href="http://www.hktdc.com/suppliers/china-wholesale-suppliers/en" target="_blank" rel="noopener">online</a>. For more information, please visit: <a style="text-decoration: underline;" href="http://www.hktdc.com/" target="_blank" rel="noopener">www.hktdc.com</a>. <br />Follow us on <a href="http://plus.google.com/+hktdc" target="_blank" rel="noopener"><img src="https://vep-tradeshow.hktdc.com/event/ictexpo/wp-content/uploads/sites/14/2021/11/icons__gplus.png" alt="G+" width="25" height="25" /></a> Google+ <a href="http://www.twitter.com/hktdc" target="_blank" rel="noopener"><img src="https://vep-tradeshow.hktdc.com/event/ictexpo/wp-content/uploads/sites/14/2021/11/icons__twitter.png" alt="Twitter" width="25" height="25" /></a> Twitter @hktdc <a href="http://www.linkedin.com/company/hong-kong-trade-development-council" target="_blank" rel="noopener"><img src="https://vep-tradeshow.hktdc.com/event/ictexpo/wp-content/uploads/sites/14/2021/11/icons__linkedin.png" alt="Linkedin" width="25" height="25" /></a> LinkedIn

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).