Keen Sourcing Services Project Team visit Hong Kong Electronics Fair during Apr 13 -Apr 16. We take the chance to get connect to more suppliers and catch on the industry trends.
Organized by the Hong Kong Trade Development Council (HKTDC), the 14th Hong Kong Electronics Fair (Spring Edition) and the concurrent 14th International ICT Expo drew to a successful close yesterday (16 April). The four-day fairs (13 to 16 April) welcomed more than 94,000 buyers from 138 countries and regions, an increase of 1.4 percent over the previous year. The number of buyers from mature markets such as Japan and Korea recorded growth, while buyers from emerging markets including the Chinese mainland, Brazil, India and Russia recorded a double-digit percentage increase.
The HKTDC commissioned an independent research agency to conduct surveys on-site, interviewing over 850 buyers and exhibitors to gauge their views on industry prospects. According to the results, more than 80 per cent of respondents expect overall sales to increase or remain steady in 2017. The respondents view North America, Western Europe and Hong Kong to be the most promising traditional markets, while the mainland, ASEAN markets, India and Middle East are seen as having the best prospects among emerging markets.
“In this digital age led by smart technology, electronics is widely used in all aspects of life, ranging from business to home living. The industry is constantly seeking innovative and futuristic products and technology. These trends were reflected in this year’s Spring Electronics Fair and ICT Expo. Together they formed an important marketplace for exhibitors to showcase their innovative products and ICT solutions to global buyers, creating tremendous business opportunities,” said HKTDC Deputy Executive Director Benjamin Chau. “We saw brisk sourcing at the fairground. Buyers were keenly looking for the latest products and technologies, especially high-tech products with virtual reality (VR) elements or smart-home applications.”
The expo attracted many buyers from emerging markets with vibrant economic growth, including ITQAN Global for Digital Cloud Systems from the UAE, one of the largest IT service providers in the region. It supplies a wide range of system integration and technology solutions, including cloud-based projects and cybersecurity initiatives. General Manager Feras Al-Jabi said that at the expo he had identified potential partners from the mainland, Taiwan and India providing such services as 3D printing, cybersecurity, mobile applications and healthcare solutions. “Subject to successful negotiation, the total value of potential projects we anticipate to undertake in the coming year will be up to US$3 million,” said Mr Al-Jabi.
To cater to buyers’ growing need to source in small orders, the Spring Electronics Fair once again featured the hktdc.com Small Orders zone, where about 300 showcases featured nearly 3,000 products available in minimum order quantities ranging from five to 1,000 pieces. Over the four-day fair period, around 30,000 buyers visited the zone, generating more than 20,000 business connections.
Keen Sourcing project team meet our clients as well during the fair.