More than 98,000 Buyers Visit Hong Kong Electronics Fair and ICT Expo
Organized by the Hong Kong Trade Development Council (HKTDC), the 15th Hong Kong Electronics Fair (Spring Edition) and the concurrent 15th International ICT Expo drew to a successful close today (16 April). The four-day fairs welcomed more than 98,000 buyers from 151 countries and regions, up 4 per cent year on year. Buyer attendance from several markets recorded satisfactory growth, including from mature markets such as the United Kingdom, the United States, Germany, France, Italy, Japan, Korea, Singapore and Taiwan, as well as emerging markets including India, Malaysia, the Philippines and Russia. Around 66,000 buyers attended the Spring Electronics Fair, while over 32,000 buyers visited the ICT Expo.
“Technology is developing at a rapid pace. International industries, people’s daily lives and society as a whole are all embracing smart technology, which is a huge driving force behind the global economy,” said HKTDC Deputy Executive Director Benjamin Chau. “The Spring Electronics Fair and the ICT Expo welcomed global buyers to source and learn about the latest market and product trends. We saw vibrant momentum in the fairground and industry players were keen to exchange ideas. To enhance the effectiveness of the fairs, the HKTDC organised overseas buying missions to visit the fairs and provided services, such as business-matching and start-up investment matchmaking sessions to help exhibitors explore new markets and business opportunities.”
The HKTDC commissioned independent on-site surveys at the fairs, interviewing 872 buyers and exhibitors to gauge their views on industry prospects and product trends. Despite trade tensions between China and the United States, 59 per cent of respondents expect the ongoing Sino-US trade friction to have no impact on the sector’s export performance. Most of the respondents expect overall sales to increase (52 percent) or remain steady (44 percent) in 2018. In terms of growth prospects among their major sales markets, the respondents view Korea (90 percent) to be the most promising traditional market, followed by Western Europe (80 percent) and North America (78 percent), while the Chinese mainland (77 percent), Latin America (70 percent) and ASEAN markets (70 percent) are seen as having the best prospects among emerging markets.