Gifts, printing and packaging, and licensing events foster cross-industry opportunities
Fairs featuring sustainable, cultural and creative products attract over 60,000 buyers
- The Gifts & Premium Fair, Printing & Packaging Fair and debut DeLuxe PrintPack concluded successfully today, while the Licensing Show ended yesterday. The four trade fairs attracted over 60,000 buyers from 128 countries and regions for sourcing and procurement
- Buyers from outside Hong Kong were mainly from Mainland China, Taiwan, the United States, Japan, and Korea
- A survey showed 60% of respondents believed overall sales would increase in the next 12 to 24 months
The Hong Kong Gifts & Premium Fair, Hong Kong International Printing & Packaging Fair and inaugural DeLuxe PrintPack Hong Kong concluded successfully today, while the Hong Kong International Licensing Show (HKILS),
ended yesterday. The four trade fairs collectively attracted over
60,000 buyers from 128 countries and regions. The Gifts & Premium
Fair welcomed some 35,000 buyers, while the Printing & Packaging
Fair and DeLuxe PrintPack fair drew over 10,000 buyers, and the HKILS
had over 15,000. Buyers from outside Hong Kong were mainly from Mainland
China, Taiwan, the United States, Japan and Korea, demonstrating active
global participation in the April trade events. Concurrent with the
HKILS, the Asian Licensing Conference (ALC) invited
nearly 30 international industry experts to share insights on global
licensing trends and growth drivers. The four trade fairs, along with
the ALC, contribute to the promotion of Hong Kong’s cultural and
creative industries and development of intellectual property trade.
Sophia Chong,
Deputy Executive Director of the HKTDC, said: “The Gifts & Premium
Fair, Printing & Packaging Fair, inaugural DeLuxe PrintPack Hong
Kong, and HKILS bring together creative industry professionals and
licensing industry players, providing a platform for exchange and
connecting potential partners. Under the national 14th Five
Year Plan, Hong Kong serves as a centre for cultural promotion and
exchange, with the goal of promoting Chinese culture overseas. This
year’s Gifts & Premium Fair and HKILS feature rich cultural and
creative content, with the participation of numerous cultural and
creative communities from Mainland China, which has been well-received
by buyers. Additionally, with the recent implementation of the
plastic-free policy in Hong Kong from last week, the Printing &
Packaging Fair and inaugural DeLuxe PrintPack have attracted many local
buyers seeking eco-friendly packaging, creating more business
opportunities for the industry.” She further emphasised that Hong Kong
is a renowned global sourcing hub, and the April trade shows gather
industry people from traditional markets such as Europe and the United
States, as well as those from emerging markets such as Mainland China,
ASEAN and the Middle East. With the HKTDC providing online and offline
business matching platforms, the industry can seize golden opportunities
in the April sourcing season.
60% anticipate increase in sales
During
the Gifts & Premium Fair, the HKTDC commissioned an independent
research agency to interview some 870 exhibitors and buyers. Of the
respondents, 60% believed their overall sales figures would rise in the
next 12 to 24 months while 38% consider rising demand from emerging
markets as the biggest business opportunity this year, followed by
recovering purchasing power from customers (33%) and business leads from
e-tailing (30%). The greatest challenges identified were fluctuations
of the global economy (49%), impact of inflation (34%) and exchange rate
volatility (33%).
In terms of market expansion, the popular
choices among respondents included Northern and Western Europe (27%),
North America (27%), ASEAN (22%) and Japan (14%).
Respondents
identified green, environmentally friendly (60%), chic and fashionable
(40%) and high-tech (31%) as the three major gifts and premium market
product-feature trends. The gift and premium items with the most growth
potential were considered to be sustainable gifts (16%), figurines &
decorations (16%) and toys & baby products (16%).
Market trends usher in cultural creative and eco-friendly products
Hong Kong is a leading sourcing hub for gifts, and exhibitors at the Gifts & Premium Fair are closely attuned to trends, incorporating cultural and creative designs. Marushin Sun Heart (HK) Limited
has introduced uniquely designed small bags and pouches in the shape of
food items which are popular in Europe and the United States. The
exhibitor joined the Gifts & Premium Fair in order to bring these
popular bags into Asian markets and the result exceeded expectations. Shoko Kodama, Board Director, Marushin Co., Ltd.,
said: “At the fair, we have transformed our booth into a supermarket
and attracted a lot of new buyers, 70% of whom come from Europe and the
United States and the remainder from Southeast Asia. Their responses are
very positive. So far, we have found 20 to 30 potential distributors.
Some of our existing distributors have already placed on-the-spot orders
worth a total of US$50,000 on the first day. We expect our on-site
orders will amount to US$200,000.”
In addition, a Jingdezhen porcelain manufacturer joined the Gifts & Premium Fair
for the first time to promote handcrafted and unique porcelain
artworks. Their products have garnered appreciation among collectors
from Hong Kong, Indonesia and Singapore.
Hong Kong-based Printing and Packaging Fair exhibitor Zune Asia Ltd
has operated in Hong Kong for over 20 years and now focuses on
developing markets in Mainland China and Hong Kong. Area Manager Alex Cheung
said: “We are a branch of a Swiss cutting company and have joined this
fair for more than 10 years. On the fair’s second day, we already met
close to 30 buyers from Mainland China, Taiwan, Japan, Korea and India.
We estimate to generate sales revenue of HK$5 million (US$640,000) to $6
million during the fair. We also reconnected with two past customers at
the fair.” The returned Korea Pavilion also received positive
responses, Jae Hyoung Kim, Manager of Sangil Eco & Paper Bag Co., Ltd,
an exhibitor offering sustainable products and solutions, successfully
connected to four potential buyers from large-scale stores based in
Chile, Mainland China and Europe.
The inaugural DeLuxe PrintPack Hong Kong brings together a wider range of luxury packaging options for buyers. Curtis Chan, Founder of Hong Kong-based Merit Ideas International Limited,
said: “We were very pleased that we made contact with 20 to 30 new
buyers on the first day. We have also connected with five different
buyers from packaging companies in Mexico, Lotte Group in Korea,
Isabelle Food Company in Taiwan, and a jewellery company in Mainland
China through the Click2Match platform. We expect to secure orders worth HK$200,000 (US$26,000) to $300,000 during the fair.”
One-stop trade platform enhances synergy
On the buyer side, Pierre Lombard, Marketing Executive of Verimark (Pty) Ltd,
a direct marketing company in South Africa, said: “I have found at
Gifts Fair 14 potential suppliers which have their own factories, and
I’ll close deals valued at US$150,000 with two toy factories. I am happy
to see new and innovative designs for smart watches, body massage guns,
home fitness equipment and microfibre bath towels. I will place orders
later.” Another buyer from the United States, Connie Tsang from Time Products International, highlighted that the product sustainability and practicality are key market trends. Through Click2Match,
she connected with several eco-friendly product suppliers and will be
finalising a deal with an Indian supplier to purchase environmentally
friendly bags worth US$10,000.
Quan Luong Le, CEO and Founder of Nam Xanh Joint Stock Company,
a buyer from Vietnam, found many suppliers at the Printing &
Packaging Fair and DeLuxe PrintPack fair. He said: “We are looking for
some long-term suppliers and we met 15 on the first day, who are mainly
from Mainland China including Guangdong, Shenzhen and Xuzhou. We will
shortlist three to four suppliers, and place orders of 5,000 to 10,000
units of ribbons, glass bottles and gift boxes initially, roughly
amounting to US$40,000 to $50,000.” Another buyer, Martin Dusanek, Managing Director of Dekos Packaging Solutions
in Czech Republic, said: “Our main focus was on sourcing green and
high-end custom packaging products, and I successfully met potential
suppliers from Mainland China and Korea. The estimated total value of
the packaging procurement is US$50,000.”
Under the EXHIBITION+
model, the four trade fairs integrate offline and online elements.
Apart from taking part in the physical fairs, buyers can continue
networking through the Click2Match smart business-matching platform.
The Hong Kong Gifts & Premium Fair, organised by the HKTDC, took place from 27 to 30 April at the Hong Kong Convention and Exhibition Centre (HKCEC). Concurrently, the HKTDC and CIEC Exhibition Company (Hong Kong) Limited held the Hong Kong International Printing & Packaging Fair and the inaugural DeLuxe PrintPack Hong Kong at the AsiaWorld-Expo. Additionally, the HKILS and ALC were held from 27 to 29 April at the HKCEC.