24 April 2005
Green household products are well received by buyers worldwide
International buyers are looking for more green household products at Hong Kong Houseware Fair 2005 (April 21-24).
An industry survey conducted during the Fair found that about one third of items sourced by buyers were green products.
The survey conducted by Synovate research consultancy was commissioned by the Hong Kong Trade Development Council (TDC). A total of 238 exhibitors and 410 buyers were interviewed.
According to the survey, 64% of the interviewed buyers said they would source more green products in the next three years.
Although 72% of interviewed exhibitors indicated that they would be able to provide more green houseware products, half of the interviewed buyers said they still found it difficult to source green products in the Asia Pacific region.
According to the interviewed buyers, green products are referring to those that use environmentally friendly packaging (52%), recycle materials (45%), lead-free and halogen-free materials (29%) and energy efficiency (22%).
Respondents are confident in market outlook for 2005. Two-thirds of them said houseware industry would perform better or slightly better than 2004. The rest of respondents expect business to be similar to 2004.
Buyers also expect Chinese mainland, Western Europe, the US and India will have the biggest growth in retail market. The average growth rate in these markets are 23%, 13%, 12% and 19% respectively.
Organised by the TDC, the annual Hong Kong Houseware Fair is the largest of its kind in Asia. This year, more than 2,100 exhibitors from 37 countries and regions took part in the four-day fair. Concluded today, the fair has attracted a total of 31,669 buyers, with 17,402 of them coming from outside Hong Kong.
The next event will be held from April 21-24, 2006 at the Hong Kong Convention and Exhibition Centre.
For press enquiries, please contact TDC's Corporate and Media Communication Department at 2584 4049.