26 Oct 2005
Mainland to drive Hong Kong's
lighting and hardware exports growth
|TDC Executive Director Mr. Fred Lam accompanied Executive Councillor Mr. Bernard Chan to tour around at the Hong Kong International Lighting Fair and the Hong Kong International Hardware & Home Improvement Fair earlier today (Oct 26). Picture shows an innovative "Heart shape" basin at the Sanitary World thematic zone.|
|The Central Display Area caters to overseas buyers who wish to source creative manufacturers and products designed in Hong Kong. Picture shows (left to right) Executive Councillor Mr. Bernard Chan, TDC Executive Director Mr. Fred Lam and TDC Assistant Executive Director Mr. Benjamin Chau looking at a fascinating crystal lamp, one of the exhibits at the Central Display Area.|
The hardware and lighting sectors are expected to show strong growth due to rising demand in the mainland market, according to industry experts and exhibitors attending the Hong Kong International Lighting Fair and the Hong Kong International Hardware & Home Improvement Fair this week (October 26 - 29).
Stimulated by the fast-growing construction industry in the Chinese mainland, there is rising demand for lighting, hardware and home improvement products, generating more opportunities for buyers and sellers in the lighting and hardware business.
In the first eight months this year, Hong Kong exported 33% more lighting products and 12% more hardware to the mainland.
In the same period, Hong Kong exported HK$7.8 billion worth of lighting products and HK$52.9 billion worth of hardware products to the world, an increase of 3% and 12% respectively.
The mainland's lighting market grows by around 20% in average annually. Total consumption of lighting products in the country is expected to reach RMB$130 billion in 2005. There is also a mounting demand for new and increasingly sophisticated hardware products.
Speaking at the opening ceremony of the twin fairs today (October 26), Executive Director of the Hong Kong Trade Development Council (TDC) Mr. Fred Lam said the local lighting and hardware sectors would be given a strong boost by Cepa III. The agreement allows almost all Hong Kong-origin products to enter the mainland market tariff-free.
Mr. Lam said: "Made in Hong Kong products already have a premium on the mainland. With Cepa, more Hong Kong manufacturers will be attracted to invest in R&D, design and branding businesses. Hong Kong products can compete more effectively in the mainland and sell to a potential market of 250 million middle class consumers."
The lighting show, which is the largest of its kind in Asia, attracted 1,035 companies from 27 countries and regions, representing a 16% growth. First-time participants are from Macao, Norway and Singapore.
A wide variety of lighting products, ranging from Christmas lights to lighting for emergency, safety and entertainment use, flashlights, bulbs and lampshades will be on display at the lighting show. Among the attractions is the Outdoor Lighting Section, which showcases street lamps, garden lighting and other outdoor illuminations.
The concurrent hardware show has attracted 156 exhibitors from Hong Kong, the Chinese mainland, Austria, Canada, Japan, Malaysia and Taiwan, 13% more than last year's show.
The hardware show features three thematic zones: Décor Zone, Sanitary World and the Outdoor and Gardening World, to meet buyers' sourcing needs.
Seminars on "Regulatory and Technical Update for Lighting Products to Europe" (LVD, EMC, WEEE, RoHS & CE Marking), Solid State Lighting Technology and Energy Saving, "Tech-lighting: A must for a Better Future Environment", effective credit management and intellectual property rights protection, are to be held during the fair period.
A total of 73 buying missions with around 2,700 buyers from around the world have been invited to visit the shows. Ace Hardware and W.A.C. Lighting Group from the US, BALS and Koizumi Lighting from Japan; Cantire and Rona Inc from Canada; Beacon Lighting and Gunns' Hardware from Australia are among the VIP buyers invited.
Organised by the TDC, the twin fairs run until 29 October (Saturday) at the Hong Kong Convention and Exhibition Centre.
Hardware & Home Improvement Fair website - www.hkhardwarefair.com
Market profile on building materials - www.tdctrade.com/main/industries/t2_2_43.htm
Hardware China market - www.tdctrade.com/sme/chinese/chinamkt/chinadec.htm
Hong Kong International Lighting Fair website - www.hklightingfair.com
Market profile on lighting industry - www.tdctrade.com/main/industries/t2_2_45.htm
Lighting China market- www.tdctrade.com/sme/chinese/chinamkt/chinalit.htm
For press enquiries, please contact TDC Corporate Communications Department at 2584 4333.