Hong Kong Electronics Fair Draws 5-percent More Attendees

October 22, 2012

The four-day Hong Kong Electronics Fair (Autumn Edition) and the concurrent electronicAsia attracted more than 97,000 buyers from 140 countries and regions, with the electronics portion drawing a 5-percent increase, compared with last year’s show.

The Hong Kong Trade Development Councils’ combined exhibitions at the Hong Kong Convention and Exhibition Centre also welcomed 3,900 exhibitors from 28 countries and regions.

The electronics fair alone drew more than 64,000 buyers, a fair record. An increase in buyers came from Asian regions such as the Chinese mainland, South Korea and Taiwan, as well as significant growth from ASEAN and emerging markets such as Columbia, the Czech Republic, Ukraine and Vietnam.

Among the major retailers represented were Best Buy (United States), Carrefour (France), MGB Metro (Germany), ozon.ru (Russia), Future Group (India), and PChome (Taiwan).

HKTDC Deputy Executive Director Benjamin Chau said emerging markets are standing out as developed European and American economies remain mired in uncertainty, and buyers become more cautious.

“On the other hand, middle class consumer segments in emerging markets such as South America and Eastern Europe are expanding relentlessly and people there are going after consumer goods with outstanding designs and features,” Chau said..

He added, “With the increasing popularity of mobile devices such as smartphones and tablets, there is huge demand for related accessories, audio-visual products and apps. So there is still handsome growth potential in the market.”

This year’s Autumn fair was the first to introduce a Small-Order Zone, which offered more than 1,000 premium products from 220-plus suppliers.

An “Experience Corner” also was set up to allow buyers to inspect or try out products. Approximately 19,000 buyers visited the zone during the fair, creating nearly 13,000 trade connections during the event’s four-day period.

German buyer Rolf Weimann said the new feature helped her find what she needed. “We concentrate on identifying practical small household appliances, and in the Small-Order Zone I have tested out some products. This gives me a better understanding of their features and more confidence in them,” she said. “There are many variables in the market and our sourcing strategy has changed. At this stage we will mostly buy in small batches and will only place repeat orders if market response is good."

Industry players said they also appreciated having two events in a single venue to find the latest products, technology and market information, according to show organizers.

“Hong Kong is the best location for sourcing,” said Mihaela Babaran, an Eastern European buyer. “The simultaneous running of two major exhibitions has allowed me to come into grasp with product as well as industry trends in one go.”

The 33rd edition of the EFSE and the 17th edition of the electronicAsia will be held next October in the Hong Kong Convention and Exhibition Centre.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.