HKTDC April Mega Fairs

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HKTDC April Mega Fairs Christine Kwok Christine Kwok Managing Consultant Managing Consultant Actrium Solutions Actrium Solutions 30 April 2009 30 April 2009

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HKTDC April Mega Fairs. Christine Kwok Managing Consultant Actrium Solutions 30 April 2009. Key Findings Buyers. Respondents By Market. Base: All Respondents (N=944). Respondents By Region. Base: All Respondents (N=944). - PowerPoint PPT Presentation

Transcript of HKTDC April Mega Fairs

Page 1: HKTDC April Mega Fairs

HKTDC April Mega Fairs HKTDC April Mega Fairs

Christine KwokChristine Kwok

Managing ConsultantManaging Consultant

Actrium Solutions Actrium Solutions

30 April 200930 April 2009

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Key Findings Buyers

Key Findings Buyers

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Respondents By Market

Markets

Mature Markets,

41%

Emerging Markets,

59%

Markets

Mature Markets,

41%

Emerging Markets,

59%

Base: All Respondents (N=944)

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Respondents By Region

Base: All Respondents (N=944)

Mature Markets

NorthAmericas,

25%Asia

(Japan & S.Korea),18%

Australia &New

Zealand,15%

WesternEurope,

42%

Emerging Markets

ChineseMainland,

36%

Other Asia(Excl.

Japan & S.Korea),28%

Middle East& Africa,

13%

Central &South

Americas,12%

Central &EasternEurope,

11%

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Over 80% of Buyers Planned to Place / Had Placed Orders During April Mega Fairs

Planning to Place/ Had Placed OrderDuring HKTDC Mega Fairs

Yes, 82%

No, 18%

Planning to Place/ Had Placed OrderDuring HKTDC Mega Fairs

Yes, 82%

No, 18%

Base: All Respondents (N=944)

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Nearly 70% of Buyers Had Either Increased or Maintained Their Order Value When Comparing to 2008

Changing of Order Value When Comparing to 2008

Increased, 21%

Same, 47%

Decreased, 32%

Changing of Order Value When Comparing to 2008

Increased, 21%

Same, 47%

Decreased, 32%

Base: All Respondents (N=944)

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A Higher Percentage of Emerging Market Buyers Intended to Increase Orders

Changing of Order Value When Comparing to 2008

24%

17%

46%

49%

30%

35%

0% 20% 40% 60% 80% 100%

Emerging Markets(N=555)

Mature Markets(N=389)

Increased Same Decreased

Base: All Respondents (N=944)

Changing of Order Value When Comparing to 2008

24%

17%

46%

49%

30%

35%

0% 20% 40% 60% 80% 100%

Emerging Markets(N=555)

Mature Markets(N=389)

Increased Same Decreased

Base: All Respondents (N=944)

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83 % of Buyers Would Order More Value-for-money

Products Under Current Economic Situation

The Impacts of the Current Finacial Situation on Buyers' Sourcing Pattern

50%

56%

75%

83%

60%

62%

0% 20% 40% 60% 80% 100%

Shorten number of daysspent at each fair

Send less buyers to overseastrade fairs

Place smaller orders

Make more frequent orders

More selective in attendingoverseas trade fairs

Order more value-for-moneyproducts

Base: All Respondents (N=944)

The Impacts of the Current Finacial Situation on Buyers' Sourcing Pattern

50%

56%

75%

83%

60%

62%

0% 20% 40% 60% 80% 100%

Shorten number of daysspent at each fair

Send less buyers to overseastrade fairs

Place smaller orders

Make more frequent orders

More selective in attendingoverseas trade fairs

Order more value-for-moneyproducts

Base: All Respondents (N=944)

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Over 80% of Buyers Agreed that Visiting Trade Fairs Still Remained as an Effective Channel to Find High Quality Suppliers Under Current Economic Situation

Visiting Trade FairAs an Effective Channel

To Find High Quality Suppliers

Agreed ,84%

Disagreed,16%

Base: All Respondents (N=944)

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Nearly 70% of Buyers Considered Trade Fairs in HK

Best Venues to Source Value-for-money Products The Best Venue to Source Quality and

Value-for-money ProductsTrade fairs inHong Kong,

68%

Trade fairs inthe Chinese

mainland, 23%

Trade fairs inAsia (other than

HK & themainland), 6%

Other tradefairs, 3%

The Best Venue to Source Quality andValue-for-money Products

Trade fairs inHong Kong,

68%

Trade fairs inthe Chinese

mainland, 23%

Trade fairs inAsia (other than

HK & themainland), 6%

Other tradefairs, 3%

Base: All Respondents (N=944)

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Electronic Fair – HKTDC Fairs Were Considered As “Must Attend” Fairs by Buyers

"Must Attend" Fairs for Electronics Fair Buyers

2%

94%

0% 20% 40% 60% 80% 100%

Other Fairs

HKTDC Electronics Fairs

Base: Electronics Fair Buyers (N=317)

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Houseware Fair – HKTDC Fairs Were Considered As “Must Attend” Fairs by Buyers

"Must Attend" Fairs for Houseware Fair Buyers

18%

91%

0% 20% 40% 60% 80% 100%

Other Fairs

HKTDC Fairs

Base: Houseware Fair Buyers (N=316)

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Gift & Premium Fair – HKTDC Fairs Were Considered As “Must Attend” Fairs by Buyers

"Must Attend" Fairs for Gift & Premium Fair Buyers

14%

96%

0% 20% 40% 60% 80% 100%

Other Fairs

HKTDC Fairs

Base: Gift & Premium Fair Buyers (N=311)

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Over 99% of Buyers Were Satisfied with HKTDC April Mega Fairs

Overall Satisfaction Levelof the Fair

Dissatisfied,0.4%

Satisfied,47.4%

Very satisfied,52.2%

Base: All Respondents (N=944)

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Nearly 70% of Buyers Believed Current Economic Crisis Would Begin to Subside Within 18 Months

When The Current Global Economic Crisis Will Begin to Subside

More than 24 months from

now, 7%

Within 24 months,

25%

Within 18 months,

40%

Within this year, 28%

When The Current Global Economic Crisis Will Begin to Subside

More than 24 months from

now, 7%

Within 24 months,

25%

Within 18 months,

40%

Within this year, 28%

Base: All Respondents (N=627)

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Over 60% of Buyers Would Increase or Maintain Their Sourcing Activities from / through HK Under Current Market Situation

How Has the Current Economic Crisis Affected Buyers' Sourcing Activities from/ through HK

Decrease ordering

frequency/quantities,

40%

No Change, 54%

Increase ordering

frequency/quantities,

8%

How Has the Current Economic Crisis Affected Buyers' Sourcing Activities from/ through HK

Decrease ordering

frequency/quantities,

40%

No Change, 54%

Increase ordering

frequency/quantities,

8%

Base: All Respondents (N=627)

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96% of Buyers Would Increase or Maintain Their Sourcing Pattern with / through HK Once the Crisis Subsides

Will Buyers Maintain Their Sourcing Patternwith/ through HK Once the Crisis Subsides

No Change,50%

Decreaseordering

frequency/quantities,

4%

Increaseordering

frequency/quantities,

46%

Base: All Respondents (N=627)

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Key Findings Exhibitors

Key Findings Exhibitors

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Nearly 50% of Exhibitors Had Received Order(s) from New Customer(s) During HKTDC Mega Fairs

Had Received Sales Order(s) from New Customer(s)During HKTDC Mega Fairs

No, 51%

Yes, 49%

Had Received Sales Order(s) from New Customer(s)During HKTDC Mega Fairs

No, 51%

Yes, 49%

Base: All Exhibitors (N=882)

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62% of Exhibitors Believed Current Economic Crisis Would Begin to Subside Within 18 Months

When The Current Global Economic CrisisWill Begin to Subside

Nocomment,

2%

Within thisyear, 22%

Within 18months,

40%

Within 24months,

20%

More than24 monthsfrom now,

16%

Base: All Exhibitors (N=938)

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Nearly 80% of Exhibitors Would Increase or Maintain Their Focus on China & Asia Markets Under Current Market Situation

How Has the Current Economic Crisis AffectedExhibitors' Focus on the China & Asia Markets

Nocomment,

3%

Decreasefocus,18%

Nochange,

40%

Increasefocus,39%

Base: All Exhibitors (N=938)

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82% of Local Exhibitors Also Indicated that They Would Place More Focus on China & Asia marketsUnder Current Market Situation

How Has the Current Economic Crisis AffectedLocal Exhibitors' Focus on the China & Asia Markets

Nocomment,

2%

Decreasefocus, 17%

No change,39%

Increasefocus, 42%

Base: Local Exhibitors (N=454)

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ConclusionConclusion

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Conclusion (Buyers)

It’s apparent that the current financial situation had less impacts on the buyers from the emerging markets.

Visiting trade fairs still remained as an effective channel for locating quality suppliers under the current economic situation.

HK trade fairs were regarded as the best venues to source quality and value-for-money products.

HKTDC Fairs were considered as “must attend” trade fairs.

Over 99% of participants were satisfied with the April Mega Fairs.

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Conclusion (Buyers)

68% of buyers believed that the current global economic crisis would begin to subside within 18 months.

Over 60% of buyers would increase or maintain their sourcing activities from / through HK under current economic crisis.

96% of buyers would increase or maintain their sourcing pattern with / through HK once the crisis subsides.

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Conclusion (Exhibitors)

Nearly 50% of exhibitors had received order(s) from new customer(s) during HKTDC Mega Fairs.

Over 60% of exhibitors believed that the current global economic crisis would begin to subside within 18 months.

79% of exhibitors would increase or maintain their focus on the China & Asia markets under the current economic crisis.

82% of local exhibitors also indicated that they would place more focus on China & Asia markets under the current economic crisis.

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End

Thank You!

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