HONG KONG, April 21 (Xinhua by Yuan Yuan ) -- Asia has become an emerging market for both
producers and buyers of housewares due to the region's fast economic
development, said organizers of the Hong Kong Houseware Fair which opened on
Higher number of participators to this year's exhibition has reflected the
worldwide healthy development of the housewares sector, Jeffrey Lam, chairman of
the Fair Organizing Committee, told a press conference on Friday.
This year, the Hong Kong event has seen a 6-percent growth in number of
exhibitors to 2,302 houseware product sellers from 36 economies, the highest
number of exhibitors in the event's 21 years' history.
Besides the traditional high number of exhibitors from China's mainland,
Hong Kong and Taiwan, this year's event has seen rising attendance of new
sellers from Asia, said Lam.
Taking Turkey as an example, Lam said that exhibitors from the country
first took part in the fair in last year, but this year the number of Turkish
exhibitors is 10 percent more.
Vietnam is another country that has a rocketing number of exhibitors to
showcase their household goods at the four-day Hong Kong Houseware Fair, the
largest exhibition of its kind in Asia and the third largest in the world in
term of the scale.
"There were only seven exhibitors from Vietnam last year, but this year we
have more than 40 of them," said Lam.
The exhibitors' active participation of the event reflected a worldwide
healthy development of this sector, said Lam, citing Hong Kong's exports of
houseware products as proof.
"Even after a surge of 12 percent in exports of household goods in 2004, our
industry was able to maintain the momentum in 2005," said Lam.
In 2005, Hong Kong exported a total of 21.97 billion U.S. dollars worth of houseware
products to the world, with the United States, China's mainland, Japan,
Germany and the United Kingdom as the top market.
On the other hand, an emerging market for houseware products consumption
has also appeared in Asia due to the region's sound economic development, said
Benjamin Chau, assistant executive director of Hong Kong Trade Development
Last year, Hong Kong's household goods exports to Thailand has grown by 14
percent over the previous year, while the market in Japan recovered with an
increase of 8 percent, said Lam.
Asia's increasing consumption of housewares would provide producers with a
lot of opportunity and help them shun the fierce competition on European market,
Chau told Xinhua.
He noted that many local houseware producers tended to ignore orders from the
new Asian market, for many of which purchasing too little compared to the
It could be a bad practice, warned Chau. With Asia's economy taking off,
it's worthwhile for the producers to have an early appearance to tap the market
potential in the long run, he said. Enditem