Watch Magazine Watches Magazine. Since 2010
  • Home
  • Magazine
  • Brands
  • Fitness Watches
  • Ambassadors
  • SIHH 2017
  • Baselworld 2017
  • Movements
  • Dictionary
  Add to Bookmarks
Home » Magazine » China Is the Place to Be – Cautious Optimism Marks the Anniversary Edition of the Hong Kong Watch & Clock Fair

RECOMMENDED EBAY STORES

  •  
    300 Watches
     
  •  
    Authentic Watches
     
  •  
    Timezone123 Wholesale Watches
     
  •  
    The Watchery on eBay
     

BRANDS

China Is the Place to Be – Cautious Optimism Marks the Anniversary Edition of the Hong Kong Watch & Clock Fair

Tweet
Written by Boris Ivkovic on September 18, 2011 in Magazine, News & Events - No comments

As the records show, about 17,000 trade buyers visited recently closed 30th anniversary edition of Hong Kong Watch & Clock Fair. It is also noted that there were 12 percent more visitors from rapidly developing nations, mostly from the Middle East, Southeast Asia, India and the Chinese mainland.

Hong Kong Watch & Clock Fair

Hong Kong Watch & Clock Fair

To secure better insight in market trends, Hong Kong Trade Development Council which organized the event ordered an independent survey. For this purpose, researchers interviewed 408 exhibitors, as well as 705 buyers. The results show that cautious optimism is the prevailing opinion about the market in the next year, with the highest hopes set for the Chinese market. Besides, the interviews of exhibitors show that approximately four fifths of them either received orders, or they are at least negotiating orders during the “Baselword of the East”.

Ashley Ng, Brand Coordinator of the Chinese Timekeeper

Ashley Ng, Brand Coordinator of the Chinese Timekeeper

It is also important to underline that about two thirds of the fair exhibitors have already organized sales in the Chinese mainland, or they are making preparations to start selling products there in the next three years. Those that have already started selling in the highest populated nation in the world, expect that the sales volume will be increased in the upcoming year.

Gary Lau, Brand Manager of Free Town Watch Products Ltd, one of the fair’s exhibitor

Gary Lau, Brand Manager of Free Town Watch Products Ltd, one of the fair’s exhibitor

When speaking of their biggest concerns, the watch manufacturers underlined higher production costs on the Chinese mainland, and about one third of them expect higher prices of the watches for that reason.

Prognosis is Black, but Only for Preferred Color

Buyers generally agree on the assessment that China is the market that will grow most. Other promising markets are Southeast Asia and India. Quite interestingly, most buyers predict that black will be the most desired color for both straps and dials.

Jeff Freedman, a buyer from the United States

Jeff Freedman, a buyer from the United States

The survey showed that almost half of the manufacturers acquire a part for their products from Japan. However, one third of them have admitted that they started looking elsewhere after the catastrophic Japanese earthquake that occurred earlier this year.

Benjamin Chau, the Deputy Executive Director of the organization that made this fair, expressed his satisfaction with the latest edition of the biggest watch fair on Earth. According to his opinion, the survey proves that both exhibitors and buyers use this event in order to connect with buyers and suppliers. “The Hong Kong Watch and Clock Fair will continue to play an important role for companies that want to establish their business network,” concluded mister Chau.

Jeff Lam, Manager of Prince Jewellery & Watch Company

Jeff Lam, Manager of Prince Jewellery & Watch Company

Tweet
Written by Boris Ivkovic on September 18, 2011 in Magazine, News & Events - No comments
>

Leave a Comment

Click here to cancel reply.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

PROMOTE US ON

Pin It
Recommend on Google
Follow @watchalyzer

SUBSCRIBE TO WATCHALYZER

LATEST COMMENTS

  • Sector Expander Outdoor Series Watch
    comment_date_gmt); ?>
    January, 1970
    "Does anybody knows how can I make the screensaver not to app..." Read more
  • Seiko Premier Kinetic Day Date Watch SRN037
    comment_date_gmt); ?>
    January, 1970
    "I never have seiko premier kinetic direct drive watch, It is..." Read more
  • Seiko Ananta Automatic Chronograph Watch
    comment_date_gmt); ?>
    January, 1970
    "I have tissot automatic seastar-swiss made , and the tag heu..." Read more
  • Seiko Ananta Automatic Chronograph Watch
    comment_date_gmt); ?>
    January, 1970
    "what japan made, japan it is for a long period of time, seik..." Read more

LEARN ABOUT WATCHES

Watchalyzer

  • Home
  • Magazine
  • Brands
  • About us
  • Contact
Watch Magazine

© This article is Copyright (c) 2011 Watchalyzer. All Rights Reserved.
Do not copy anything without prior written permission.
Please read Privacy Policy and Terms and Conditions
Top Watch Sites