3 July 2007
Bigger And Better(HKTDC Enterprise, Vol 07,2007)
Hong Kong Auto Parts/ Printing & Packaging Fairs
Two new fairs illustrate Hong Kong's expanding role as an international exhibition and sourcing centre
A significant boost in the number of exhibitors and visitors has graphically illustrated the growing popularity of two of Hong Kong's newest trade shows.
The Hong Kong International Auto Parts and the Hong Kong International Printing and Packaging Fairs were staged concurrently at AsiaWorld-Expo from April 28 - May 1 this year.
The second Auto Parts Fair attracted 263 exhibitors from 15 countries and regions, up 4% over last year, while the Printing and Packaging Fair featured 346 exhibitors from seven countries and regions - up 16% over the previous year.
Visitor numbers also grew accordingly, leaping 50.33% to 6,523 for the Auto Parts Fair and climbing 20.42% to 10,900 for the Printing and Packaging Fair.
Their success reflects the promising outlook for Hong Kong's auto parts and printing and packaging industries, said Federation of Hong Kong Industries' honorary president and Hong Kong Trade Development Council (TDC) member Andrew Leung, who noted the continuing growth of the Chinese mainland economy.
"Last year, the mainland surged past Japan to become the world's number-two vehicle market after the US," Leung observed. "Its automobile output accounts for about 8% of the world total."
Close proximity to the mainland and the implementation of the Closer Economic Partnership Arrangement that gives the city tariff-free access to China means Hong Kong is in a prime position to capture the mainland's booming auto parts industry.
"Exports in this relatively new industry reached US$1.56bn last year and the mainland, our largest market, took one-quarter of that total," noted TDC executive director Fred Lam.
Hong Kong's exports of auto parts and accessories to the mainland grew 18% over the previous year to US$362m in 2006 and look set to grow steadily in future.
The same rationale holds true for printing, which is a more mature industry and Hong Kong's largest manufacturing sector in terms of companies.
"Hong Kong is one of the world's largest printing centres, along with the US, Germany and Japan," added Lam, attributing Hong Kong's success to the industry's reputation for quality products, flexibility and efficiency.
Hong Kong's exports of printing and packaging materials reached US$5.48bn in 2006, a 7% increase over the previous year.
"The Beijing Olympics, which should boost the tourism and gift and premium industries, should, in turn, help the auto parts and printing and packaging industries," said Leung.
The TDC organised 45 buying missions, including more than 800 companies and 1,100 VIPs, for the Auto Parts Fair, along with 48 buying missions and more than 1,500 companies and 2,000 VIPs for the Printing and Packaging Fair.
The Auto Parts Fair featured group pavilions hosted by Taiwan and three major automobile centres in the Chinese mainland - the city of Changchun, and the provinces of Fujian and Zhejiang.
Riding on last year's success, the Techno Zone presented the latest technological developments and was joined by two new areas - the Motorcycle Zone and the Accessories and Specialty Equipment Zone.
Running concurrently with the Auto Parts Fair, the Printing and Packaging Fair spotlighted four new theme zones:
- the Digital Printing and Office Automation Equipment Pavilion
- the Integrated Pre-press Service Square
- the Sign and Display Pavilion
- the Used Machinery Square
Topical industry information and new business ideas were presented in a series of conferences, seminars and open forum sessions, ranging from green manufacturing to the latest market trends and developments.
The 2007 International Conference for the Asia-Pacific Automotive Industry, a two-day event covering a variety of industry topics, was also held during the Auto Parts Fair.