Hong Kong Watch & Clock Honest, Salon de TIME conclude efficiently

HONG KONG, Sept 8, 2024 – (ACN Newswire) – The bodily exhibitions of the forty third HKTDC Hong Kong Watch & Clock Honest and twelfth Salon de TIME, organised by the Hong Kong Commerce Improvement Council (HKTDC), Hong Kong Watch Producers Affiliation Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd, efficiently concluded yesterday.

Regardless of the festivals closing quickly because of storm Yagi, companies have been nonetheless capable of seize extra alternatives because the organisers prolonged the opening hours for 3 of the 5 honest days. Patrons and exhibitors have been additionally proactively inspired to make use of the EXHIBITION+ hybrid mannequin for enterprise alternate.

The bodily exhibitions attracted some 17,000 patrons from 106 nations and areas. International patrons from exterior Hong Kong primarily got here from Mainland China, Taiwan, India, Indonesia, Japan, Malaysia, the Philippines, Singapore and Thailand, highlighting Hong Kong’s significance as a watch buying and selling centre. The EXHIBITION+ hybrid mannequin will allow exhibitors and patrons to take pleasure in prolonged enterprise discussions till 14 September.

Salon de TIME and CENTRESTAGE, HKTDC’s concurrent vogue occasion, have been additionally totally open to the general public for the primary time. The general public rely for the occasions exceeded 15,000 visits. Watch and vogue lovers have been capable of admire the head in craftsmanship and design and buy their favorite gadgets.

HKTDC Deputy Govt Director Sophia Chong stated: “The Hong Kong Watch & Clock Honest and Salon de TIME introduced collectively over 700 exhibitors from 15 nations and areas. Along with welcoming worldwide patrons, this yr’s Salon de TIME was totally open to the general public for the primary time, offering a one-stop sourcing platform and creating new enterprise alternatives. Exhibitors have been capable of study buyer preferences instantly, which can assist strengthen product design and analysis and growth, enhancing competitiveness sooner or later.”

Ms Chong added: “An thrilling line-up of mega occasions will captivate guests this autumn. The Hong Kong Electronics Honest (Autumn Version) and the concurrent electronicAsia might be held on 13-16 October, adopted by the Hong Kong Worldwide Lighting Honest (Autumn Version) on 27-30 October. The Worldwide Out of doors and Tech Gentle Expo might be held from 29 October to 1 November. These festivals might be held beneath the EXHIBITION+ hybrid mannequin, serving to companies seize new alternatives.”

Survey uncovers promise in ASEAN and the Center East

To gauge watch and clock business developments for subsequent yr, the HKTDC performed an on-site survey, interviewing some 900 exhibitors and patrons available on the market outlook and product developments.

The survey discovered that 42% of respondents anticipate total gross sales to develop over the following 12-24 months, whereas 47% anticipate gross sales to stay unchanged. Japan, Taiwan, Australia & Pacific Islands, and South Korea have been seen as providing the very best development prospects over subsequent two years amongst conventional markets, whereas ASEAN, the Center East and India have been seen as providing essentially the most promising development prospects over the following two years amongst rising markets.

By way of product developments, 40% of respondents anticipated smartwatches to proceed as the most well-liked watch class. Different respondents pointed to quartz analogue watches, cited as the most well-liked watch class by 17%, mechanical watches, cited by 15%, and digital watches, cited by 14%. When requested about watches with the very best development potential, 46% of respondents cited smartwatches, 37% stated vogue watches and 19% stated leisure watches.

Inexperienced Options Suppliers label debuts this yr

In recent times, extra watch producers have been utilizing sustainable supplies to make watches and watch straps. Amid the sustainability pattern, the 2 festivals launched Inexperienced Options Suppliers label this yr to make sourcing simpler for patrons. These labels have been utilized by 30 exhibitors.

Amy Chow, Vice President of Hong Kong exhibitor Gordon C & Co Ltd, stated: “The Inexperienced Options Suppliers label helped entice patrons to our sales space. Patrons from the Center East and Southeast Asia have been very excited about our eco-friendly watches. The enterprise ambiance is nice this yr. We anticipate that new orders at this yr’s exhibition will enhance by 10-20% in comparison with final yr. About 10-15% of latest orders might be for environmentally pleasant watches.”

Armoura Designs Ltd, an Irish jewelry and watch firm, has been utilizing the hktdc.com Sourcing platform to seek out suppliers. Mr Stuart McGrath, the corporate’s Managing Director is impressed with the platform and has related with varied high quality suppliers via it. He stated: “That is my first time visiting the Hong Kong Watch & Clock Honest in particular person. I’ve discovered 5 watch suppliers for OEM tasks and have additionally procured a inexperienced packaging answer from an exhibitor. The full worth of those enterprise offers is round US$110,000 (~HK$858,000). The EXHIBITION+ mannequin permits me to supply on-line and offline for extra alternatives.”

Ethos Restricted is a retail chain for deluxe watches in India. Mohammad Sajjad, the corporate’s Assistant Vice President, visited the festivals to search for new manufacturers. He stated, “I’ve ordered sapphire watches and sapphire watch circumstances, stainless-steel watches and automated well being indicator watches from three Hong Kong exhibitors. The order quantity was round US$1.2 million (~HK$9.4 million). This time, I additionally used the Scan2Match perform. It’s a helpful and resourceful device. It helps file particulars of exhibitors of curiosity in a digital, eco-friendly method.ï¼‚

Ilona Remesova, Prime’s Buying Supervisor, a purchaser from Czechia, stated that she continued to contact exhibitors throughout the festivals’ momentary closure via HKTDC’s Click2Match good enterprise matching platform at her lodge and efficiently organized on-line conferences. She additionally returned to the venue when the exhibition reopened and continued the dialog with the exhibitors she contacted on-line earlier than.

Picture obtain: https://bit.ly/3zajKvp

The forty third HKTDC Hong Kong Watch & Clock Honest and twelfth Salon de TIME drew to a profitable shut yesterday, attracting some 17,000 patrons from 106 nations and areas.

The World Model Piazza showcased 10 top-tier watch manufacturers, charming guests.

Salon de TIME was totally open to the general public for the primary time this yr.

The 2 festivals featured pavilions from Guangdong, Guangzhou and Taiwan, in addition to South Korea (above), which returned after the pandemic.

Swiss Impartial Watchmaking Pavilion (SIWP), Francéclat and Worldwide Luxurious Group (above) returned this yr, presenting extra worldwide manufacturers.

Throughout the watch festivals, the Hong Kong Tourism Board organized a sightseeing tram tour on 3 September and a Wing Chun expertise on 4 September, enhancing the expertise for exhibition guests.

The Hong Kong Worldwide Watch Discussion board (above) and Asian Watch Convention invited varied specialists to debate business prospects, design developments and growth methods.

The forty first HK Watch & Clock Design Competitors featured an Open Group and a Scholar Group. Artist Benjamin Yuen served as a visitor decide and attended the awards ceremony.

An array of thrilling actions came about throughout the festivals, together with watch parades (above), a watch engraving demonstration and Sensible Bidding. Fabulous prizes have been additionally given out throughout fortunate attracts.

Media enquiriesPlease contact the HKTDC’s Communications & Public Affairs Division:

Web sitesHong Kong Watch & Clock Honest: hkwatchfair.hktdc.com
Salon de TIME: hkwatchfair.hktdc.com/te

About HKTDC

The Hong Kong Commerce Improvement Council (HKTDC) is a statutory physique established in 1966 to advertise, help and develop Hong Kong’s commerce. With 50 places of work globally, together with 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way world funding and enterprise hub. The HKTDC organises worldwide exhibitions, conferences and enterprise missions to create enterprise alternatives for corporations, notably small and medium-sized enterprises (SMEs), within the mainland and worldwide markets. The HKTDC additionally offers up-to-date market insights and product info through analysis experiences and digital information channels. For extra info, please go to: www.hktdc.com/aboutus.

Matter: Press launch abstract

Supply: HKTDC

Sectors: Commerce Exhibits, Watches & Jewellery

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