2016 1-Overview of Hong Kong's lighting industry in June

by:ALLTOP      2020-01-22
Hong Kong exports a wide variety of lighting products, including table lamps, bedside lamps, floor lamps and portable lamps. Other major products include wall lamps and ceiling lamps, chandeliers, lighting equipment and decorative lamps, such as complete sets of lighting and lampshades for Christmas trees. In the first half of 2016, Hong Kong's total exports of lighting products fell by 12. During the period, although Hong Kong's exports to the United States rose, exports to the EU fell. Industry characteristics, Hong Kong lighting industry exports a variety of lighting products, generally used for residential decoration and home lighting. Major export categories include portable lamps operated by batteries, such as flashlights, lanterns, portable incandescent lamps, and LED lamps for outdoor, sports and/or diving. In addition, there are also many companies operating desk lamps, desk lamps, bedside lamps and floor lamps. Other export categories include wall lamps and ceiling lamps, chandeliers, lighting equipment and decorative lamps, such as complete sets of lighting and lampshades for Christmas trees. The materials used to manufacture lamp shells and lampshades include plastic, die-casting metal, crystal, glass, ceramics and polished copper. Some companies also produce neon lights, light signs and lights for advertising or interior decoration. Most lighting product manufacturers in Hong Kong have moved their factories to mainland China. The Hong Kong office is mainly responsible for product development, market promotion and logistics support. They usually do the process of product design, plastic injection molding, vacuum coating, porcelain glaze coating and inlay. In view of the rapid changes in the market and the continuous advancement of technology, Hong Kong companies have focused on responding quickly to provide efficient services to customers. Many Hong Kong businessmen have further strengthened their quality assurance and environmental management systems to obtain ISO 9000 certification and ISO 14000 certification, which are internationally recognized quality management system standards and environmental management system standards respectively. Hong Kong's lighting products export performance in the first half of 2016, Hong Kong's total lighting products exports fell by 12. Exports of major products, including electric lamps and lighting equipment, discharge lamps and battery-operated portable lamps, all showed a decline. The EU and the United States are both in the big market, and the products exported to the two places account for about half of the total exports of lighting products in Hong Kong. In the first half of 2016, although Hong Kong's exports to the United States rose, its exports to the European Union were eclipsed. Distribution channels, Hong Kong's lighting manufacturers are mostly for overseas importers and distributors, including well-known brands in Europe and the United States. Due to the increasingly fierce competition, ODM's pace of expansion has surpassed OEM and has become the main business of Hong Kong lighting companies. A few manufacturers and traders also promote lighting products of their own brands or trademarks. The Hong Kong Lighting Company also directly sells products to large importers and regional distributors of overseas hardware and groceries. Some companies also trade with overseas buyers' Hong Kong procurement offices. Some larger Hong Kong companies sell their products more directly to large retailers in North America and Europe, such as hypermarkets, supermarkets and chain stores, as well as some purchasing groups or cooperatives composed of smaller retailers, to reduce distribution levels and related costs. In recent years, overseas importers and distributors tend to place small orders more frequently and require delivery of goods in a relatively short period of time to reduce inventory. Some Hong Kong companies have thus reorganized their procurement and production management systems to shorten the manufacturing cycle and save costs to meet market demand. Some large-scale trade exhibitions provide opportunities for Hong Kong businessmen to promote their products, such as the International Home and household appliances exhibition held in Chicago ( International Home and Housewares Show)Cologne international hardware exhibition ( Cologne International Hardware Fair) And Japan DIY household goods shopping center exhibition ( Japan DIY Homecentre Show). The Hong Kong International Lighting show organized by the Hong Kong Trade Development Council is another important event for Hong Kong businessmen to showcase their products to overseas buyers.
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