An overview of the lighting industry in Hongkong: "self assembling" market booming

Survey

Lighting products, Hongkong export variety, including table lamp, bedside lamp, floor lamp and portable lamp. Other main products are wall lamp and ceiling lamp, ceiling lamp, lighting equipment and decorative lamps, such as Christmas tree with complete sets of lamps, lampshades, etc..

In the first half of 2016, Hongkong's total exports of lighting products fell by 12%. During the period, while Hong Kong exports to the United States increased, but exports to the EU is pale.

Industry characteristics

Hongkong lighting industry exports a variety of lighting products, generally used for residential decoration and home lighting. The largest export categories including portable battery operated lamps, such as flashlights, portable incandescent lamp, lantern, and outdoor sports, and / or diving with LED lights.

In addition, there are many companies operating table lamp, desk lamp, bedside lamp and floor lamp business. Other export categories include wall lamp and ceiling lamp, ceiling lamp, lighting equipment and decorative lamps, such as Christmas tree with complete sets of lamps, lampshades, etc.. The lamp shade and manufacturing material is plastic, die-casting, metal, glass, ceramic and polished crystal copper etc.. Some companies also produce neon lights, light signs and light brands for advertising or interior decoration.

Most lighting manufacturers in Hongkong have moved their factories to the mainland of China. The Hongkong office is responsible for product development, marketing and logistics support. They usually do product design, plastic injection molding, vacuum coating, enamel coating and assembly process.

In view of the rapid changes in the market and the continuous improvement of technology, Hongkong companies are focusing on the rapid response, in order to provide customers with efficient service. Many Hong Kong businessmen have further strengthened the quality assurance and environmental management system, access to ISO9000 certification and ISO14000 certification, which is the internationally recognized quality management system standards and environmental management system standards.

Hongkong lighting products export performance

In the first half of 2016, Hongkong's total exports of lighting products fell by 12%. The main products, including lighting and lighting equipment, discharge lamp and battery operated portable lamps and other exports are down.

The European Union and the United States are among the largest in the world, with a total of about half of Hongkong's total exports of lighting products. In the first half of 2016, while Hong Kong exports to the United States increased, but exports to the EU is pale.

distribution channel

Hongkong lighting manufacturers are mostly for overseas importers and distributors of production, including Europe, the United States well-known brands. Due to the increasingly fierce competition, ODM has expanded beyond the pace of OEM, Hongkong lighting company's main business. A small number of manufacturers and traders also promote their own brand or trademark lighting products.

Hongkong lighting company is also a direct sales of products to overseas hardware appliances and daily groceries large importers and regional distributors. Some companies also deal with overseas buyers in Hongkong. Some big companies in Hongkong more direct sales of products to large retailers in North America and Europe, such as hypermarkets, supermarkets and chain stores, and some are composed of small retailers purchasing groups or cooperatives, in order to reduce the level of distribution and related costs.

In recent years, overseas importers and distributors tend to issue small quantities of orders more frequently, and require the delivery of goods in a relatively short period of time, in order to reduce inventory. Part of the company in Hongkong, the reorganization of its procurement and production management system, in order to shorten the manufacturing cycle and cost savings to meet market demand.

Some of the large trade fair for Hong Kong businessmen to provide an opportunity to promote their products, for example, at the Chicago International Exhibition of household appliances and Home Furnishing (International Home and House wares Show), Cologne International Hardware Exhibition (Cologne International Hardware Fair DIY) and Japanese household goods shopping center exhibition (Japan DIY Home Centre Show). Hongkong International Trade Fair held by the Hongkong Trade Development Council is another important event for Hong Kong businessmen to show their products to overseas buyers.

CEPA clause

Since the third phase of the mainland and Hongkong Closer Economic Partnership Arrangement (CEPA) was implemented in January 2006, all products originating in Hongkong can be imported into China by zero tariff. In accordance with established procedures, the product has not yet entered into the CEPA rules of origin, the application by the manufacturers in Hongkong, and in line with the agreed CEPA rules of origin, will enjoy zero tariff concessions.

In general, applicable to the products of Hongkong CEPA origin criteria include: (1) tariff changes; (2) the specific manufacturing or processing operation in Hongkong; and (3) comply with the "ad valorem percentage", namely the product FOB (FOB) at least 30%, and the final manufacturing or processing operation is completed in Hongkong. In addition to the cost of raw materials and labor costs, the cost of product development in Hongkong can also be included in the. From April 1, 2012 onwards, if the product in Hongkong, the value-added content of 15% or more, Hongkong manufacturers can be derived from the mainland of raw materials and spare parts costs in the calculation of the percentage of value.

Comply with the technical requirements of overseas markets

Most of Hongkong's companies are able to comply with the relevant technical requirements of overseas markets, including the United States UL/ETL certification or similar product safety regulations, as well as the EU's relevant safety directives and CE regulations. Other similar regulations have Canadian CSA safety standards. As for the products sold in the mainland market, it must conform to the