In 2016, the total exports of Hongkong lighting products fell by 8% year-on-year

In 2016, the total exports of Hongkong lighting products dropped by 8% year-on-year.

Lighting products, Hongkong export variety, including table lamp, bedside lamp, floor lamp and portable lamp. Other main products include wall lamp and ceiling lamp, pendant lamp, lighting equipment and decorative lamps, such as sets of lamps and Lampshades for Christmas trees.

Export performance of Hongkong lighting products

In the first half of 2016, total exports of Hongkong lighting products dropped by 12% year-on-year. Exports of major products, including lighting and lighting equipment, discharge lamps and battery operated portable lamps, all fell.

In 2016, the total exports of Hongkong lighting products dropped by 8% year-on-year. Although Hongkong on U.S. exports of lighting products stable performance, but the EU and other Chinese mainland export market is pale.

Industry characteristic

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 types of export include wall lamp and ceiling lamp, pendant lamp, lighting equipment and decorative lamps, such as Christmas trees with sets of lights, lampshades and so on. The lamp shade and manufacturing material is plastic, die-casting, metal, glass, ceramic and polished crystal copper etc.. Some companies also produce neon, light, signage and lighting brands for advertising or interior decoration.

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

In light of the rapidly changing market and technological advances, the Hongkong company has focused on rapid response to provide efficient services to its customers. Many Hong Kong businessmen have further strengthened the quality assurance and environmental management system, access to ISO 9000 certification and ISO 14000 certification, respectively, internationally recognized quality management system standards and environmental management system standards.

distribution channel

Hongkong lighting manufacturers are mostly for overseas importers and distributors of production, including Europe and the United States well-known brands. As the competition is becoming increasingly fierce, ODM has expanded beyond OEM to become the main business of Hongkong lighting company. A small number of manufacturers and traders also sell their own brands or trademarks of lighting products.

The Hongkong lighting company also sells direct products to large importers and regional distributors of hardware and household goods overseas. Some companies also trade with Hongkong buyers' offices in overseas buyers. 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 smaller orders frequently and require delivery of goods in a relatively short period of time to reduce their inventories. Some Hongkong companies have therefore restructured their procurement and production management systems to shorten manufacturing cycles and cost savings to meet market demand.

Some major trade fairs offer good opportunities for Hong Kong businessmen to promote their products, such as the International Home and Housewares Show in Chicago. The Hongkong International Lighting Fair, organised by the Hongkong Trade Development Council, is another important activity for Hong Kong businessmen to showcase products to overseas buyers.

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