Nearly 60% of the buyers interviewed placed more orders in 2005 as compared to 2004. Both the quantity of each order and the average unit price have increased.
Product Trends: Clothing categories with the fastest growth in 2006 are: Leisure casual wear/street wear, followed by evening wear/ party dress, business casual wear and sports wear. Popular colours for Fall/ Winter 2006 (apart from black, white and grey): Leisure casual wear/ street wear: beige, khaki, purple and brown Business wear: beige, khaki, brown and purple Popular materials for Fall/ Winter 2006 Leisure casual wear/ street wear: cotton, denim and knit Business wear: cotton, corduroy, wool, polyester and knit Popular material characteristics for Fall/ Winter 2006 Leisure casual wear/ street wear: softer handfeel, wrinkle-resistant, color-fast and durable
Fifty-eight percent of exhibitors said they actually sold more products to the U.S., Canada, Turkey and European Union in 2005 than 2004. As for 2006, 69% of exhibitors expect to sell more to the same markets than 2005. The average increase is 19%.
Change of sourcing patterns – 77% of buyers selling to the US, Canada, Turkey and European Union said they sourced from other different countries or regions in 2005 than 2004. Among those buyers, 63% said they sourced more from the Asia-Pacific. The Chinese mainland and Hong Kong companies are the most popular suppliers.
Fifty-eight percent of the buyers interviewed increased the number of their orders in 2005. Forty-seven percent of buyers increased the quantity of each order while 38% of buyers increased the average unit price.
Business wear: softer handfeel, wrinkle-resistant, stain resistant, and materials that facilitate special design & cut and water resistant
Forty percent of exhibitors and buyers interviewed are currently selling to the mainland market. Fifty-nine percent of exhibitors and 54% of buyers expect to conduct sales in the mainland in the next three years.
About 60% of respondents think Hong Kong companies in the casual wear/ street wear
category have the highest potential to develop their own brands, followed by the evening wear/ party dress category.
When comparing products at the same price level, more than half of respondents think that Hong Kong brands offer better design than other countries/ regions.
Hong Kong Trade Development Council
marketing@alchempro.com
