{"id":19678,"date":"2023-08-03T11:13:23","date_gmt":"2023-08-03T03:13:23","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=19678"},"modified":"2025-09-30T16:26:11","modified_gmt":"2025-09-30T08:26:11","slug":"lifestyle-survey","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/markets\/buyer-surveys\/lifestyle-survey\/","title":{"rendered":"The Future Is Green: Lifestyle Product Trends and Sourcing Behaviour at HKTDC Lifestyle Fairs"},"content":{"rendered":"\t\t
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HKTDC Lifestyle fairs<\/em> were held concurrently from 19-22 April. A total of 545 trade buyers were interviewed to gauge their feedback on business development, understand their sourcing needs, and explore product trends.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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General Findings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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1. Sourcing New Products and Identifying New Suppliers are the Main Objectives of Trade Fair Buyers<\/h3>

According to the survey, most buyers visit the trade fairs to source new products (82%), followed by identifying new suppliers (70%).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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2.\u00a0Buyers Express Optimism for Business Prospects in the Short and Medium Term<\/h3>

The majority of buyers anticipate an increase in overall sales. Specifically, 52% of buyers expect sales to increase in the short term, while 72% anticipate an increase in the medium term. These figures indicate that many buyers are feeling optimistic about the future of their business in both the short and medium terms.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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3.\u00a0Buyers Hesitant to Raise Retail Prices Despite Higher Sourcing Costs<\/h3>

Around 60% of buyers expressed that sourcing costs have increased compared to last year. However, less than 50% said they have increased their retail price to the end consumer. Buyers and retailers tend to be conservative in raising retail prices, and they have to absorb some of the increased cost of sourcing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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4.\u00a0Increasing Product Variety and Engaging more Suppliers<\/h3>

Close to two-third of buyers shared that they have sourced more product variety, and this is in line with 56% of buyers engaging more suppliers. These trends may be due to the increase in sourcing costs, and buyers are trying to mitigate this increase in operating costs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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5.\u00a0Hybrid Sourcing Channels are Preferred Method for Majority of Buyers<\/h3>

Regarding sourcing preference between online and physical channels, the majority of buyers prefer a hybrid approach to sourcing, utilizing both physical exhibitions and online platforms. In fact, nearly 80% of buyers used online channels for sourcing in the last year. This indicates a strong preference for the convenience and accessibility of online channels, while still valuing the benefits of in-person exhibitions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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6.\u00a0Hong Kong and Chinese Mainland are Leading Physical Trade Fair Destinations<\/h3>

According to the survey, Hong Kong and Chinese Mainland are the top physical trade fair destinations for most buyers, counting 86% and 55% respectively. As one of the major international trade hubs, Hong Kong continues to be a popular destination for buyers due to its convenient location, world-class facilities, and reputation for hosting top-quality trade fairs.<\/p>

With its diverse and dynamic trade landscape, Hong Kong and Chinese Mainland remain the top choices for buyers seeking to stay ahead of the curve and tap into new opportunities in the global marketplace.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Upcoming Product Trends<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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7.\u00a0Sustainable and Tech Gifts Show Strong Growth Potential<\/h3>

According to buyers’ predictions, the year 2023 holds promising growth potential for several types of products. Sustainable Gifts<\/strong><\/a>, Tech Gifts<\/strong><\/a>, and\u00a0Advertising Gifts & Premium<\/a><\/strong> are expected to lead the way, with equal ratings of 34%, 34%, and 33%, respectively. These product types are likely to appeal to buyers who are looking for innovative, eco-friendly, and tech-savvy gift options.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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When examining trends in the gift and premium market for 2023, it is clear that certain features are highly sought after by buyers. Two-thirds of buyers rated \u201dGreen<\/strong> and environmentally friendly<\/strong><\/a>\u201d as the top trending feature in gifts and premium market for 2023, followed by \u201cChic<\/strong> and fashionable<\/strong><\/a>\u201d products.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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8.\u00a0Furniture and Household Product Trends for Health, Eco-Friendliness, and Simplicity<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Buyers of the Lifestyle event identified several types of furniture<\/a> and household<\/a> products with growth potential, and they are more optimistic about Health & Wellness<\/a> (24%), Gardening, Camping & Outdoor Products<\/a> (23%), followed by Eco-Friendly<\/a> Products (22%).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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In addition, the most popular product features rated by buyers are Environmental friendly\/Energy-saving<\/a> (37%) and Simple Design<\/a> (32%).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Learn More:<\/p>

Home D\u00e9cor Trends 2023 \u2013 No Place Like Home<\/a><\/p>

Ready to Hit the Market with 10 Necessities for New Families?<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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9.\u00a0Fashion Accessories and Fashion Technology Products Lead the Way<\/h3>

According to buyers, Fashion Accessories<\/a> (56%) have the greatest growth potential among the Fashion segment this year, followed by Fashion Technology<\/a> products (42%).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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When it comes to product element style, Trendy Design<\/a> (60%) is the most popular choice for Fashion items, followed by Simple Design<\/a> (45%) and Green\/Sustainable<\/a> elements (33%). Buyers believe that products with these features are more easily to attract customers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Read On:\u00a0<\/p>

Fashion Forward: Clothing Industry Embraces Technology and Sustainability<\/a><\/p>

10 In-Style Products set to Cheer You Up<\/a><\/p>

Be Eco-Smart! Top Green Textile Products This Season<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The survey conducted during the Hong Kong Gifts & Premium Fair<\/em>, Home InStyle<\/em>, the Hong Kong International Home Textile and Furnishings Fair<\/em>, Fashion InStyle<\/em>, the Hong Kong International Printing & Packaging fair<\/em> as well as the Hong Kong International Licensing Show<\/em> in 2023 showed that buyers are optimistic about the growth potential of various product categories such as Sustainable Gifts, Tech Gifts, and Advertising Gifts. In addition, the trend this year is towards Green and environmental friendly products, chic and fashionable style products, and products with simple designs<\/strong>. Buyers’ sourcing behaviour shows a preference for hybrid sourcing channels<\/strong>, a combination of physical exhibitions and online platforms. Hong Kong and Chinese Mainland are the preferred trade fair destinations to visit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

HKTDC Lifestyle fairs were held concurrently from 19-22 April. A total of 545 trade buyers were interviewed to gauge their feedback on business development, understand … <\/p>\n","protected":false},"author":28,"featured_media":19680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,24,366,374,405,380],"tags":[],"class_list":["post-19678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-surveys","category-events","category-fairs","category-fashion","category-homeware","category-lifestyle"],"yoast_head":"\nThe Future Is Green: Lifestyle Product Trends and Sourcing Behaviour at HKTDC Lifestyle Fairs - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"HKTDC Lifestyle fairs were held concurrently from 19-22 April. 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