The 38th HKTDC Hong Kong Watch & Clock Fair opened today and will end on 7 September at the Hong Kong Convention and Exhibition Center (HKCEC). The world’s largest event of its kind, this year’s fair will feature some 830 exhibitors from 22 countries and regions, with Qatar offerings and Indonesian-branded products being showcased for the first time. The seventh Salon de TE runs concurrently with the Watch & Clock Fair and features a wide range of quality timepieces.
“The watch and clock industry has risen to the challenges resulting from the ongoing Sino-US trade dispute and the slowdown in the global economy,” said HKTDC Deputy Executive Director Benjamin Chau. “For example, manufacturers have broadened their scope, launching watches with traditional sensibilities and excellent craftsmanship, increasing the attractiveness of their brands through crossover collaborations, and developing smart watches that employ the latest technologies and capabilities to ride the fast-growing trend for wearable technologies.”
Mr. Chau added that Hong Kong remains the world’s major exporters of watches and clocks, with total exports reaching HK$66.3 billion in 2018, up 1.7% over the previous year. “We have been seeing significant growth in business out of key emerging markets including the Philippines (+56.9%), Indonesia (+26.3%) and Thailand (+20%),” he said.
The annual watch and clock fair is organized by the Hong Kong Trade Development Council (HKTDC), the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd.