The trade approves the variety offered at Hong KongRussian and Korean buyers were the most rewarding at the latest Fur & Fashion Fair
Russian and Korean buyers were the most rewarding at the latest Fur & Fashion Fair
A pretty lively atmosphere at the Hong Kong International Fur & Fashion Fair 2013 that closed on 28 February last, making an excellent impression on the 290 international exhibitors present. During the four days the fair welcomed 7,963 visitors, with an increment of 1.2% compared to attendance of the previous year. A detailed analysis of worldwide attendance shows visitors from Russia, Korea and China in the lead.
Today the greatest buying power is in the hands of Russians and Koreans, with the former focused on elegant fashion models suited to their hard winters and the latter on more versatile and fun options. In view of the current economic situation, buyers from the United States, Europe and Japan are naturally more cautious about purchasing. Furthermore, wholesalers and retailers who formerly gained on quantity are now trying to profit from added values
said Wallace Wong, chairman of the Hong Kong Fur Federation (HKFF)
At the fair there was obviously a lot of discussion about increase in prices of raw material, estimated at 25% to 45%. This is a source of preoccupation for both offer and demand worldwide, so therefore the ability of Hong Kong manufacturers to design innovative pieces, limiting the cost of materials, was much appreciated. In general it is estimated that increase in prices of finished products varies from 5% to 35% compared to a year ago. Then there is also the continuous variation in types of skins. Mink is no longer the ultimate star at fairs. There is a growing accent on mixes and combinations of materials which include fox, sable and chinchilla. One also notes interesting options in rabbit, Swakara and Karakul. As regards colours, the new choices include bright red, blue and purple.
To close, the gala evening was a great success, with a show of 19 Hong Kong companies and the presentation of the “Fur by Hong Kong” collection, result of an initial collaboration between renowned Russian designers and Hong Kong furriers, that turned into an artistic dance performance which was much applauded by the more than 2,000 guests present.