Home / Knowledge / News / Textiles / Cashmere World Fair to start from September 27
Cashmere World Fair to start from September 27
24
May '12
As was announced one month ago the Cashmere World Fair is moving from its original venue in Beijing to the fashion hub of Asia, Hong Kong, and will be held as an integral part of the Fashion Access fair from September 27th – 29th September 2012 at the Hong Kong Convention and Exhibition Center.

This landmark event is excellent news for both exhibitors of cashmere fashion and the fashion buyers from all parts of the globe who visit Fashion Access to source the latest lines in bags, garments, footwear and fashion accessories.

Cashmere garments such as sweaters, shawls, suits and dresses fit hand in glove with the thousands of boutique, department store, wholesalers, agents and distributors passing through Fashion Access in search of the products that will fill their shelves for the coming season.

And the advantage for cashmere garment manufacturers is that Hong Kong is a shoppers' paradise, is the gateway to the booming Asian consumer market and is right next door to China. It is the most important sourcing destination for up market fashion articles of all types which arrive on China's Mainland.

In other words a whole new market is waiting for new western styles and designs made in luxurious cashmere to be available in Hong Kong as the Cashmere World Fair in Hong Kong this fall.

This extract from a report from the World Luxury Association sums up perfectly the opportunities for cashmere finished product manufacturers in Asia, China and of course Hong Kong.

The World Luxury Association (WLA) – is forecasting that China will become the world's biggest luxury market this year and will grow by a whopping 36%. Japan's market share is down by 5% due to the earthquake catastrophe last March 2011 but is recovering and European sales are forecast to be 18% of the global market compared to 14% in the US.

Another figure which gives food for thought is the fact that Chinese purchases of luxury good in France, Italy and the UK accounted for 48% of all sales. Purchases in these countries from Asian visitors (including China) amount to some 65% of the total, according to the WLA – click here for details.

The other factor which makes China a must for selling high quality international cashmere brands directly in that country is that from October 1st 2011r, China started reducing customs duties on luxury goods imports. The high taxes levied on luxury goods in China which can reach to 60%, for years encouraged Chinese consumers to do their shopping in Hong Kong and Europe instead of in the stores located in Mainland China.

The WLA report states that Chinese bought US$50 billion worth of luxury goods overseas, which is five times more than luxury goods sales in China. This was due to the high prices of luxury goods in China, which are, on average, 45% higher than the prices of similar goods in Hong Kong, 51% higher than in the US, and 72% higher than in France.

Finally take intoaccount that there is a gradual strengthening of the yuan which will make imported goods more accessible for Chinese consumers as well as the 200 million plus who are now in a position to make such purchases and there is a whole new market beckoning western manufacturers of quality luxury goods and apparel.

This concrete information is very encouraging for cashmere fashion exporters and Hong Kong is the bridge into the Chinese Mainland market – and Fashion Access, incorporating Cashmere World, is the business platform from where to launch your cashmere and fashion products into the world's fastest growing fashion arena – Asia.

Cashmere World Fair


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search