Exhibition booth of Ecovacs in Canton Fair.(file photo)
Despite the slow recovery of international trade market, innovative products in China have gained hearts and orders from overseas buyers in the Phase I of 118th Canton Fair, with contract value up more than 100%.
Located in Guangzhou Development Zone, Tech-Long is a famous packaging machinery company. Mr. Wang, the head from Tech-Long’s Marketing Department, introduced that 40% of their business are from foreign markets including southeast Asia, Middle East, America and Africa. Being affected by the low demands of international market, their business has slipped down about 30%.
“We got very few orders in the first half year, and situation in the second half year has turned better. But the total amount this year is still less than that last year.” Wang said that since the competition in international market has become fiercer, they intended to attend a professional fair in Germany, trying to get more orders this year.
As a practitioner in foreign trade, Wang summarized that due to shortage of capital and volatility of RMB exchange rate, exporting companies have to witness a great gap between business statistics of this year and last year. “Especially because of the flexible exchange rate of RMB, our products lose price advantages, and we feel greater pressures when competing with products of other countries.” Wang said.
Guangdong Liansu Machine is a company specialized in plastic extrusion equipments, extrusion dies and injection moldings. An official from Liansu admitted that due to customers’ decreasing, they also witnessed reduce of orders.
However, not all exhibitors are worried about orders. Some products with innovative design and concepts have become hot and sell well in the fair.
Ecovacs, a company manufacturing intelligent robotic appliances, performs its latest robotic sweepers and window-cleaning robots in the fair, and received many attentions from overseas buyers. Zhang Peng, the regional client manager of Ecovacs introduced that their company has self-developed intelligent robot and shifted the main business to intelligent robotic appliances in recent 2 years. Even though the international market is weak, their robotic appliances have become hot in international market, and the business volume has reached 100 billion yuan RMB this year.
“Our robotic appliances are just for show in the fair, but still many overseas buyers come to inquire and even place orders.” Zhang added.
Till October 18th, overseas buyers in the first phase has reached 89,000, among which over 52,000 from Asian countries, 13,000 from European countries and over 10,000 from Americans. The numbers all decline compared with that in 117th and 116th Canton Fair.