While the economic impact of the pandemic has made comparisons with last year difficult, a clear trend is emerging in China in recent months: retail sales have well and truly recovered, and consumer confidence looks to be back. April was the ninth straight month of increases in retail trade according to the country’s National Bureau of Statistics. For January and February specifically, sales were up 33.8% compared to the same period last year, and according to Macquarie, even when removing the effects of the pandemic, they still rose 3.1%.
Looking ahead, in Consensus Forecast survey by FocusEconomics conducted in March, participants expected retail sales to increase 12.9% overall in 2021, which is up 0.3 percentage points from the previous month’s estimate. In 2022, the panel foresees retail sales expanding 7.4%. And according to research from Mintel, China’s total consumer spending is expected to return to its pre-Covid-19 level in 2021, and continue to grow at a compound annual growth rate of 7.3% from 2021 to 2024.
This confidence was also reported by exhibitors at the fair’s Spring Edition earlier this year. “The overall result this edition is good. The pandemic has had a big impact on our overseas market and orders, however domestic sales are increasing,” Ms Linda Hu, Sales Manager, Anhui Million Feather Co Ltd, China commented. “The pandemic did not have much impact on home textile companies, but rather, as everyone stayed home during the pandemic, they now have higher quality requirements for interior products,” Mr Leo Chen, General Manager, Yantai Pacific Home Fashion Co Ltd, China opined.
Hybrid exhibiting options ensure overseas suppliers can benefit from Chinese market potential
Suppliers who can’t travel to China for the fair can still display their companies’ offerings onsite through two options. An individual product display booth allows companies to showcase their products physically for buyers to see and touch, with staff on-hand to collect the contact details of those interested. A further option is the Intertextile Gallery, a shared display area for overseas suppliers to present their company and product information together with other international brands. In addition, a range of advertising options throughout the fairground and on the fair’s digital platforms are available, including for companies not exhibiting at the fair. These can be especially useful to overseas brands unable to participate in the fair as usual last year and this year to ensure they remain visible to Chinese buyers.
New Cross-border e-commerce Zone to feature
With more and more retail sales taking place online, a trend accelerated by the pandemic, Intertextile has responded with a new Cross-border e-commerce Zone this edition. The area will feature e-commerce platforms, warehousing and distribution providers, electronic payment companies and other service providers related to this field. A seminar programme focused on e-commerce will also take place as part of the zone, allowing exhibitors to learn more about the new channels on offer and giving them knowledge on retail sales in overseas markets.
Other areas of the fair include country & region pavilions from Belgium, Taiwan and Turkey, as well as zones for carpets, finished products, textile design, textile technology, contract business and editors. The latter will include the likes of JAB Anstoetz Interior, SohoCUT, Ashley Wilde, PT, Morphrow, SATI, Hercules and Lanzi.
Intertextile Shanghai Home Textiles – Autumn Edition 2021 will be held concurrently with Intertextile Shanghai Apparel Fabrics – Autumn Edition, Yarn Expo Autumn, PH Value and CHIC at the National Exhibition and Convention Center. Intertextile Shanghai Home Textiles – Autumn Edition is organised by Messe Frankfurt (HK) Ltd; the Sub-Council of Textile Industry, CCPIT; and the China Home Textile Association (CHTA).
To find out more about this fair, please visit: www.intertextilehome.com. For more information about Messe Frankfurt textile fairs worldwide, please visit: http://texpertise-network.messefrankfurt.com.
-end-
Notes to editors:
Download this press release
https://intertextile-shanghai-hometextiles-autumn.hk.messefrankfurt.com/shanghai/en/press/press-releases/2021/ITSH21-PR2.html
Further press information & picture material
https://intertextile-shanghai-hometextiles-autumn.hk.messefrankfurt.com/shanghai/en/press.html
Follow Intertextile Shanghai Home Textiles on social media
https://www.facebook.com/intertextilehome
https://twitter.com/IntertextileH
https://www.linkedin.com/in/intertextilehome/
Newsroom
Information from the international textiles sector and Messe Frankfurt’s textiles fairs worldwide can be found at: www.texpertise-network.com.
Background information on Messe Frankfurt
Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. The Messe Frankfurt Group employs around 2,500* people in a total of 30 subsidiaries. The company generated annual sales of approximately €250* million in 2020 after having recorded sales of €738 million the previous year. Even in difficult times caused by the coronavirus pandemic, we are globally networked with our industry sectors. We have close ties with our industry sectors and serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of the Group’s key USPs is its closely knit global sales network, which extends throughout the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are expanding our digital expertise with new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Headquartered in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).
For more information, please visit our website at: www.messefrankfurt.com
* preliminary figures 2020
Media Contact
Ms Betty Fong
Tel: +852 2230 9281
betty.fong@hongkong.messefrankfurt.com
www.messefrankfurt.com.hk
www.intertextilehome.com