Sourcing Taiwan 2017 sees rise in Southeast Asian buyers
TAIPEI (Taiwan News) — Sourcing Taiwan 2017, the annual global procurement event hosted by Taiwan External Trade Development Council (TAITRA), has seen a record number of buyers attending the show, specifically buyers from Southeast Asia and emerging markets who make up the biggest procurement group this year.
In its ninth year, the annual trade show has seen a surge in Southeast Asian buyers, who account for 43 percent of the 581 buyers from 61 countries attending the one-day show that will take place on March 29, 2017, at Taipei Nangang Exhibition Hall.
“The ratio of Southeast Asian buyers increased this year; last year they made up about 30 percent of buyers,” said Patty Yen, manager for ISC for Consumers Goods Section, Market Development at TAITRA.
TAITRA defines the Southeast Asia market as the 10 ASEAN member states plus South Asian countries including Pakistan, India, Bangladesh, Bhutan and Nepal, said David Hsu (徐大衛) deputy director general of the Bureau of Foreign Trade.
Buyers from emerging markets comprised the second-largest group, with about 165 buyers or 28 percent of attendants.
According to Hsu, buyers from emerging markets include those from Russia, South American countries such as Brazil, and African nations such as Nigeria and Egypt. The organization will for the first time invite a delegation of buyers from Nambia and Rwanda.
Basic infrastructure products and products closely tied to Southeast Asian country policies attract buyers from these regions the most, followed by products to meet their domestic demand, said Yen.
International buyers flying in to Taiwan are most interested in information and communications technology (ICT) products with up to 26 percent or 148 buyers showing interest in IoT, smart homes, AR, VR and surveillance products, noted Yen.
Precision equipment, smart machinery and automated machinery ranked second with 19 percent (112 buyers), while green energy product buyers, such as solar cell batteries and LED lights made up the third-largest group of about 7 percent (43 buyers).
For instance, a large German lighting company has shown interest in procuring OLED equipment from Taiwanese suppliers, said Vanessa Chang, the organization’s deputy executive director of Market Development. Read more…
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