China Canton Fair 2024 - global buyers surge
China Canton Fair global buyers surge in 2024. The worlds largest trade show - China's Canton Fair 2024 has started, this year Canton Fair sees surge in orders as global market recovers from pandemic.
Exhibitors at the 135th Canton Fair are witnessing a notable rebound in orders as global markets clear pandemic-induced backlogs, signaling robust growth in exports this year. As of April 24, 2024, a total of 172,900 overseas buyers attended the Canton Fair, an increase of 21.6% from the previous fair. But participants also reported a fierce price war that is squeezing manufacturers’ bottom line.
China Canton Fair established in 1957, the twice-yearly trade fair held in the southern metropolis of Guangzhou, is a big contributor to China’s exports, and widely viewed as an indicator of the country’s foreign trade. This year’s spring session opened on April 15, 2024, with a focus on advanced manufacturing and household products.
A personal story:
After a three-year hiatus due to the pandemic, Filipino businessperson Chen Jin (pseudonym) returned to the Canton Fair in China’s Guangzhou in early April, 2024. As a veteran participant at the country’s biggest twice-yearly trade exposition, he started his business over 40 years ago at the fair.
“For a businessman who just started, the Canton Fair was a gold mine,” said Chen, as he recalled his entrepreneurial journey, he pulled out a stack of well-preserved buyer’s passes from his black briefcase. One of them was from the 82nd Canton Fair in 1997, with a photo young Chen looking ambitious. source: caixinglobal.com
In sum up, the best description for Canton Trade Fair is the meeting point for buyers and sellers from all over the world. The Canton Trade Fair, used to call the China Import and Export Fair, is one of the largest trades events.
2024 Canton Fair main focuses on Electronics, Machinery, Energy Resources, Vehicles, Construction, and Industrial Products in Phase ONE within six categories. Consumer Goods, Decorations, Gifts, and Home Furnishings are the key focuses on Phase TWO with four showcases.
For Canton Trade Fair, It is lively, attractive, and practical events, the formats provide chances for bargaining, negotiations, and placing orders between suppliers and manufacturers. Simply, to sell or to buy something, face to face meetings the same or different suppliers and producers.
Although the Canton Trade Fair held in China, but it benefits the world economy, as there is no geographical boundary in trade benefit all. Register and apply for the e-invitation
