“As the world’s largest market by revenue, interest among overseas suppliers in the Chinese market is always high,” says Ms Judy Cheung, Deputy General Manager, Messe Frankfurt (HK) Ltd. “Although imports so far this year have been lower in US dollar terms, their value in RMB actually set a new record in the first half of 2023. This should instil confidence in the world's largest market, especially for overseas exhibitors – because it shows that spending has remained resilient.”
While this year’s lower USD import value can be attributed to the depreciation of the RMB over the past nine months, with Music China on the horizon, there is good reason to anticipate a rise in sales moving forward. “The second half of the year typically always sees stronger performance due to back to school purchasing and business events such as Music China – the world’s largest event for the industry, with more than 1,800 exhibitors taking part in this edition,” explains Ms Cheung.
Further optimism comes from acknowledging China’s position as the world’s largest manufacturing hub for musical instruments. According to Ms Cheung, this is crucial for interpreting import statistics. “For major foreign brands, particularly key players with production facilities inside of China, the import data does not accurately reflect their true domestic sales growth.” In this respect, domestic sales forecasts paint a positive picture, with total revenue expected to reach USD 9.25 billion in 2023[1].
Pavilion exhibitors target affluent Chinese buyers
Many of the countries and regions represented at pavilions this year have seen steady trade growth with China in H1 compared to the second half of last year, including USD import increases of 23.6% from Italy, 22.6% from the Czech Republic, 4.4% from France, 11.8% from Taiwan, and a modest 0.4% from Germany.
Joining seven overseas and national pavilions at this year’s fair, the Italian contingent is set to uphold its reputation for bespoke design and craftsmanship. For the pavilion’s exhibitors, it’s essential to carry on a tradition that has been passed down through generations, and in some cases by family. Handcrafted woods have been incorporated into instruments such as accordions, violins and cellos for centuries. Today, the same materials that have been used for hundreds of years are shaped by modern manufacturing processes and master craftsmanship.
A total of 24 Italian suppliers are preparing to present their instruments in Hall W2. These include Adriano Spadoni-Liutaio, Andrea Ballone Burini Srls, Andrea Varazzani, Consorzio Liutai "Antonio Stradivari" Cremona, Cremona Liuteria, Fabio Bonardi - Luthier, Fernando Salvatore Lima, Srl, Giorgio Grisales Violinmaker, L. Polverini 1889, LAC - Liuteria Artistica Cremonese di Morassi Simeone, Lorenzo Lazzarato, Lorenzo Lippi, Liuteria Dimitri Atanassov - Cremona Strings Srl, Liuteria Staynov & Andreeva, Liuteria Tradizionale Cremonese di Andrea Schudtz, Pasco Italia Srl, Pasquetto Luca, Piccinotti Violins, PONCE Bows di Arturo Ponce Morone, Rivolta Snc Di M. e S. Rivolta, Salvi Harps - NSM S.p.A., Scandalli Accordions s.r.l., Serenellini Accordions Srl, and Sound of Cremona S.r.l.
Taking place from 11 – 14 October, Music China is organised by Messe Frankfurt, the China Musical Instruments Association and Shanghai Intex Exhibition Co Ltd.
For more details, visit www.musikmesse-china.com or email the show’s organisers at music@hongkong.messefrankfurt.com. More press information and photographic material can be found here: https://music-china.hk.messefrankfurt.com/shanghai/en/press.html.
Background information on Messe Frankfurt
The Messe Frankfurt Group is one of the world’s leading trade fair, congress and event organisers with their own exhibition grounds. With a workforce of some 2,160 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2022 were around €454 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of 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 using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.
For more information, please visit our website at: www.messefrankfurt.com/sustainability. With its headquarters 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
[1] China customs data, http://english.customs.gov.cn/Statistics/Statistics?ColumnId=1
[1] ‘Music instruments – China’, Statista. https://www.statista.com/outlook/cmo/toys-hobby/musical-instruments/china. Retrieved: August 2023.
Download
- MUC23_PR3 (pdf, 162 KB)