In 2020, volume sales of major appliances were adversely affected by store closures, economic uncertainty and supply issues related to the outbreak of COVID-19. However, freestanding fridges and freestanding freezers performed particularly well early in the year due to consumers’ concerns over storage capacity at home during the lockdown as...
Overall, consumer appliances has been negatively impacted by the outbreak of COVID-19, as most product areas have witnessed volume decline. The main reason for this has been due to store closures due to lockdown regulations. Between the months of March and April, all non-essential stores were forced to close which meant consumers had limited...
Consumer appliances will be negatively impacted by the COVID-19 pandemic in 2020 overall as volume sales decline drastically. The main reason for this is due to the economic repercussions of the pandemic as Portugal is a country with a high dependency on tourism. With international travel bans in place, the tourism industry has suffered greatly...
COVID-19 had a significant negative effect on demand for consumer appliances in Mexico during 2020. The pandemic led to a plunge in consumer confidence during the spring, with no more than a partial recovery during the latter part of the year, and this made consumers more reluctant to purchase big ticket items like large consumer appliances. Consumer...
Overall, sales of consumer appliances were negatively impacted by the impact of COVID-19 during 2020, with demand falling slightly as a result of subsequent lockdown measures and rise in consumer price sensitivity and uncertainty. While non-essential retailers, such as channel electronics and appliance specialist retailers, were unable to...
The impact of the pandemic on retail volume sales of consumer appliances was mixed. It drove a sharp acceleration in the rate of growth in retail volume sales of refrigeration appliances, as many consumers sought to stockpile food during the early stages of the pandemic, due to fears that supply-chain disruption would lead to shortages, particularly...
The Romanian government was one of the first in Europe to impose social distancing measures, which saw a mandatory lockdown. As a result, restaurants, cafés and all non-essential stores were forced to close between the months of March and May, with strict regulations being implemented from then onwards. Due to these lockdown restrictions,...
Consumer appliances will be negatively impacted overall by the COVID-19 pandemic, with some product areas being more affected than others. Larger appliances for example have been more impacted due to their higher price points. Refrigeration appliances and home laundry appliances for example will see declining volume sales in 2020 overall as...
Retail volume sales of consumer appliances were severely hit in India in 2020, breaking the steady growth pattern seen in the previous years of the review period. The COVID-19 outbreak, which continues to be a challenge in the country, greatly impacted consumers’ preferences, lifestyle and purchasing behaviour in 2020, affecting demand for...
Prior to the emergence of the pandemic, Chile had already experienced notable disruption with the last quarter of 2019 seeing a social outbreak that impacted the performance of consumer appliances, resulting in low volume decline. Various protests including looting and vandalism, resulted in disruption to transport, supply chains and distribution. Consumer...