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...
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 rate of growth in retail volume sales of consumer appliances was almost unchanged between 2019 and 2020. However, this masks a significant divergence in performance between major and small appliances: Retail volume sales of the former declined at an accelerated rate in 2020, as the economic uncertainty engendered by COVID-19 left some...
A weak performance by consumer appliances in 2019, driven by a depressed housing market and low consumer confidence, was exacerbated by the emergence of the pandemic and subsequent lockdown in 2020, which resulted in stronger declines across the market, despite some signs in January that sales of consumer appliances were starting to pick up. Consumer...
The consumer appliances market in Poland was affected by COVID-19 over March to April, with May showing gradual recovery. The shutdown of production lines, the withdrawal of export agreements, upon which the industry relies heavily, as well as the closure of stores in the country, all significantly affected the performance of the country’s...
The COVID-19 pandemic had a strong negative impact on sales of consumer appliances in the Philippines during 2020. Volume sales dropped sharply as soon as the initial quarantine lockdown period was announced during the second week of March and remained in the doldrums for the rest of the year. Consumer Appliances in Philippines report...
Negative sales growth was recorded across consumer appliances in Singapore during 2020 as the COVID-19 pandemic had a generally negative impact on sales. Major appliances was hardest hit, with built-in major appliances recording particularly serious volume sales declines as delays in the completion of residential housing developments due to...
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...
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...
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...