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...
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...
Consumer appliances in Spain witnessed double-digit drops in both current value and retail volume terms in 2020, attributed to the impact of the pandemic and subsequent lockdown for several months from March. While non-essential retailers, such as dominant distribution channel electronics and appliance specialist retailers, were forced to...
Home seclusion, one of the most relevant consequences of COVID-19, had a strong impact on the demand for consumer appliances in Brazil in 2020. On one hand, with more time spent at home consumers were encouraged to update their existing consumer appliances, or to invest in new ones. On the other hand, it also negatively impacted consumer confidence...
Given that growth in consumer appliances volume sales in Germany was already stagnating due to the high household penetration of many product types, the COVID-19 pandemic unsurprisingly resulted in a negative performance for the market as a whole in this regard in 2020. There were mixed factors at play, however, and it was not just a straightforward...
Due to the outbreak of COVID-19 in 2020, consumer appliances recorded a volume decline of 3%, compared to positive growth of 2% in 2019. This was the result of the slowdown in economic activity, with expatriates losing jobs, companies downsizing and consumers delaying their purchases due to increased price-sensitivity and financial insecurity....
Retail volume sales of consumer appliances in Saudi Arabia faced two significant headwinds during 2020 – COVID-19 and a hike in the rate of value added tax (VAT) from 5% to 15% that was implemented in July. Consumer Appliances in Saudi Arabia report offers a comprehensive guide to the size and shape of the market at a national level....
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...
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...