After having posted its best all-round results for some time in 2019, consumer electronics in Greece is expected to see total volume and current value sales decline in 2020. COVID-19 has plunged the struggling Greek economy into a steep recession and prompted further belt-tightening among consumers, many of whom were already experiencing financial...
The Coronavirus (COVID-19) crisis is seriously threatening the Romanian economy and influencing the demand for consumer electronics. The depreciation of the national currency, supply chain disruptions, restrictions on distribution channels, diminishing purchasing power and price increases have forced many consumers to postpone purchases of...
For the most part, the impact of COVID-19 has been negligible on volume sales of consumer electronics thus far in 2020, and while declines in growth have slowed, volume sales are nevertheless still expected to remain in negative territory by the end of the year. Beyond brief pandemic inspired spikes/declines, the factors now influencing demand...
The government’s response to COVID-19 involved, as part of the hard nationwide lockdown, deprioritising the consumer electronics industry to ensure the supply and sale of essential goods such as processed food and drink, medicine and cleaning supplies. This meant that sales of “non-essential” products such as alcohol, tobacco, fresh food,...
The outbreak of COVID-19 in Malaysia is set to deepen the decline in volume growth in several areas, with an overall volume decline of 2% predicted for 2020, compared to a decline of 1% seen in 2019. The most significant declines are set to be seen from in-car navigation systems and imaging devices, both of which will suffer from consumers...
During 2020, consumer electronics is expected to see a marginally faster growth rate than in the previous three years. This will be due to the higher volume growth in categories such as computers, home audio and cinema and televisions, as well as the continued strong (although slower) growth of wireless speakers and wearable electronics. Consumer...
With Germany still riding out the COVID-19 pandemic, the current assessment is that its impact is relatively mixed, but ultimately negative, following the soft lockdown from mid-March to late April 2020. COVID-19 serves as both as a reason for decline and driver for pockets of growth for certain products. Consumer Electronics in Germany...
Overall demand for consumer electronics was down in Q2 compared to its stronger performance in 2019 for several reasons as lockdown measures were introduced in March in response to COVID-19 in Egypt. Increasing pressure on disposable incomes due to employment concerns resulted in greater discretionary spending, with many Egyptians prioritising...
The outbreak of COVID-19 in the United Arab Emirates resulted in various curfew regulations, store closures, lockdowns and working limitations. As a result, 2020 is set to see a slowdown in economic activity, with volume growth for consumer electronics, predicted to decline by 1% in 2020, compared to growth of 3% in 2019. The COVID-19 restrictions...
For the most part, in 2020 there has been only a marginal impact on volume sales of consumer electronics by the impact of COVID-19, with volume sales growth likely to be little changed from prior year. Although there were store closures early in the year which limited access to various items, this has been offset somewhat by more consumers...