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....
COVID-19 had a broadly negative impact on consumer appliances in the Czech Republic in 2020. Growth in total volume sales was marginal, slowing sharply from 2019 and finishing well below the CAGR for the entire review period. This was primarily because the economic shock of the pandemic drove consumers to abruptly reduce spending, 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 maintained solid retail volume growth in Vietnam in 2020, with a growth rate only marginally lower than that seen in the previous year. However, the performances of major appliances and small appliances widely diverged. Consumer Appliances in Vietnam report offers a comprehensive guide to the size and shape of...
Overall sales of consumer appliances came under serious pressure during 2020 as demand in all categories was adversely impacted by the negative impact of the COVID-19 pandemic. As the pandemic situation unfolded over the course of the year, consumer spending behaviours became very conservative as the adverse economic environment that unfolded...
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 volume sales performance of consumer appliances was mixed in 2020 although there was a small fall overall. Due to the outbreak of COVID-19, consumers were much less motivated to go out, leading to a considerable rise in the share of e-commerce, especially for vacuum cleaners and even for some large appliances such as dishwashers. Consumer...
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...
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...
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....