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...
In 2020, the impact of COVID-19 on consumer appliances is contradictory in Israel. Although the pandemic resulted in higher rates of unemployment, movement restrictions led consumers to purchase fewer clothes, and fewer purchases were made in regard to vacations, hotels, flights, so consumers were forced to focus their purchases elsewhere....
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 significant negative effect on retail volume sales of consumer appliances in Egypt during 2020, as lockdown measures resulted in a significant contraction in economic activity. This significantly affected consumer confidence, leading many consumers to rein in their discretionary spending. Consumer Appliances in Egypt...
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...
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....
The COVID-19 pandemic has created profound shifts in the US economy, as cases have spiked, lockdowns continue, and unemployment remains at significantly elevated levels compared to before the pandemic. In terms of consumer spending, services have taken an enormous hit, but spending on goods has actually risen significantly. As consumers spend...
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...
Consumer appliances will witness a strong decline in 2020 due to COVID-19. The pandemic resulted in thousands of job losses and economic hardship across the country. This led to many households limiting their purchases to essential products, such as food and personal/home-hygiene items. Consumer appliances are generally not considered essential...
Consumer appliances was negatively affected by Coronavirus (COVID-19) in 2020. All categories registered a decline in retail volume sales over 2020, many for the first time in the review period, although product types that improve home living and hygiene, offer entertainment or facilitate family activities, especially around meals, or more...