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....
In Turkey, the fast-spreading Coronavirus (COVID-19) has dampened economic prospects in 2020, and is anticipated to have a negative effect on the retail volume sales of consumer appliances. A direct hit to consumer confidence was noted in the second quarter of 2020, as the first case emerged at the end of the first quarter on 11 March. Consumer...
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...
After seeing slow but stable growth for the previous four years, in 2020 consumer appliances turned to retail volume decline. This was mainly due to the impact of COVID-19, with different impacts being seen across categories. Whilst both major appliances and small appliances saw falling sales, major appliances saw by far the strongest negative...
Consumer appliances in Australia were impacted by the COVID-19 virus in 2020, with the country going into lockdown in the initial stage of the outbreak in March. Consumer confidence remained low and disposable income has been impacted by the unstable financial situation and the announcement of the recession in mid-2020. Major appliances experienced...
Lockdown in France from mid-March to mid-May 2020 included the closure of stores deemed as non-essential, with the shutting of the main channel electronics and appliance specialist retailers particularly detrimental to sales of consumer appliances. Despite second-largest channel hypermarkets remaining open all year, there were geographical...
Restrictions on movement, particularly between April and June when strict lockdowns were in place in major cities, forced consumers to stay at home, which temporarily negatively impacted demand in 2020. However, demand for consumer appliances has been more permanently and severely hit by the negative impact of Coronavirus (COVID-19) on consumers’...
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...
Consumer appliances will be negatively impacted by the COVID-19 pandemic in 2020 overall as volume sales decline drastically. The main reason for this is due to the economic repercussions of the pandemic as Portugal is a country with a high dependency on tourism. With international travel bans in place, the tourism industry has suffered greatly...
Retail volume sales of consumer appliances were severely hit in India in 2020, breaking the steady growth pattern seen in the previous years of the review period. The COVID-19 outbreak, which continues to be a challenge in the country, greatly impacted consumers’ preferences, lifestyle and purchasing behaviour in 2020, affecting demand for...