2021 was a tough year in Vietnam as shutdowns made life difficult and growth in GDP slowed, with the disruption taking its toll on economic activity. However, increasing supplies of vaccines eventually allowed more consumers to gradually return to their pre-pandemic lifestyles, with this pattern continuing into 2022 as restrictions are lifted. Consumer...
Consumer electronics in Sweden recorded negative retail volume growth and modest retail value growth in current terms in 2022 after downwards sales trend were registered in 2021. Consumer Electronics in Sweden report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products...
As in other countries and on other continents, high inflation rates are shocking consumers and having a negative impact on volume demand for consumer electronics in Brazil. In particular, middle- and low-income consumers are living with budget constraints, which have certainly affected their purchasing power, especially for high-priced products...
Consumer electronics experienced significant growth in 2021 compared to the previous year, despite Chile continuing to struggle with the fallout from the pandemic, as the global industry managed to address supply chain issues to address demand. Consumer Electronics in Chile report offers a comprehensive guide to the size and shape...
The rate of growth in retail constant value sales (2022 prices) of consumer electronics slowed significantly during 2022 but remained relatively strong. Despite the boost to economic activity provided by the easing of pandemic restrictions, mounting inflationary pressure made many local consumers more cautious in their discretionary spending. Consumer...
The resumption of travel and the reopening of foodservice in 2021 were followed by a strong increase in spending on entertainment. After several months in lockdown, consumer priorities have shifted away from investing in their homes and towards out-of-home activities such as travelling and going out. Consumer Electronics in Greece report...
The choice of consumer electronics is coloured by the burgeoning preference for household interior designs offering functionality, quality and minimalist aesthetics. Many consumers demand consumer electronics designs that blend in with and/or enhance their interior design schemes. In this respect, a black TV screen can be perceived as outdated. Consumer...
Sales of consumer electronics are set to see a return to growth in retail volume terms in 2022 after a turbulent period during 2020 and 2021 when consumers, retailers and manufacturers struggled to cope with the impact of the COVID-19 pandemic. The market has seen an increased demand for consumer electronics that support home working, such...
Overall, consumers electronics are expected to register moderate volume growth in 2022 and higher current value growth, as inflations starts creeping up. Inflation is increasing due to the war in Ukraine, which is pushing up energy prices, and there is also continuing global supply constraints of key components of consumer electronics and...
Consumer electronics overall is seeing slowed retail volume growth in 2022 compared to its performance in 2021, with many product areas still falling. Leading the decline is imaging devices, followed by home audio and cinema. In-car entertainment and computers and peripherals are also in negative growth. By contrast, wearable electronics is...
Consumer electronics overall is posting healthy volume growth in Turkey in 2022, driven by headphones, wearable electronics and portable players – the only three sub-categories showing overall volume growth. Headphones is way ahead, followed by wearable electronics and then portable players. Imaging devices is seeing the deepest declines as...
Pandemic fallout and current supply issues combined with inflationary pressures means that volume sales across most of consumer electronics in 2022 are in large part determined by product availability. In many cases, such as smartphones, for example, demand remains unsatisfied due to lack of parts or final products imported. Throughout 2020...
Sales of consumer electronics declined in 2020 following the outbreak of COVID-19. With stores forced to close during the lockdown and consumers facing job and wage insecurity this had a negative impact on sales in many categories. However, there were signs of improvement in 2021 as Indonesia rolled out its vaccination programme and economic...
Much of the positive growth seen within consumer electronics in 2022 stems from lifestyle changes which took shape during the pandemic and have since taken hold. For example, the rise of e-commerce, and the expansion of work-from-home trends. These changes have benefited several product areas, particularly laptops, headphones and televisions,...
Overall, consumer electronics is set to see a further fall in volume sales in 2022, though value sales are expected to increase. There are several factors leading to the volume decline. Inflation is increasing, due to the war in Ukraine, which is pushing up energy prices, and there is also continuing global supply constraints of key components...
The supply chain for consumer electronics has been significantly disrupted by both the global chip shortage and COVID-19 in recent years. Although, in Western Europe, COVID-19 seems to be more under control, with consumer confidence supported by mass vaccination campaigns, new lockdowns in China represent a significant threat to the smooth...
Consumer electronics is expected to continue seeing retail volume growth in Singapore in 2022. Lingering COVID-19 effects, such as remote working and an increased amount of time spent indoors, are still impacting consumer demand for these products, despite lockdowns being lifted and life generally seeing normalisation. Consumers are continuing...
Consumer electronics in the UK is set to experience a period of normalisation in 2022, with marginal retail volume declines. This marks the first time that the local industry will experience a drop in demand since 2016, with many categories cooling off from their dynamic growth of 2020 and 2021. Consumer Electronics in United Kingdom...
Due to further social distancing measures in place until the first half of 2022 as a result of rising virus cases (which were not lifted until 2 May), demand for consumer electronics in South Korea continues to be influenced by the pandemic. Consumer Electronics in South Korea report offers a comprehensive guide to the size and shape...
Consumer electronics is set to experience further growth in 2022, despite the tough market environment. Many residents in the United Arab Emirates continued to work remotely in the first half of the year, following a hybrid working model and spending greater time indoors. E-commerce is also set to facilitate strong growth as many leading players...
In 2022, consumer electronics is expected to witness growth similar to the previous year, with growth in both retail volume and current value terms. In this year, consumer electronics has seen bigger and newer technological advances as manufacturers compete to bring the best to the market and retain or even grow their shares in the country. Consumer...
Demand for consumer electronics in South Africa continues to grow in 2022, following a year of strong recovery in 2021. Demand notably declined in 2020, as the pandemic caused widespread store closures and supply shortages, but rebounded healthily the following year, as stores reopened and the economy began to recover. Consumer Electronics...
There is a visible difference in terms of value performance versus volume in consumer electronics in Portugal in 2022. Following positive sales seen across many categories in 2021, as periods of home seclusion and restrictions still lingered from the pandemic and consumers were thus investing more in their in-home entertainment, most categories...
The Egyptian economy is facing several challenges that are shaping the sales of consumer electronics. For example, due to the Russian invasion of Ukraine earlier this year, the Federal Reserve System (the central banking system of America) increased the interest rate and a foreign capital outflow of $3 billion left the Egyptian foreign reserve. Consumer...
The negative impacts of high inflation and disruptions to supply will continue to impede the retail volume sales of consumer electronics in 2022. The latter was particularly significant in the importation and production of newer consumer electronics, with supply being unable to meet global demand in the aftermath of the COVID-19 pandemic....
Consumer electronics overall is seeing retail volume decline in 2022, though at a slower rate than in 2021. This is mainly the result of slight rises or slower falls in some major product areas including home video, headphones and smartphones. However, overall market saturation and another major outbreak of COVID-19 in Taiwan continues to...
German consumers have made strong shifts in the use of technology during the COVID-19 pandemic in 2020 and 2021, leading to growth in consumer electronics. Although they might have been late in adopting the use of some devices, they are traditionally appreciative of any innovations that contribute to making their lives easier, and many changes...
China’s demand for Consumer Electronics has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
Following a strong upturn in demand for a number of consumer electronics in 2020 due to the home seclusion trend as a result of the pandemic, including computers for remote working and studying, and televisions and e-readers for home entertainment, growth is expected to be more subdued in 2021 for consumer electronics in general. Consumer...
Consumer electronics is set to continue to see retail volume growth in 2021, but at a slower rate compared with the previous year. Despite lockdowns being lifted and businesses gradually reopening, US consumers’ demand for these products in 2021 is still being impacted by lingering COVID-19-related effects, such as remote working and greater...