Consumer Appliances

In 2022, Japan has begun to see less impact from the COVID-19 pandemic. It might have been a slower and weaker recovery compared with most of the world, but the situation improved from 2021. 2020 was a year of panic and heavy home seclusion. The…

After optimistic expectations of consumer demand for the year, manufacturers and retailers of consumer appliances have experienced lower than projected sales in 2022. Following strong growth in sales in the previous two years, with consumers sitting…

Demand for consumer appliances started to cool in 2022 following two years of strong growth due to the pandemic and stay-at-home lifestyles. Retail volume decline was primarily caused by reduced demand for small appliances as consumers shifted their…

Consumer appliances in the Philippines experienced a mixed performance in 2022. The ongoing rollout of the country’s vaccination campaign helped to ease pandemic-related restrictions and consumers’ confidence in spending time outside of the home,…

Concerns around inflation and rising food prices took centre stage in 2022. In the wake of Russia’s invasion of Ukraine, food inflation spiked, which had a significant impact on consumer spending in South Africa. Overall year-on-year inflation…

Inflation and the increasing cost of living have been major concerns for consumers in 2022. According to Reserve Bank of India’s Consumer Confidence Survey in September 2022, respondents expressed pessimism about their current income compared with…

Consumer appliances in Hungary has faced significant headwinds in 2022. Most notably, household purchasing power has fallen and unit prices across the market have risen sharply due to soaring inflation fuelled by the global recovery from the…

Consumer appliances in Egypt will record double-digit retail value sales in 2022, despite the drop in volume sales of major appliances. The industry is faces with several challenges, which are forcing them to raise their retailing prices by between…

COVID-19 has had a contradictory impact on consumer appliances in Israel in 2020, 2021 and 2022. Although the pandemic resulted in higher rates of unemployment, movement restrictions led consumers to spend less money on clothes, vacations, hotels,…

Consumer appliances in Indonesia has recorded stronger volume growth in 2022 than in the previous year, largely thanks to an increase in economic activity after suffering through the COVID-19 pandemic since early 2020. The purchasing power of…

While consumer appliances in Hong Kong as a whole recorded positive retail volume sales growth over the review period, some categories were severely impacted by the emergence of the pandemic in 2020, resulting in significant volume declines for the…

After a strong performance in 2021, both retail volume and retail constant value sales (2022 prices) of consumer appliances slowed significantly in 2022, as mounting inflationary pressure led a growing number of local consumers to rein in their…

Consumer appliances is seeing slow positive volume growth overall in 2022, following the boom in sales during the era of the pandemic when consumers spent more time at home and thus paid more attention to their household environments and appliances.…

Consumer appliances, as a product area as a whole, is expected to register a marginal decline in 2022, compared with 2021, as unfavourable economic conditions have an effect. Sharp price increases across all consumer appliances are expected to dampen…

Almost all types of consumer appliances registered declines in retail volume sales during 2022, as demand levels normalised following Coronavirus (COVID-19)-induced spikes in 2020 and/or 2021 in most categories. Nevertheless, at the end of the review…

2022 saw Argentina’s economy continues to struggle under the burden of a sky-high rate of inflation and while this did put substantial pressure on household spending, it also fuelled demand for consumer appliances by encouraging consumers to…

Consumer appliances saw strong growth in retail volume terms during 2020 and 2021 with the pandemic and the resulting home seclusion encouraging consumers to invest in home improvements. This positivity was relatively short lived however, with retail…

Conservative policies from the Vietnamese Government during the pandemic have helped the country to maintain stable prices and low public debt. While GDP is expected to grow by 6%, the government is attempting to control the inflation rate under 4%…

In 2022, Danish society was much further along the road to normalisation. The easing and lifting of Coronavirus (COVID-19) restrictions and reopening of society saw the fuller return to workplaces, educational institutions, consumer foodservice and…

2022 saw consumer appliances in Colombia record decent sales growth, although volume growth rates were more modest than what was registered during 2020 and 2021, when the COVID-19 pandemic and the strict approach taken to social distancing and home…