Oman Consumer Electronics Report - Business Monitor International - Industry Reports

Oman Consumer Electronics Report

Oman Consumer Electronics Report - Business Monitor International - Industry Reports
Oman Consumer Electronics Report
Published Sep 10, 2016
57 pages — Published Sep 10, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We forecast total Omani consumer electronics spending will increase by -.- in ----, a slight upgrade in Q--- as oil prices performed slightly better than anticipated. Nonetheless, we still consider Oman to be the most vulnerable Gulf Cooperation Council (GCC) country to the downturn in global energy prices, with its reliance on hydrocarbon exports exacerbated by relatively low buffers, and we forecast economic growth will slow to -.- in real terms in ----. ...We forecast total Omani consumer electronics spending will increase by -.- in ----, a slight upgrade in Q--- as oil prices performed slightly better than anticipated. Nonetheless, we still consider Oman to be the most vulnerable Gulf Cooperation Council (GCC) country to the downturn in global energy prices, with its reliance on hydrocarbon exports exacerbated by relatively low buffers, and we forecast economic growth will slow to -.- in real terms in ----. The devices market is expected to be weak in ----, but an improvement over the contraction in consumer electronics spending in ----. ...There are also weaker product trends in ----, with the smartphone market approaching saturation and PC spending under pressure from cannibalisation by smartphones.

...BMI View: Oman s consumer electronics market has a weak outlook over the medium term as a result of approaching saturation in key device categories, especially smartphones, against a backdrop of economic uncertainty due to oil prices and the depletion of demographics as a growth driver. The market should continue to be lucrative in per capita terms on the basis of replacement spending, but we caution that the broad economic and demographic support that drove growth in the past five years will soften considerably over the forecast period. ...BMI View: Oman s consumer electronics market has a weak outlook over the medium term as a result of approaching saturation in key device categories, especially smartphones, against a backdrop of economic uncertainty due to oil prices and the depletion of demographics as a growth driver. The market should continue to be lucrative in per capita terms on the basis of replacement spending, but we caution that the broad economic and demographic support that drove growth in the past five years will soften considerably over the forecast period. There is also downside should oil prices take another move lower and result in a forced rial devaluation, which we believe means Oman is the GCC market most vulnerable to oil market trends. ...There is also downside should oil prices take another move lower and result in a forced rial devaluation, which we believe means Oman is the GCC market most vulnerable to oil market trends. Our core scenario is however for gradual economic recovery, and we expect this to underpin a device spending CAGR of -.- over ---------.

...Computer Hardware Sales: USD---mn in ---- to USD---mn in ----, at a compound annual growth rate (CAGR) of -.- . Outlook lowered in Q--- as a result of cannibalisation of tablet spending by smartphones, but still growth potential in hybrid notebooks and all-in-one desktops. AV Sales: USD---mn in ---- to USD---mn in ----, at a CAGR of -.- . Flat-panel saturation and digital camera cannibalisation resulted in four consecutive annual declines in spending, but we envisage a modest return to growth as smart and Ultra HD sets trigger high-value upgrades. Handset Sales: USD---mn in ---- to USD---mn in ----, at a CAGR of -.- . ...

  
Source:
Document ID
2040-963X
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Oman Consumer Electronics Report" Sep 10, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Oman-Consumer-Electronics-Report-2026-934>
  
APA:
Business Monitor International - Industry Reports. (2016). Oman Consumer Electronics Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Oman-Consumer-Electronics-Report-2026-934>
  
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