Venezuela Consumer Electronics Report - Business Monitor International - Industry Reports

Venezuela Consumer Electronics Report

Venezuela Consumer Electronics Report - Business Monitor International - Industry Reports
Venezuela Consumer Electronics Report
Published Oct 01, 2016
62 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

In ---- the economic crisis resulted in a sharp deterioration in affordability, while currency controls have led to constraints on imports of handsets and other products. A supply of domestically produced desktops, notebooks, tablets and mobile handsets - which has in the past insulated the market from the worst effects of these economic challenges - was hit hard as a result of the extent of crisis in ---- through the increased cost and shortages of imported components. ...In ---- the economic crisis resulted in a sharp deterioration in affordability, while currency controls have led to constraints on imports of handsets and other products. A supply of domestically produced desktops, notebooks, tablets and mobile handsets - which has in the past insulated the market from the worst effects of these economic challenges - was hit hard as a result of the extent of crisis in ---- through the increased cost and shortages of imported components. We forecast a second successive year of sharp declines in consumer electronics device spending in ----, with the total expected to contract by --.- . ...The leading factors behind the downturn in Venezuela s devices market are devaluation, inflation and GDP contraction. The introduction of the three-tier exchange rate system in February ---- filtered through to the

...Computer hardware: contraction from USD---mn in ---- to USD---mn in ----. Reduced demand for both imports and domestically assembled PCs as price rises rapidly eroded affordability. AV and gaming: contraction from USD---mn in ---- to USD---mn in ----. Purchases are being deferred because AV upgrades are the least likely to be considered essential, and so demand conditions will only strengthen once the economy stabilises. AV and gaming: contraction from USD---mn in ---- to USD---mn in ----. The crisis stalled smartphone upgrade momentum, meaning Venezuela still has considerable potential for first-time upgrades, but in the short term economic conditions are so hostile that the market will continue to be depressed.

...BMI View: Economic activity in Venezuela virtually ground to a halt in ----, with out of control inflation and product shortages meaning local consumers faced a dramatic reduction of affordability and product shortages, even for basic goods. Consumer electronics device spending has collapsed in the midst of the crisis, with even local production unable to insulate the market due to price increases for components far outstripping wage growth. ...BMI View: Economic activity in Venezuela virtually ground to a halt in ----, with out of control inflation and product shortages meaning local consumers faced a dramatic reduction of affordability and product shortages, even for basic goods. Consumer electronics device spending has collapsed in the midst of the crisis, with even local production unable to insulate the market due to price increases for components far outstripping wage growth. There should be a modest recovery in device spending in the later years of the forecast as the economic environment stabilises but even this is subject to significant uncertainty due to the economic and political unsustainability of existing conditions. ...

  
Source:
Document ID
2040-9400
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Venezuela Consumer Electronics Report" Oct 01, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Consumer-Electronics-Report-2026-1014>
  
APA:
Business Monitor International - Industry Reports. (2016). Venezuela Consumer Electronics Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Consumer-Electronics-Report-2026-1014>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.