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Latest Satellite News Discussion, Economy 'not affecting Consumer Electronics' at General Satellite News forum; Chris Forrester 07-09-2009 The worldwide markets for Consumer Electronics, Audio/Video, Photo, IT and Telecommunications are continuing to expand in spite ...

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Economy 'not affecting Consumer Electronics' - 08-September-2009, 06:57

Chris Forrester
07-09-2009
The worldwide markets for Consumer Electronics, Audio/Video, Photo, IT and Telecommunications are continuing to expand in spite of the crisis. In 2009, consumers will spend 2% more on products in the audio/video, photography, IT and telecommunications segments, with total global expenditure for the year as a whole forecast at 494 billion (US$706 billion), according to the latest data from GfK.

GfK Retail & Technology monitors point-of-sale purchases of thousands of individual products, and says that Japan is currently the region with the most rapid expansion (8%), followed by Africa with growth of 6% and China with 5%.


However, a decline of 3% in North America and 5% in Europe is expected this year. With IBC just days away it might be as well for the professional end of the TV industry to examine their Dutch surroundings because the Netherlands is suffering most as far as European Consumer Electronics are concerned. Sales during the first six months were down 15% compared to the same period last year. Spain was almost as bad (14%), while Russia (10%) and Eastern Europe (13%) were also badly depressed markets. Germany saw flat sales (0% growth), the UK fell back 3% while France was down 4%.


This year overall, GfK says that European consumers will spend around 11% less on consumer electronics. Aside from the general economic environment, one of the main reasons for this development is the negative sales trend in flat-screen televisions, previously a key pillar of growth. This is due to the rapid fall in average prices, which is more than offsetting the current volume growth. The highly encouraging three-digit growth in the area of Blu-ray players is not enough to compensate for declining sales in the TV sector.
   
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