New Market Study Published: Refrigeration Appliances in Saudi Arabia
Refrigeration appliances benefited from an improved economic performance in 2011, with sales continuing to recover due to rising consumer confidence. Volume growth consequently reached 1%, marginally above the review period CAGR. However, volume sales remained below the level seen in 2008. Many consumers remained focused on saving rather than spending in 2011, with many households thus opting to postpone purchases of expensive refrigeration appliances where possible.
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