Boston, MA -- (SBWIRE) -- 01/27/2014 -- We maintain a bullish growth outlook for Taiwan's consumer electronics market, forecast growth of around 8% in 2013. We identify large-screen, ultra-HD and OLED TV sets, phablets and 4G smartphones as the key growth areas. In particular, smartphones look set to report another year of strong growth after sales surged, even though the penetration rate is already high by regional standards. A key factor was the short replacement rate for smartphones, a trend we expect to continue in 2014. There is however downside risk to this outlook from a China-led slowdown which could affect the Taiwan dollar and constrain domestic discretionary spending. The key concern facing private consumption growth stems from the slowdown in the tech sector, which accounts for over 30% of the labour force.

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