Boston, MA -- (SBWIRE) -- 08/23/2013 -- We expect the Russian consumer electronics market value will increase by 12.9% in US dollar terms to US$25.4bn in 2013. Russian retailers including MTS, M.video and Euroset reported another year of strong growth in sales of some consumer electronics devices in 2012, and we believe the conditions are in place for this growth to continue through 2013. The Russian consumer electronics market is expected to increase at a double-digit compound annual growth rate over BMI's five-year forecast period to 2017, driven by the growing popularity of digital lifestyle products like smartphones, digital TV sets, tablets, digital cameras and portable audio devices. The planned roll-out of digital TV broadcasting to 95% of Russian citizens by 2015 and investment in 3G and 4G mobile communications infrastructure will boost spending. Meanwhile, the market should receive a further boost following WTO entry, confirmed in August 2012, with import taxes of 5-15% expected to be lowered within three years.

View Full Report Details and Table of Contents

Headline Expenditure Projections

Computer Hardware Sales: US$10.6bn in 2012 to US$11.3bn in 2013, +6.7% in US dollar terms. Forecast in US dollar terms downgraded slightly due to weaker than expected desktop and notebook sales in Q113, although growth of tablet sales is keeping the market buoyant.

AV Sales: US$8.2bn in 2012 to US$8.8bn in 2013, +7% in US dollar terms. Forecast in US dollar terms unchanged, with flat-screen TV set sales the main growth area.

Handset Sales: US$6.6bn in 2012 to US$8.6bn in 2013, +30.8% in US dollar terms. Sales of smartphones have been particularly strong and reversed a trend of declining handset prices, boosting overall market value.

Risk/Reward Rating

Russia's score is 51.9out of 100.0, unchanged from the previous quarter. Russia stayed in third place in our latest Consumer Electronics Risk/Reward Ratings, below Poland and Czech Republic.

Key Trends And Developments

The PC market is undergoing a transition, with reports of steep declines in desktop and notebook shipments in Q113 - however this is being compensated by the increase in tablet shipments. Tablets will continue to be a growth area as prices decline with the wider availability of high quality Android devices, primarily from Chinese and Indian OEMs. This greater affordability is helping to sustain market value, as well as raising household PC penetration in Russia.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Indonesia Consumer Electronics Report Q3 2013
- South Korea Consumer Electronics Report Q3 2013
- Chile Consumer Electronics Report Q3 2013
- Australia Consumer Electronics Report Q3 2013
- China Consumer Electronics Report Q3 2013
- Venezuela Consumer Electronics Report Q3 2013
- Peru Consumer Electronics Report Q4 2013
- Bulgaria Consumer Electronics Report Q4 2013
- Turkey Consumer Electronics Report Q3 2013
- Colombia Consumer Electronics Report Q3 2013