New Consumer Goods market report from Business Monitor International: "United Arab Emirates Consumer Electronics Report Q3 2012"
Boston, MA -- (SBWIRE) -- 10/03/2012 -- BMI View: The UAE's consumer electronics spending will grow by about 6% in US dollar terms in 2012 to US$3.8bn. In 2012 solid growth in consumer electronics sales is expected, but in addition to exogenous factors, this suggests that structural weaknesses still stand in the way of a more pronounced recovery, including weak credit conditions and Dubai's onerous debt repayment schedule. Despite these adverse factors, the outlook for household consumption has picked up in recent months and we are now forecasting this to grow by 8.0%in 2012. Spending on AV products had momentum in 2011 due to growing demand for new high-tier products such as 3D and LED TV sets. Another factor driving growth was a pick-up in the number of tourists, which has provided a boost to the all-important carry-trade. LED TVs was one strong-selling product category after prices dropped by between 5% and 25% for various models, with larger screen sizes proving popular. SLR cameras and smartphones were among other popular products.
View Full Report Details and Table of Contents
Headline Expenditure Projections
- Computer sales: US$1.9bn in 2011 to US$2.0bn in 2012, +5% in US dollar terms. Forecast in US dollar terms downwardly revised due to price erosion and a deceleration in retail sales growth in Q411 and Q112.
- AV sales: US$1.3bn in 2011 to US$1.3bn in 2012, +6% in US dollar terms. Forecast in US dollar terms unchanged, with flat-screen TV sets the main growth driver..
- Handset sales: US$410mn in 2011 to US$460mn in 2012, +12% in US dollar terms. Forecast in US dollar terms upwardly revised, with smartphones comprising above 50% of sales.
The UAE's score was 61.4 out of 100.0, which gave it first place in our latest MEA CE RRR table. BMI expects the UAE to remain a key regional market, with an ongoing improvement in consumer sentiment.
Key Trends & Developments
- Product innovation and price cuts will be important drivers of AV spending. Even with more content available, 3D TV prices have acted as a constraint for many consumers, at least initially. The average starting price for a 3D TV set in the region in 2011 was about US$2,500, with 40" to 60" 3D LCD models having a price range of about AED9,000-25,000. However, with average prices of 3D sets falling by up to 40%, further growth in this segment is expected in 2012.
- In 2012 the launch of more smartphone models based on the Android operating system should help to intensify competition, following a number of local distributor and vendor releases in 2011. Android's share of the market has increased dramatically and is expected to reach around 25% of all UAE handset sales in 2012, from nearly 205 in 2011. Meanwhile, the previously dominant BlackBerry from RIM has seen its share decline.
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:
- Consumer Electronics in Emerging Markets to 2015: Market Guide
- United States Consumer Electronics Report Q3 2012
- United Arab Emirates Tourism Report Q3 2012
- Home Audio and Cinema in the United Arab Emirates
- Video Players in the United Arab Emirates
- Portable Media Players in the United Arab Emirates
- Camcorders in the United Arab Emirates
- Televisions and Projectors in the United Arab Emirates
- Cameras in the United Arab Emirates
- In-car Entertainment in the United Arab Emirates
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)