Venezuela Consumer Electronics Report Q2 2016

Date: March 2, 2016
Pages: 56
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: The depth of the economic crisis in Venezuela is behind our view that it will be the underperforming consumer electronics market globally in 2016 and over the medium term to 2020. Spiralling inflation, bolivar weakness, the low oil price, regulatory risks and political uncertainty all contribute to a bleak economic outlook that impacts the devices market. We expect a further squeeze on the affordability of devices in the short term, while lack of dollar access has resulted in product shortages, and the environment is so challenging as to also impact the local assembly industry. A mild recovery after a volume and value collapse are only cautiously predicted for the final years of the forecast, and even this scenario has risk weighted to the downside. We envisage a CAGR of -6.6% for US dollar consumer electronics device spending over 2016-2020.

Latest Updates & Developments
  • Computer hardware; contraction from USD214mn in 2016 to USD172mn in 2020. Inflation to drive local currency growth, but outlook is bleak due to sharp reduction in affordability and product shortages as even local assembly has stalled due to extent of economic dislocation.
  • AV and gaming; contraction from USD246mn in 2016 to USD203mn in 2020. Device shortages in short term, and affordability squeeze over medium term, hurts the outlook for non-essential upgrades.
  • Handsets; USD578mn in 2016 to USD577mn in 2020. Handset segment forecast to begin recovery before other segments due to lower average selling price, large base of local production, and greater necessity of handset ownership.
BMI Industry View
Latest Updates & Developments
Consumer Electronics Market
Industry Forecast
Latest Updates
Structural Trends
  Table: Consumer Electronics Overview (Venezuela 2014-2020)
Industry Risk Reward Index
  Table: CE RRI Regional Scores Breakdown, Q216
  Table: Americas Risk/Rewards Index, Q2 2016
Market Overview
Recent Developments
  Table: PC Sales (Venezuela 2014-2020)
AV Devices
  Table: AV Sales (Venezuela 2014-2020)
Mobile Handsets
  Table: Mobile Communications (Venezuela 2014-2020)
Industry Trends And Developments
Regulatory Development
  Table: Regulatory Authority
Competitive Landscape
International Companies
  Table: Samsung Electronics
Local Companies
  Table: Síragon
  Table: Venezolana De Industria Technologica (VIT)
  Table: Venezolana de Telecomunicaciones (Vtelca)
Demographic Forecast
Demographic Outlook 2015
  Table: Population Headline Indicators (Venezuela 1990-2025)
  Table: Key Population Ratios (Venezuela 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Venezuela 1990-2025)
  Table: Population By Age Group (Venezuela 1990-2025)
  Table: Population By Age Group % (Venezuela 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
  Table: Consumer Electronics Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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