Venezuela Consumer Electronics Report

Providing expert analysis, independent forecasts and competitive intelligence on the consumer electronics industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Forecast Scenario and Business Environment Rankings.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Venezuela Consumer Electronics Report
Product Price
$1,295.00

BMI View: We had downgraded our forecasts for the Venezuelan consumer electronics market in our Q4 2015 report to reflect the nature of the macroeconomic crisis the country. We have left our forecasts for the market un changed in our Q1 16 report update. We are now anticipating a modest recovery to take place in the market in 2016 as economic conditions improve. Nevertheless, we are cautious in our forecasts and hold the opinion that if the macroeconomic fundamentals of Venezuela deteriorate over the coming weeks, we will undertake another significant downwards revision of our forecast for our upcoming update.

Our previous downgrade was, however, relatively minor in the context of our pre-existing view for Venezuela to be the underperforming consumer electronics market globally. This view was based on devaluation and the impact on device affordability for local consumers where local wage inflation trails far behind device price inflation. Meanwhile, the push by the government to implement the 'fair price' law in H114, which restricted vendor margins to 30%, means vendors face continued political as well as economic risk factors. The law adds to a hostile business environment and exacerbates existing challenges for vendors, including currency weakness and economic, political and security risks that are weighing on purchasing power and consumer confidence.

Latest Updates & Developments

  • We made downward revisions to our forecasts in the Q415 update to reflect the economic climate of Venezuela. We have not made another downward revision to our forecast in our Q1 2016 report, but we may undertake another downward revision if the conditions remain negative for a longer period of time.

  • We have noted reports of serious shortages of hardware and consumer electronic goods as the local currency has devalued and imports have become a lot more expensive.

  • Many local manufacturers and producers have capitalised on the higher costs of imported goods and may look to this particular time as a unique opportunity.

Economic Crisis Sees Devices Market Collapse
Consumer Electronics Spending Forecast By Segment
e/f = BMI estimate/forecast. Source: BMI
BMI Industry View
7
SWOT
9
Consumer Electronics Market
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Table: Consumer Electronics Overview (Venezuela 2013-2019)
15
Macroeconomic Forecasts
22
Economic Analysis
22
Industry Risk Reward Index
27
Table: Americas Risk/Rewards Index, Q4 2015
29
Market Overview
30
Computers
31
Table: PC Sales (Venezuela 2013-2019)
31
AV Devices
39
Table: AV Sales (Venezuela 2013-2019)
39
Mobile Handsets
43
Table: Mobile Communications (Venezuela 2013-2019)
43
Competitive Landscape
53
International Companies
53
Table: Samsung Electronics
53
Local Companies
54
Table: S-ragon
54
Table: Venezolana De Industria Technologica (VIT)
55
Table: Venezolana de Telecomunicaciones (Vtelca)
56
Industry Trends And Developments
57
Regulatory Development
59
Table: Regulatory Authority
59
Demographic Forecast
64
Demographic Outlook 2015
64
Table: Population Headline Indicators (Venezuela 1990-2025)
65
Table: Key Population Ratios (Venezuela 1990-2025)
65
Table: Urban/Rural Population & Life Expectancy (Venezuela 1990-2025)
66
Table: Population By Age Group (Venezuela 1990-2025)
66
Table: Population By Age Group % (Venezuela 1990-2025)
67
Methodology
69
Industry Forecast Methodology
69
Sector-Specific Methodology
70
Sources
70
Risk/Reward Index Methodology
71
Sector-Specific Methodology
72
Table: Consumer Electronics Risk/Reward Index Indicators
72
Table: Weighting Of Indicators
73

The Venezuela Consumer Electronics Report has been researched at source and features latest-available data covering both the manufacture and sale of consumer electronics products, critically analysing - and forecasting - the market dynamics affecting each sub-sector, including audio-visual, computers, mobile handsets, gaming and automotives electronics. Furthermore, the report analyses the domestic and global economic trends driving device demand and provides company rankings and competitive landscapes covering leading multinational and national consumer electronics companies and analysis of latest industry news and trends in Venezuela.

BMI Research's Venezuela Consumer Electronics Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the consumer electronics industry in Venezuela.

Key Benefits

  • Benchmark BMI's independent consumer electronics industry forecasts for Venezuela to test other views - a key input for successful budgeting and strategic business planning in the Venezuelan consumer electronics market.
  • Target business opportunities and risks in Venezuela through our reviews of latest industry trends and major deals, projects and investments.
  • Exploit the latest competitive intelligence with company SWOT analyses.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering consumer electronics, major investments and projects.

Consumer Electronics Market

Analysis of the size of the domestic market for electronics products, with in-depth assessment and data covering the dynamics driving each sub-sector; audio-visual, computers, mobile phone handsets and gaming devices, as well as demand for automotives electronics.

Electronics Industry

Analysis and data of the domestic electronics manufacturing sector. We assess the regulatory and business operational issues facing manufacturers - including openness to foreign investment, infrastructure, IP issues and the global demand context - and their impact on the production of electronics goods, which is again broken down via market sub-sectors.

Industry Forecast Scenario

Historic data series and forecasts to end-2018 for all key industry and economic indicators (see list below), supported by explicit assumptions, plus analysis of key risks to the main forecast, covering computers, communications and gaming devices. Indicators include:

Industry value (US$bn); population (mn); nominal GDP (US$bn); real GDP growth (%), GDP per capita, industrial production Index (% y-o-y ave.) unemployment % of labour force.

Business Environment Rankings

BMI's Consumer Electronics Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors and participants in the regional consumer electronics market. The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.