Venezuela Consumer Electronics Report

Published 27 May 2015

  • 82 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Venezuela Consumer Electronics Report

BMI View: after the negative impact of exchange rate reforms enacted in February 2015 became clearer in H115 we made a downward revision to the forecast for Venezuela's consumer electronics market. The reforms are effectively a devaluation and will have a negative impact on IT market growth in 2015 by dramatically increasing the cost of imported products, solutions and components. Additional economic challenges in 2015 include inflation forecast at almost 75% and GDP to contract by 3.6% in real terms. Meanwhile, t he push by the government to implement the 'fair price' law in H114, which restrict ed 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.

Headline Expenditure Projections

  • Computer Hardware Sales: USD917mn in 2014 to USD360mn in 2015. Sharp contraction forecast in value and volume terms in the PC market in 2015 due to the impact of currency reforms, which raised the cost of imported PCs and components. AV Sales: USD934mn in 2014 to USD532mn in 2015, -43% in US dollar terms. Demand for flat-panel TV sets hit by currency weakness and we expect the market will continue to contract beyond 2015 as digital camera volumes decline due to the proliferation of smartphone ownership.

  • Handset Sales: USD1.21bn in 2014 to USD1.25bn in 2015. The relative strength of local handset manufacturing and operator subsidies will help to absorb some of the impact of devaluation, resulting in stronger performance compared with the other consumer electronics segments.

Key Trends & Developments

The impact of the government's February 2015 currency reforms has become clearer through H115, with the early evidence that it has been a major disruption to the local consumer electronics devices market....

Table of Contents

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, Q3 2015
28
Market Overview
29
Computers
30
Table: PC Sales (Venezuela 2013-2019)
30
AV Devices
37
Table: AV Sales (Venezuela 2013-2019)
37
Mobile Handsets
43
Table: Mobile Communications (Venezuela 2013-2019)
43
Competitive Landscape
52
International Companies
52
Table: Samsung Electronics
52
Local Companies
53
Table: S-ragon
53
Table: Vtelca
54
Table: Venezolana De Industria Technologica (VIT)
55
Industry Trends And Developments
56
Regulatory Development
62
Table: Regulatory Authority
62
Company Profile
68
Venezuela De Industria Tecnologica
68
Demographic Forecast
71
Demographic Outlook 2015
71
Table: Population Headline Indicators (Venezuela 1990-2025)
72
Venezuela Consumer Electronics Report Q3 2015
Venezuela Consumer Electronics Report Q3 2015
- Business Monitor International Ltd Page 4
- Business Monitor International Ltd Page 4
Table: Key Population Ratios (Venezuela 1990-2025)
72
Table: Urban/Rural Population & Life Expectancy (Venezuela 1990-2025)
73
Table: Population By Age Group (Venezuela 1990-2025)
73
Table: Population By Age Group % (Venezuela 1990-2025)
74
Methodology
76
Industry Forecast Methodology
76
Risk/Reward Index Methodology
79
Table: Indicators
81
Table: Weighting of Indicators
82

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc