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Colombia Consumer Electronics Report Q1 2016

Colombia Consumer Electronics Report Q1 2016

BMI View: We forecast the Colombian consumer electronics market to rebound modestly in 2016 followinga period of sharp contraction in 2015 due to significant peso depreciation vis-à-vis the US dollar. Themedium-term outlook is significantly stronger however, with the exchange rate expected to stabilise from2016, enabling the Colombian consumer electronics market to return to a robust growth trajectory basedon rising incomes and modernisation. This will allow vendors to tap into the relatively low penetrationrates in key device categories such as PCs, smartphones and flat panel TVs. One potential risk we highlightis our expectation that oil revenues are set to head lower in the coming years, which will force thegovernment into a decision between cutting spending or relaxing its fiscal consolidation targets.

Headline Expenditure Projections

Computer Hardware Sales: USD1.3bn in 2015 to USD1.366bn in 2016; +5.2%% in US dollar terms.The market will begin its recovery this year after a sharp decline in 2015.

AV Sales: USD1.257bn in 2015 to USD1.339bn in 2016; +6.5% in US dollar terms. AV segment willbegin a recovery this year but we anticipate TV sales to be slow as the 2014 FIFA World Cup lead tosignificant TV upgrades.

Handset Sales: USD1.79bn in 2015 to USD1.99bn in 2016; +11.1% in US dollar terms. Higher marginsfor retailers and vendors compared to the PC and AV segments will help to insulate the handset segmentthis year against the worst ravages of depreciation in 2016 but consumer substitution for cheaper modelswill nonetheless result in value contraction in US dollar terms.


BMI Industry View
SWOT
Consumer Electronics Market
Industry Forecast
Table: Consumer Electronics Overview (Colombia 2013-2019)
Industry Risk Reward Index
Table: Americas Risk/Rewards Index, Q1 2016
Market Overview
Computers
Table: PC Sales (Colombia 2013-2019)
AV Devices
Table: AV Sales (Colombia 2013-2019)
Mobile Devices
Table: Mobile Communications (Colombia 2013-2019)
Competitive Landscape
Table: Hewlett-Packard
Table: Lenovo
Table: LG
Table: Samsung
Table: ZTE
Demographic Forecast
Table: Population Headline Indicators (Colombia 1990-2025)
Table: Key Population Ratios (Colombia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Colombia 1990-2025)
Table: Population By Age Group (Colombia 1990-2025)
Table: Population By Age Group % (Colombia 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Sources
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Consumer Electronics Risk/Reward Index Indicators
Table: Weighting Of Indicators

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