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First quarter growth in Chilean market

by Stuart Wilson, Wednesday 4 July 2012

Research house GfK’s latest analysis of the ICT, telecoms and consumer electronics market in Chile has revealed that the total market value grew 3.3% year-on-year in the first quarter of 2012 to hit US$732.4m, driven by growth in multiple product segments including consumer electronics and IT, plus office kit and consumables.

GfK’s research measures the size of what it terms the ‘technical consumer goods’ market, which includes the following product categories: consumer electronics; photo; major domestic appliances; small domestic appliances; IT; telecoms, office equipment and consumables.

Chilean IT sales were up 6.8% year-on-year in the first quarter of 2012 to hit US$184.2m, with office equipment and consumables sales rising 6.9%. Consumer electronics sales jumped 5% in the same period to reach a market value of US$192m.

GfK’s data shows strong seasonality in the Chilean market. Regarding the overall market growth of 3.3% year-on-year, GfK stated: “This result is below the average growth rates seen in 2011. This occurred mainly because low sales over the holiday season in the first quarter of 2012 could not be rescued by the ‘back to school’ period.”

The GfK figures for 2011 showed a significant spike in the fourth quarter for the Chilean market. Sales in the fourth quarter were US$1.09 billion, a 45% sequential increase from the third quarter of 2011. Against this backdrop, first quarter 2012 sales – although up 3.3% year-on-year – were down 33% sequentially.

GfK is an official Event Partner and Content Partner for DISTREE Latin America, which takes place in September 2012. During the event, GfK will deliver a keynote speech and also participate in small group sessions that drill down into local market conditions across Latin America.

DISTREE Latin America

The 2nd annual DISTREE Latin America takes place on September 11-13th 2012 in Buenos Aires, Argentina. DISTREE Events expanded into the Latin American market in 2011, driven by demand from ICT and consumer electronics (CE) vendors for a regional channel development platform. DISTREE Latin America offers easy access to major buyers from across this vast region in one place at one time. www.distree-latam.com

DISTREE Latin America offers vendors a powerful and cost-effective platform to meet senior executives from major distributors and retailers from across this vast continent, accelerating channel development for all attendees. Follow DISTREE Latin America updates on Twitter www.twitter.com/DISTREE_LatAm

DISTREE_Events

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