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South American IT market displays promising growth

SAO PAULO, BRAZIL: The role of South America in the worldwide consumer durables market is growing. In 2009, the continent was responsible for 9% of all expenditures for Consumer Electronics, ranging from traditional Consumer Electronics, to Telecommunication and IT products. In 2010, this share grew to 10% and the expectation is that by the end of 2011, it will be 12%.
IT products, especially those linked to mobility, are one of the key drivers of the growth. Among the four countries covered by GfK in the region, the biggest increase in sales comes from Argentina, a growth of 76% for notebooks. This was followed by 61% in Peru, 44% in Chile and 26% in Brazil. Despite the smaller growth, Brazil accounts for 80% of all sales in the region.

Netbooks popular


The demand for netbooks continues to grow in Peru (+7%), Argentina (+11%) and Chile (+30%). In Brazil, a country where these devices have never reached the same importance as the other Spanish speaking nations, sales declined by 7%.

On the other hand, despite still being a niche, tablets are becoming more popular in South America. In Chile, they are already responsible for 3% of all IT category sales, while in Argentina and Brazil their participation reached 2% in the first half of 2011. Especially in Argentina and Brazil, where taxation for imported goods is particularly high, tablets are still among the most expensive in the world. Nevertheless, it is expected that these products will become more affordable in the future as the Brazilian government is planning to lower taxes for specific devices. According to the Brazilian government, five companies are already manufacturing tablets locally.

PC sales still on the rise


Contrary to the worldwide trend, sales of desktop PCs are still on the rise in Brazil (+4%); this is driven by a growing middle class who are purchasing computers for the first time. While in Argentina and Chile the sales of desktop PCs are decreasing by 21% and 29% respectively, all-in-one (AIO) models are becoming increasingly popular. If compared to the first half of 2010, sales in Brazil increased by 46%.

In Chile and Peru, demand more than doubled and in Argentina, the growth was more than 400%, although this is a result of a relatively low level in 2010. In Argentina and Chile, AIO's already represent around a third of the sales of all desktop PCs, in Peru this figure is 20% and in the biggest market Brazil, it is 8%. Apart from being more design oriented and space saving, falling prices have been helping the demand for AIO's. Over the last year, prices fell by 5% in Brazil, 19% in Chile and 25% in Peru.


SOURCE

GfK
The GfK Association was established in 1934 as a non-profit organization for the promotion of market research. Its membership consists of approximately 600 companies and individuals. The purpose of the Association is to develop innovative research methods in close cooperation with academic institutions, to promote the training and further education of market researchers, to observe the structures and developments in society, the economy and politics that play a key role in private consumption, and to research their effects on consumers. Survey results are made available to the membership. The GfK Association is a shareholder in GfK SE.
Go to: http://www.gfk.com
Comment
Dubai Bunnies
Nice article, really enjoyed this one
Posted on 15 Aug 2017 10:00

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