Understand the cultural and socioeconomic influences that shape i...
Understand the cultural and socioeconomic influences that shape industry demand throughout Asia-Pacific, with local insight, market statistics and analysis ranging from strategic regional overview to in-depth coverage by country or city.
In 2024, home audio and cinema in Singapore is expected to maintain its downward trajectory in retail volume terms, with all categories set to see their sales fall. Several factors are contributing to this negative performance. Amongst the primary…
Home audio and cinema in South Korea will see a modest decline in volume terms in 2024, continuing the trend of the previous two years. Sales are being dampened by a return to busy, pre-pandemic lifestyles and the consequent return of consumers to…
Home audio and cinema continued to decline in retail volume and current value terms in 2023, a course that looks set to persist into the forecast period. Products such as hi-fi systems are seen as unnecessary for most Taiwanese, and increasingly…
Volume sales of home audio and cinema products in Thailand will continue to decline in 2024, due to changes in consumer lifestyles. With a large proportion of the Thai population moving away from rural villages to cities, many consumers are now…
Home audio and cinema in the Philippines is experiencing retail volume and current value sales decline in 2024. This trend can be attributed primarily to economic conditions and changing consumer preferences. Despite stronger GDP growth, there…
Demand for home audio and cinema in Vietnam continues to fall, largely due to the maturity of this category and weakening demand post-pandemic, particularly in major cities. When retailers in major cities such as Hanoi and Ho Chi Minh tend to save…
While home care registered moderate current value growth in 2023, constant growth was much more moderate, with volume sales actually falling. Continuing economic uncertainty as a result of Russia’s invasion of Ukraine, continuing supply chain…
Amid rising prices of essential foods and other basic necessities, the hike in prices of home care products added a new brden on people in 2023. In about nine months, almost all products such as detergents and toilet cleaners became pricier by 10 to…
Home care saw strong growth in 2023, largely due to more stable inflation during this period. Sales slumped in 2022 as prices rocketed but as prices stabilised in 2023 demand returned. With lower inflation, households also had more disposable income…
In China, retail value sales home care are estimated to have grown at a modest rate in 2023, after a recovery in 2022. Due to the resurgence of COVID-19 in early 2022, many cities and regions in China implemented strict control policies, forcing…