In Q1 2010, electronics markets (CE, IT, Photo, & Telecom) benefited from significant recovery in the majority of worldwide regions, says GfK.
Asia Pacific grew 13% in value after a decrease of -1%. Latin America, after a decline of 19%, recovered to +38%. Africa and Middle East grew about 15%
But this picture is in stark contrast to our European Market.
W. Europe showed slow growth of 4%, while E. Europe, expected by many to increase, continued to decline by -12%. Maybe less catastrophic than the -24% between the same period in 2008 and 2009, but disappointing.
Last year same quarter, out of Top 10 product categories, only four showed positive growth: LCD TVs (+12%), Laptops (+3%), Consoles (+7%) and Smartphones (+127%).
This year 8 out of 10 most important products are up when compared to Q1 2009. Some other products follow the same trends: Portable Media Players (+1%) and Home Audio Systems (+6%).
After Q1, this trend continues: compared to April 2009, every region in 2010 experienced an increase, except E.Europe, which declined -8%.
The global electronic market increased by 14% (in euro terms) in April 2010. This situation projects a promising future for the upcoming months.
Developed markets such as W. Europe are struggling to reproduce a positive trend and according to the CEA, the situation is the same for No. America. The growth is from emerging regions (China +16%, Brazil +42% but also India +11%).
While the positive results for Q1-2010 are certainly a reason for optimism, GfK-Digital World believes that if the market expects to reinforce this revival in growth, manufacturers will have to create not only new technologies, but new usages as well.
Go GfK Retail and Technology's 'Digital World'
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