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July 28, 2014

Haier Encounters New Challenges

Jamie_KoAnalyst Insight by Jamie Ko - Head of Consumer Appliances

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It has been two years since Haier Group enjoyed the status of top global manufacturer within major appliances, after acquiring Fisher & Paykel in 2012. Thanks to the fast and continued growth of the Chinese economy, Haier has been able to gain share, with its long-established position in its domestic market. However, the cessation of the subsidy program in 2013 is likely to shrink Chinese consumer confidence and demand for appliances in 2014 or even longer. Additionally, the economic growth of China has resulted in wage and production cost increases, which will not be beneficial for Haier as a Chinese manufacturer. To add to its challenges, the recent acquisition announcement of Indesit Co Spa by Whirlpool Corp indicates heightened competition and Whirlpool is likely to win back the status of top manufacturer in major appliances. Should Haier start to press the panic button and if so, what are its solution options?

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Smaller Emerging Markets Still Shine in 2014

Risks outweigh opportunities for emerging markets in 2014 and major emerging markets have all seen their growth prospects revised downwards since January. However, smaller Asian and African economies including Chad, Rwanda, Mongolia and Myanmar will be the top performers and some economies including Peru and the Philippines will also put in a strong performance.

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July 27, 2014

In Focus: Income Inequality between Men and Women to Worsen in Asia Pacific

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Manager

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The gender income gap is a highly relevant consumer market barometer, one that companies cannot afford to ignore when assessing market potential and making business decisions at all stages, from market entry and product development to marketing and advertising. Women are already the key decision maker for many purchases within the household, and today’s modern female consumers with their rising incomes are driving a greater share of consumer expenditure. Euromonitor International forecasts that in 2030 the largest income gap between men and women will be in the Middle East and Africa, although Asia Pacific will be the only region with deteriorating gender income inequality in the period through to 2030.

Gender Income Gap.jpg

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July 26, 2014

Emerging Markets Among Highest Growth in Employment in Finance

Emi_employmentFinance-v1.2

Finance is a key sectors globally for producing top earning consumers who can afford luxury discretionary goods across all sectors of the consumer goods industry. While developed markets including Germany and the UK saw their employment in finance reduce from 2003-2013, emerging markets such as South Africa and the UAE are seeing among the biggest rises in this employment sector globally, from 2.8% and 1.1% of their total employed populations respectively in 2003 to 5.3% and 5.0% in 2013.

 

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July 24, 2014

Video Games Forecast Evens Out In Developed And Emerging Markets

Emi_VG2014ed-v1.0-01

Globally, video games is forecast to grow by over US$23 billion from 2013-2018; however, the majority of this growth will come from only 10 markets.  Within these markets, only emerging markets are expected to see double-digit growth, whilst the US stands on its own in absolute terms, contributing over a quarter of forecast sales globally.

 

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Gender Comparison of Key Body Issues

Emi_bodyIssuesGender-v1.2-01

A comparison of key body issues among men and women, using the results of Euromonitor International's Personal Appearances survey drawn from 6,600 online consumers in 16 major markets in 2014.

 

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July 23, 2014

Top 3 Emerging Internet Markets in 2014

Pavel_MarceuxAnalyst Insight by Pavel Marceux - Technology, Communications and Media Analyst

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Euromonitor International has identified the top three emerging Internet markets in 2014, based on growth rates in annual digital indicators such as online adspend, e-commerce, Internet users and mobile Internet subscriptions. The online markets to look out for in 2014 are Vietnam, Chile and Iran, as improved local telecom infrastructure, growing IT literacy and greater adoption of new technological platforms are driving more consumers to the web. Improved conditions for the growth of domestic Internet start-ups, clearer regulatory oversight regarding web commerce and cheaper costs of telecom services are allowing more businesses to launch or expand their online offerings.

E-Commerce Value and Internet Users in Vietnam, Iran and Chile: 2014

Source: Euromonitor International from trade sources/national statistics/International Telecommunications Union/OECD

Note: Figures are forecast

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Open-Loop Pre-Paid Cards: The Fastest Growing Card Function

Kendrick SandsWith Kendrick Sands, Analyst - Consumer Finance

Open-loop pre-paid cards, which are network branded payment cards that do not have a limited pre-defined acceptance network, are the fastest growing card type in the world. These cards have proved their ability to replace cash and electronic transfer channels in several instances including government benefits and traveller’s cheques. Open-loop pre-paid cards can also help the unbanked and financially underserved by offering an alternative to traditional financial services and as a stepping-stone to other products and services.  

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China Overtakes the US as the World's Largest Economy

China is set to overtake the US as the world's largest economy in 2014, with a significant impact on consumers and industries. Learn which industries will be the most affected and why by watching this video and downloading Euromonitor's latest whitepaper.

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Champagne and Problems Bubbling Beneath the Surface: Post-Recession Sales Decline and Growth in Sparkling Wine

Spiros_MalandrakisAnalyst Insight by Spiros Malandrakis - Senior Alcoholic Drinks Analyst

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According to Pierre-Emmanuel Taittinger, outspoken president of the eponymous champagne house, "Champagne's stiffest competition comes not from other sparkling wines but from Viagra". If there ever was a sentence encapsulating the category’s inherent contradictions, emotional gravitas and effervescent overconfidence, that would be it.

Reality is unfortunately less lyrical. According to Euromonitor International’s latest research, global champagne volumes declined by more than 1% in 2013 – a relative improvement compared to the moribund performance of 2012 but still nowhere near the heady heights of pre-recessionary exuberance. And while an inverse correlation between Viagra sales and champagne is yet to be established, other sparkling wine’s seemingly unstoppable advance is highlighting the dangers of competition coming from Cava and Prosecco rather than pharmaceutical companies.

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Recent Posts

Haier Encounters New Challenges

Smaller Emerging Markets Still Shine in 2014

In Focus: Income Inequality between Men and Women to Worsen in Asia Pacific

Emerging Markets Among Highest Growth in Employment in Finance

Video Games Forecast Evens Out In Developed And Emerging Markets

Gender Comparison of Key Body Issues

Top 3 Emerging Internet Markets in 2014

Open-Loop Pre-Paid Cards: The Fastest Growing Card Function

China Overtakes the US as the World's Largest Economy

Champagne and Problems Bubbling Beneath the Surface: Post-Recession Sales Decline and Growth in Sparkling Wine