Given its connection to real estate in Chile, which is an extremely dynamic and ever-growing market, demand for large cooking appliances is expected to grow over the forecast period. As the residual effect of the pandemic in consumers’ minds wanes, Chileans will be able to better plan their financial investments, including the purchase of new apartments, either for investment (rent) or for living on their own, driving sustained growth of large cooking appliances in the coming years.
The biggest threat for incumbent players is the further entry of Chinese brands. Chileans have an open mind when it comes to purchasing products of Chinese origin, including large cooking appliances, even more so than Latin American counterparts.
With political instability still looming over Chile, players are being careful with their inventory management, as inflation is leading to price increases in most consumer appliances, while the immediate future of the international supply chain remains uncertain. This scenario is likely to encourage consumers to choose economy products, relinquishing more specific features for better prices, despite Chile being known as an attractive market for premium products.
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Understand the latest market trends and future growth opportunities for the Large Cooking Appliances industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Large Cooking Appliances industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Large Cooking Appliances
The large cooking appliances includes freestanding cookers, built-in ovens, built-in hobs and cooker hoods.See All of Our Definitions
This report originates from Passport, our Large Cooking Appliances research and analysis database.
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