Microwaves in Colombia

2020 IMPACT

Microwaves sees declines due to consumers not purchasing non-essential items, along with an ongoing negative image

Sales of microwaves continue to decline in 2020, as consumers avoid what they deem to be non-essential purchases, instead preferring multifunctional appliances such as multicookers and air fryers. The decline of non-essential purchases has been further exacerbated by reduced consumer spending power due to COVID-19, placing further pressure on the category.

Ongoing technological developments required to improve the image of microwaves

In order to improve the image of microwaves, it is important that players continue with technological developments. Technology such as inverter and sensor technology, as well as the aforementioned multifunctional cooking features, have already been embraced by large brands in Colombia, such as LG (LG Electronics Colombia Ltda) and Panasonic (Panasonic de Colombia SA); while others such as Samsung (Samsung Electronics Colombia SA) are enhancing ceramic interiors with antibacterial agents, to assist with maintaining cleanliness of the models.

HACEB maintains lead thanks to extensive portfolio covering all price points

Industrias HACEB SA maintains its lead in microwaves in 2020, with its namesake brand holding a strong lead on its closest competitors, despite losing shares. Its top place is thanks to an extensive portfolio which covers all price ranges and consumers consider the company's products to be of good quality, recognising HACEB as a traditional and increasingly environmentally-friendly brand.

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