Refrigeration Appliances in Brazil

2020 IMPACT

COVID-19 damages consumer confidence in 2020

When COVID-19 was first reported in Brazil, consumer confidence was already shaken – and struggling to recover – due to the last major economic crisis in 2015/2016. Nevertheless, before the outbreak, unemployment rates were just starting to decline and 2020 seemed like it would be a positive year for starting another intense replacement cycle within refrigeration appliances – especially with so many new product launches focusing on connected devices.

Government’s financial aid support many families to get their first refrigeration appliance

While middle-income consumers adopted a more cautious approach to spending, the availability of the federal government’s financial aid of BRL600 was a game changer for many lower-income consumers some of whom used the money to acquire their very first refrigeration appliances – especially those which are entry level. For many households, the money was considered as a welcome bonus, not necessarily to be used to purchase basic items like food, beverages, and personal hygiene products, but also for basic appliances for their homes, with refrigeration appliances being one of the key beneficiaries.

Electrice wine coolers/chillers gain relevance due to home seclusion

With home seclusion, new drinking and eating habits were seen among many households, especially higher-income ones. One of the most significant of these was an increase in wine drinking.

Samsung launches its Evolution fridge freezer in Brazil

Positioned as the first fridge freezer with POWERvolt® technology, Evolution’s main selling point is its greater electricity efficiency. Apart from being more resistant to volatility in the electricity supply – bearing variations of 90v to 310v – the product also features Digital Inverter™ technology, which automatically adjusts the compressor speed, according to the demands of the unit.

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