Venezuela

Venezuela’s economy will contract again in 2020. The outbreak of COVID-19, the collapse in global demand for fuel, hyperinflation and severe structural weaknesses are only part of the reason for the continuing decline. Cash shortages, power shortages...

Latin America’s economy will fall fall sharply in 2020 due to the containment measures of dealing with COVID-19. The region’s consumer expenditure will also fall in 2020. Caribbean economies will lag behind other countries due to their excessive ...

Global shifts in gender, ageing, migration, housing and education are transforming the size, location and general make-up of households around the globe, with diverse implications for governments and companies. Households insights can help identify ...

The landscape in which businesses operate has an impact on the supply chains and regulatory matters while offering scope for innovation and new ways of doing business. Insights on key sectors directly related to the environmental sustainability of a ...

Latin America has great potential for investment, yet still faces severe issues with government instability, widespread corruption and terrorism. The region also has high tax rates deterring potential investment, however, continues improving systems ...

A stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism to understand the strengths ...

Understanding the structure and health of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact ...

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment or household type ...

Rapid population growth in Venezuela up to 2030 will be driven by positive, albeit declining, natural change. While the ageing trend is set to hasten, comparatively high birth and fertility rates and low life expectancy mean that Venezuela will ...

Latin America is the fourth largest region globally for sales of laundry care, and is predicted to be the third fastest growing over 2018-2023. Difficult economic conditions in some markets over 2013-2018 restricted growth, but there are many ...

Digital development in Latin America will bring new possibilities to the region and increase connectivity for most countries, but the region as a whole still has work to do to improve, lagging behind more developed regions and taking advantage of the...

Despite social, economic and political turbulence during the review period, sales of major appliances in Latin America returned to growth in 2018, with further growth expected in the near future. Much depends on Brazil, which, given the size of the ...

Growth of the global pharmaceuticals and medical equipment industry accelerated in 2018 on the back of strong performance of companies within Asia Pacific and Western Europe. Lucrative Asian markets, surging biologics production, and investment into ...

With over 40% of the region’s volumes, Brazil is the key market for spirits in Latin America. A severe recession in Brazil hampered growth in the region over the review period. This has been countered by other markets, notably Mexico, meaning volumes...

Air treatment products has seen a further decline in retail volume terms in 2018, continuing the negative performance seen throughout the review period. Shortages of foreign exchange prevented a continuous presence of recognisable brands, while ...

To maximise sales, companies are more inclined to import essential consumer appliances such as large cooking appliances, washing machines and fridges and as a result are neglecting dishwashers. In 2017, retailers had almost no units on sale, because ...

Due to tighter household budgets consumers are taking greater care of their food preparation appliances, in particular blenders, carrying out maintenance and looking for technical support. During the review period, there has been evidence of ...

As long as the current economic model remains unchanged the government is expected to continue exercising a monopoly on imports with it restricting access to foreign currency for importers and manufacturers. Furthermore, it maintains an oversight on ...

According to industry representatives, the retail volume decline seen in large cooking appliances in 2018 is being driven by lower demand due to tightening household budgets. Venezuelan households are having to dedicate more of their income to ...

Microwaves has the potential for growth in urban centres, where lifestyles are more hectic than in rural areas where cookers and wood stoves are still present. Dynamic lifestyles have changed the habits of Venezuelan consumers, who have embraced ...