Bucharest, November 2019 – Romanian Technical Goods Market (TCG) reached 2,27 bn Euro in the first nine months of 2019, showing a 2,6% growth compared with the same period in 2018.
The biggest sector of the market, Telecom, had a 2% increase in the same period, up to the value of 989 million Euro. Major Domestic Appliances (MDA) registered sales of 471 million Euro, marking a 9,6% increase compared to the first nine months from 2018.
Consumer Electronics (CE) sector had a very good performance of 3,9%, reaching the value of 325 million Euro. However, the biggest sales rise came from Small Domestic Appliances (SDA), with a 10,9% increase and a value of 166 million Euro.
On the other hand, Information Technology (IT) sector continues to decrease in value by 9,5%, up to 287 million Euro. Same evolution for Office Equipment (OE) department, with a value of 23 million Euro in the first nine month of 2019, representing a decrease by 4,8% compared with the same period a year ago. Photo sector continues the decreasing trend also, reaching 15 million in sales, after a 7,6% drop compared with same period in 2018.
Total Q3 evolution looks slightly better, due to higher results from Telecom sector. Hence, TCG market showed a 3,2% increase in value, up to 839 million Euro, in Q3.
Telecom sector value was 366 million Euro, representing an increase of 6,6% compared with Q3 2018. MDA sales totalled 189 million Euro, showing a sales lift of 3,6% compared with same period in 2018. CE showed just a minor increase of 0,5%, up to 111 million Euro, while IT continues to decrease by 8,2%, down to 100 million Euro. SDA had a very good quarter with a 9,2% increase, to reach 61 million Euro, while OE managed to reverse the negative yearly trend, with a 0,2% increase to 8 million Euro. Not least, the photo sector continues the negative slope with a 4,6% drop in sales, to 5 million Euro.
The pdf press release has been replaced by the Category Insights chart below
|Q4 2018 M. EUR||Q1 2019 M. EUR||Q2 2019 M. EUR||Q3 2019 M. EUR||Q3 2019 / Q3 2018 / +/- %||Q1-Q3 2019 M. EUR||Q1-Q3 2019 / Q1-Q3 2018 +/- %|
|Consumer Electronics (CE)||220||106||109||111||0.5%||325||3.9%|
|Major Domestic Appliances (MDA)||215||128||155||189||3.6%||471||9.6%|
|Small Domestic Appliances (SDA)||87||52||53||61||9.2%||166||10.9%|
|Information Technology (IT)||168||101||86||100||-8.2%||287||-9.5%|
|Office Equipment (OE)||13||8||7||8||0.1%||23||-4.8%|
|GfK TEMAX ® Romania||1,170||700||737||839||3.2%||2,276||2.6%|