Home Add to Favorite Contact Submit  
           14 May, 2021

Category:  Press » Technology


GfK Asia Reports Asian IT Retail Market Excelling Against Global Economic Crisis

         Views: 1320
2008-08-07 06:42:09     
GfK Asia

GfK Asia releases its 2008 Mid- Year Pan Asian IT Retail Data Summary, which highlights the trends of positive growth in the region's IT sector in direct contrast to the gloomy backdrop of the global economy. The report contains detailed data from nine ( please refer to editors notes) Asian countries showing mid-year figures for 2008 against the same period in 2007. The report covers personal computers (PC), both desktop and notebooks; monitors, printers and multifunctional devices.

Amidst economic market fears, GfK Asia retail PC market findings for the first half of 2008, which covers both notebooks and desktops, shows retail sales are up an average 19% in volume across the nine countries surveyed with sales totaling approximately 8.7 Million units for the region. The region's total retail sales value increased 21% over the same period in 2007, to just over USD 6.7 Billion. Vietnam, a country fighting double digit inflation and massive labor strikes, still managed to lead the way in both volume and value showing a 53% increase in retail PC units sold from 174,000 in first six months of 2007 to over 266, 000 from January to June 2008. Vietnam's PC retailers took in an additional 48% revenue in this sector with retail sales for the first part of 2008 of approximately USD 175 Million against approximately USD 120 million the same period in 2007. Singapore and Hong Kong also showed unprecedented increases in retail sales volumes for the first half of 2008 -- Singapore consumers purchased an additional 34% over the same period in 2007 and Hong Kong retail sales of PC's grew by 26% year-on-year.

Across Asia, desktops continue to hold the lion's share of volume with retail sales at nearly 4.75 million accounting for more than 55% of total PC sales in the first half of 2008. However, notebooks have narrowed the gap immensely, coming in with an unprecedented 4 Million notebook purchases, which is a 50% increase over units sold in Asia against the same time last year. This increase in retail sales meant that Asian consumers spent approximately USD 3.8 Billion on notebooks in the first half of 2008 alone, a 39% increase over the same period in 2007. GfK Asia forecasts that emergence of the netbook as a new segment into the portable PC market will close the gap to bring the total PC market to a 50/50 (desktop/notebook) scenario by year's end.

"Contrary to popular belief, desktop sales are not at a dead end. If we consider that there has been a negligible drop in the average price for the desktop for over 12 months -- for example, the average retail price of a Singapore desktop actually increased 3.3% from 2007 to 2008, in Hong Kong we saw a slight drop of just about 4%- yet retail sales figures remain solid with a total Asian market value of approximately USD 3 Billion in the last six months." Comments Gerard Tan, Commercial Director IT, GfK Asia. "If you lay the stable desktop prices against the falling notebook prices, in Singapore at almost -10% and Hong Kong at -13% between first 6 months 2007 and 2008, we can see why consumers are currently drawn to purchase notebooks leading to the increase in total volume. While notebooks do provide competition, it would be premature to count the desktop out."

During the first half of 2008, GfK Asia reports Vietnam had the greatest increases in retail volume and value for both desktops (Volume increase 38%, Value 31%) and, notebooks (Volume increase 109%, Value 81%) against the same period in 2007. Singapore retail figures showed surprising growth in both retail desktop sales with 28.6 thousand units sold which equals to a 22% increase over the first half of 2007. In Singapore, notebooks sold almost 4 times more than desktops in retail with just over 112 thousand units reported sold.

GfK Asia also reports a -2% drop in unit sales of stand alone monitors across Asia. The total market segment generated just over USD 312 Million in the first six months of 2008 with total retail unit sales nearing 1.4 Million, a 9% increase over the same period in 2007. Developing countries such as Indonesia and Malaysia buoyed up the total Asian figures with double digit growth in both volume and value while Singapore (Volume -32%, Value -28%) and Hong Kong (Volume -35%, Value -27%), home to a more technical savvy consumer, reported significant retail sales drops. This goes hand-in-hand with the increase in retail sales for notebooks in these two countries which explains the lack of drive to purchase stand alone monitors.

GfK Asia mid year retail figures show multifunctional printers are on the rise in Asia. With a 10% year-on-year increase in volume figures, multifunctional devices are gaining ground- taking 45% of the total printing market with sales of 1.7 million units in the first half of the year. However, single function printers still account for 55% of Asia's total printer market, and maintained a higher actual sales volume of just under 2.2 million. This represents a drop (-7) from last year's sales during the same time period. Thailand has reported the most significant increase in multifunctional printer adoption with an increase of 42% as compared to the first half of 2007. Approximately 600,000 units, accounting for almost 35% of all multifunctional printers purchased in Asia in the first 6 months of the year were purchased in Australia. "While the retail sales figures for single function printers remain strong, they do continue to decline slightly as multi functional devices capture consumer interest due to their convenience and value for money." Added Mr. Tan.

Editors notes:

-- Countries surveyed for PC, monitors and Single function printers include China, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, Vietnam, Indonesia, and Australia.

-- Countries surveyed for multi functional devices are China, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, and Australia.

Survey data available upon request.

Media Contact:

Lisa Williamson

Bryant Williamson Communications

Tel: +65-9100-4097

Specialized in: Gfk Asia - Asian It - Market Excelling - Global Economic Crisis
Print press release      Bookmark this page
Related Press releases 
Artis Launches a New Website for a Better Shopping Experience (Popularity: ): Artis is a new-age brand for audio products that provide listeners a clear, rich, and powerful experience.Mumbai, Maharashtra - India | December 10, 2020 -- Artis is a new-age brand for audio products that provide listeners a clear, rich, and powerful experience. Launched in June 2020, the brand has started a new journey amid the coronavirus pandemic and yet are set on the right direction. The brand launched its new ...
Microchip Expands Adaptec SmartRAID Product Portfolio with New Entry-level Adapter (Popularity: ): New Delhi, June 30, 2020 — To support cloud, enterprise and workstation customers that require the robustness and performance of hardware RAID at an entry-level cost point, Microchip Technology Inc. (Nasdaq: MCHP) announces the Adaptec® SmartRAID 3100E RAID adapters which are designed to provide reliable hardware RAID protection for customer data in cost-sensitive end applications. The SmartRAID 3100E provides over 60 percent performance acceleration over Microchip’s prior-generation Adaptec Series 8E ...
Cloud Analogy announces a webinar on Out-of-the-box LWC Solutions For Your Business (Popularity: ): Dover, DE, May 15, 2020 - Cloud Analogy, the world's premier Salesforce Development Company, has announced that it will be hosting a free, online webinar on Out-of-the-box LWC Solutions For Your Business, which will be held on Thursday, May 28, 2020, at 3 PM GMT.The webinar will be presented by the top Salesforce certified experts Akshay Dhiman, Chief Technology Officer at Cloud Analogy, and Rajat Jaiswal, Certified Senior Salesforce Developer ...
Munich service robot can provide support during the COVID 19 pandemic (Popularity: ): Munich, Bavaria ( press.abc-directory.com ) April 8, 2020 - The technology company Robotise wants to help quickly alleviate current staff shortages in hospitals, doctors' practices and nursing homes.The company is modifying its JEEVES service robot for this purpose. The 1.10-meter-high robot has been used primarily for minibar and room service in hotels until now. But the robotic butler will now be used as an autonomous assistant for the health sector. ...
SWAT Environmental Announces Acquisition of Radon Specialists, Inc. (Popularity: ): New Berlin, WI (September 12, 2019) Soil, Water, and Air Technologies / SWAT Environmental, is pleased to announce the acquisition of Radon Specialists, Inc. of Wisconsin. The acquisition will make SWAT Environmental the leading radon mitigation and testing company in the midwest and further grow their national footprint. SWAT has been in business since 1988 and is the nation’s largest and most experienced radon mitigation company."We’re thrilled for the opportunity ...

Related Business 
Photokore - Stock Photography and Illustration for Asia, by Asia (Popularity: ): Photokore is a royalty free stock photography site dedicated to offering the best Asian images to the world, and high quality global images to the Asian market. Photokore is Asia-Pacific's first creative community website that is focused on the needs of users in the region.
Asian Development Bank (Popularity: ): Based in Manila, the Asian Development Bank is a multilateral finance institution that promotes economic and social progress in the Asia-Pacific region. It is jointly funded by 57 member governments, including 16 from outside Asia.
Asian Demographics (Popularity: ): Sells reports giving long term forecasts of the Demographic and Socio Economic nature of Asian Countries.
Global, International Research and Consulting (Popularity: ): Branding, identity, positioning, and Internet market research in English, Spanish, and most Asian and European languages in the United States, Latin America, Asia and Europe.
South Asia Trading, Inc. (Popularity: ): South Asia trading is a U.S based handicraft and handmade craft company. They sell different kind of Asian handmade lacquerware to USA market. The company collects all the craft from Asian artists with ensuring high quality, current company is selling, ship in a bottle, decorative plates, jade bracelet, wooden puzzle boxes, horn combs and stone bracelets. South Asia Trading provides all product that are handmade and beautifully handicrafted.
Asian Development Bank (Popularity: ): A multilateral finance institution that promotes economic and social progress in the Asia-Pacific region.
RnR Market Research (Popularity: ): RnRMarketResearch.com, an online repository of market research reports, offers in-depth analysis of over 5000 market segments. RnR Market Research library has syndicated reports by leading market research publishers across the globe. In addition to ready-to-buy syndicated research studies, we also offer customzed market research reports for multiple industries, covering, (but not limited to) telecommunication, healthcare and pharmaceutical, financial services, energy, technology, real estate, logistics, food and beverages and media, focused ...
Asian Development Bank (Popularity: ): A multilateral finance institution based in the Philippines that promotes economic and social progress in Asia and the Pacific.
IMS Health Incorporated (Popularity: ): The IMS Store delivers quick, affordable and trusted market intelligence for small and emerging pharmaceutical companies and organizations with an interest in the global healthcare industry. Our report selections can be downloaded immediately to obtain instant market, therapy and country insights. Our reports includes Country Reviews, OTC Country Reviews, Market Prognosis, Special Reports, Therapy Reports, and Pricing & Reimbursement Reports.
Asia Pacific Digital (Popularity: ): Asia Pacific Digital - Powering digital commerce in key Asia Pacific markets. Asia Pacific Digital is building market-leading positions across the digital services value chain through its seven wholly and partly-owned businesses: Next Digital, dgm, Empowered Communications, Jericho, SMART, Interface IT and CWA. With 750+ team members in eight countries throughout Asia Pacific, we serve the needs of more than 1,000 local, regional and global clients.