Home appliance market set to decline

How did the electronics and home appliances market perform this year? That’s the question this year’s market players are asking, regardless of whether they are retailers, importers or dealers. More than ten months into 2004, most opinions are more pessimistic compared to earlier in the year. “The electronics and home appliances market will go down by 12-15% this year compared with last year. This is an adjustment caused by the fact that growth of the Romanian market in 2003 was 70-75%,” said Marius Ghenea, chief executive of Flanco International, the company that owns the Flanco chain. This opinion is shared by some of his main competitors. “A decline in the electronics and home appliances market will clearly take place this year. It will be between 10 and 15%,” predicted Razvan Iancau, marketing manager for Domo Retail, the owner of the Domo chain. ZF