Pakistan Consumer Electronics Report Q4 2012
Business Monitor International, October 2012, Pages: 57
The Pakistan Consumer Electronics Report provides industry professionals and strategists, corporate analysts, electronics associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Pakistan's consumer electronics industry..
BMI expects the Pakistan consumer electronics market will grow by around 9% in 2012, with strong demand for smartphones, flat screen TV sets, and tablets providing growth, despite an expected slowdown in private consumption. The Pakistani consumer electronics market has considerable potential,
but this is constrained by a large grey market, poor IP protection, an unstable economic and security situation, and weak distribution channels. Reforming high national and provincial taxes and tariffs on products ranging from computers to prepaid mobile cards would boost the market. The long-term market drivers include a rising population and growing affordability and demand for consumer electronics goods is also influenced by trends from Middle Eastern markets.
Headline Expenditure Projections:
Computer sales:
US$309mn in 2011 to US$331mn in 2012, +7% in US dollar terms. Forecast in US dollar terms upwardly revised, despite a high level of illegal imports.
AV sales: US$645mn in 2011 to US$710mn in 2012, +10% in US dollar terms. Forecast in US dollar terms upwardly revised, with the main driver being demand for flat-screen TV sets.
Handset sales: US$750mn in 2011 to US$816mn in 2012, +12% in US dollar terms. Forecast in US dollar terms upwardly revised, but despite the popularity of smartphones, most handsets are sold at less than US$50.
Risk/Reward Rating:
Pakistan’s score was 28 out of 100.0, with low CE market and Country Structure ratings dragging down high Potential Returns. Pakistan took thirteenth place in our latest RRR table, but has potential to rise over time due to the size of the market.
Key Trends & Developments:
- The TV sets segment is forecast to grow at a CAGR of about 12% as consumers replace black and white, and analogue sets with colour and LCD models. About 49% of TV sets sold each year are still black and white. If the government is unable to crack down on smuggled goods, growth could be slower than this.
- PC vendors must contend with a significant segment of demand being met by imports of used computers from countries such as China. The government has denied reports it plans ban imports of used computers, which is a measure strongly opposed by local retailers. The price differential between an imported second-hand computer and a new one is considerable, according to local importers.
- In 2012, established brands will hope to regain some market share as a result of the government’s recent ban on imported handsets without IMEI numbers. Low-cost Chinese phones are understood to account for around 30% of the local handset market. According to retailer reports, although the ban hit sales of low-cost Chinese handsets, Chinese reacted quickly to the new circumstances. Meanwhile, established vendors are targeting the low-price tier with products offering dual-SIM support and other features that have proved popular for the low-cost brands.
CONTENTS 3
Executive Summary 5
SWOT Analysis 7
Pakistan Consumer Electronics Market SWOT 7
Pakistan Electronics Industry SWOT 8
Pakistan Political SWOT 9
Pakistan Economic SWOT 10
Pakistan Business Environment SWOT 11
Asia Pacific Risk/Reward Ratings 12
Table: Asia-Pacific Risk/Reward Ratings, Q412 14
Consumer Electronics Market 15
Computers 15
Table: Computers: Demand, 2009-2016 16
AV 18
Table: AV: Demand, 2009-2016 18
Segments 19
Mobile Handsets 20
Table: Mobile Handsets – Demand, 2009-2016 22
Consumer Electronics Industry 27
Table: Electronics Output, 2009-2016 27
International Trade 28
Challenges 28
AV 29
Table: AV: Production, 2009-2016 30
Industry Forecast Scenario 31
Table: Consumer Electronics Overview, 2009-2016 32
Macroeconomic Forecast 34
Table: Pakistan - Economic Activity, 2011-2016 38
Industry Developments 39
Government Authority 41
Competitive Landscape 42
Computer 42
Handsets 44
AV 48
Company Profile 50
Inbox Business Technologies 50
Demographic Outlook 51
Table: Pakistan's Population By Age Group, 1990-2020 ('000) 52
Pakistan Consumer Electronics Report Q4 2012
© Business Monitor International Ltd
Page 4
Table: Pakistan's Population By Age Group, 1990-2020 (% of total) 53
Table: Pakistan's Key Population Ratios, 1990-2020 54
Table: Pakistan's Rural And Urban Population, 1990-2020 54
BMI Methodology 55
How We Generate Our Industry Forecasts 55
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