The Belgian population, as in most Western countries, is aging while households get smaller. One of the consequences is a negative impact on food consumption.
The five traditional electronic panels (Consumer Electronics & Photo, Telecom, IT & Office, SDA, and MDA) end up at a modest +1% value increase, continuing the overall stable figures seen since the beginning of 2019 (+1,3%).
Halfway through 2019, the Belgian non-food market stabilizes. After a good start (Q1 booked a value growth of 2%), Q2 ends up at +0, 03%.
Already five years in a row the non-food market is showing positive results during the first quarter of the year. This year started well with a growth of +2% during the first three months compared to the same period of last year.
The Belgian non-food market overall showed positive results in Q4 last year, breaking with the negative growth of Q3. However, about half of the product categories covered by our panels are struggling, while the other half are in better shape.
The Belgian non-food market showed a minor decline in Q3. Continuing on the trend seen in Q2, about half of the non-food categories are struggling, while the other half show good growth.
Halfway through 2018, the Belgian non-food market seems to have stabilized in areas, although half of the product categories covered by our panels are in good shape and the other half are struggling.
At the end of 2017, the Belgian non-food market declined, slightly pulling down the overall yearly results. Our hopes that 2018 would start with a bang have not fully been met, however some areas (i.e. Telecom) increased their value tremendously.
During the final quarter of the year, full year results did not manage to go in the black. On the contrary, the non-food sales saw a decline of -2.8% in Q4, compared to the same period last year. This affects the results for the whole of the year, shrinking the value ever so slightly by 0.4%, compared to 2016.
Results in the red for the CE sector. Over the whole of 2017, value declines by -4%, driven by an even bigger loss in volume.
During the fourth quarter of 2017, the IT and Office Equipment market increased in value by almost +2%, for a total value of close to €558m. For the entire year of 2017, the increase was also +2%, for a total value of just over €1,995,000m.
The Telecom Business ends the year on a barely positive note with a value growth of 1.66% and in volume nearly a break-even (-0.41%).