New Market Report Now Available: Indonesia Consumer Electronics Report Q3 2013

Indonesia's consumer electronics market is forecast to grow around 10% in 2013, driven by economic growth and strong demand for smartphones and flat-panel TV sets. BMI has downwardly revised its growth expectation for Indonesia consumer electronics in 2013, as a result of new import regulations introduced in March 2013. However, the consumer story in Indonesia continues to be one of the brightest in the world and Indonesia's consumer electronics market remains one of the most untapped markets in Asia.

In 2012, strong wage growth continued and we expect private consumption to grow by a solid 5.5% in 2013 after expanding by 5.4% in 2012, although we note that the Indonesian consumer could eventually be hit by external factors should conditions in the global economy deteriorate further. Despite the challenging nature of distribution in the country, due to its archipelagic structure, a PC penetration rate of less than 20% and digital camera household penetration of less than 20% offer a continued growth opportunity.

Full Report Details at
- http://www.fastmr.com/prod/607157_indonesia_consumer_electronics_report_q3_2013.aspx?afid=301

Headline Expenditure Projections

* Computer Hardware Sales: US$4.1bn in 2012 to US$4.4bn in 2013, +8% in US dollar terms. Forecast in US dollar terms unchanged and growing affordability and credit availability are driving sales in the consumer segment.
* AV Sales: US$4.5bn in 2012 to US$5.0bn in 2013, +13% in US dollar terms. Forecast in US dollar terms unchanged but the flat-screen TV set market continues to grow strongly year-on-year (y-o-y).
* Handset Sales: US$5.3bn in 2012 to US$5.8bn in 2013, +8% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst adjustment but smartphones are now accounting for above 20% of the local handset market.
* Risk/Reward Ratings: Indonesia's score is 48.2 out of 100.0. Indonesia ranks 10th in the Asia region in our latest RRR table, ahead of regional peers such as the Philippines and Thailand. Indonesia's vast size and currently low penetration across a range of consumer electronics product categories should see the country rise in the rankings over time.

Key Trends & Developments

* Indonesia is again expected to be one of the fastest-growing regional PC markets, continuing the doubledigit growth of recent years. Rising PC penetration points to exceptional growth potential with the main drivers being growing affordability and more credit availability. The release of a new generation of Windows-8 based devices should drive upgrades in 2013. However, new regulations on imports of notebooks, tablets, smartphones and other devices will lengthen time to market and were expected to lead to slower growth or even a short-term contraction in demand.

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