Consumer electonics market to grow by 1.8%

Poland's home appliance and consumer electronics market is expected to grow by 1.8% this year reaching PLN 23.2 billion. In 2014, the market shrank by 2.5%, market researcher PMR said in a report.

"Lack of visible positive impulses will, according to our forecasts, result in only low growth of this market this year," PMR said. The appliance and consumer electronic market is characterized by a large consolidation. The five biggest players stand behind of nearly 70 percent of sales. In 2014, the value of the market declined due to high base created by discontinuation of analogue TV broadcasting in prior years.