Consumer lending in Argentina has been significantly impacted by the COVID-19 outbreak, with self-isolation and lockdown measures making it difficult for consumers to apply for loans. Consequently, many people postponed purchases of some non-essential goods, although various government programmes helped to support demand. The economic situation is thus precarious, with the risk of unemployment looming closer than ever for a growing share of the population. In addition to growing pressure on…

Unlike debit and credit cards, in Argentina charge cards has not benefited from the shift away from cash among consumers fuelled by COVID-19. The pandemic brought the majority of business travel to a halt in Argentina, both nationally and internationally, as government travel restrictions and company no-travel policies were implemented. This consequently led to a significant decline in the use of commercial charge cards, which are often used for travel and hotel bookings.

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The substantial drop in inbound arrivals along with the introduction of mandatory quarantine measures from 1 April led to most lodging operators seeing extremely low occupancy rates during the first quarter of 2020. Hotels typically popular with groups of Chinese travellers have suffered most severely as inbound arrivals from China nosedived. Operators continue to actively promote their services to domestic travellers in order to survive the pandemic and remain keen to emphasise the…

Global travel restrictions have severely negatively impacted airlines during 2020, and local airline operators have turned to focus on expanding domestic flights and offering them at promotional prices in a bid to convince South Koreans to return to the skies.

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With consumers in China already accustomed to using financial cards through third party payment platforms or direct electronic payment in many scenarios, this meant that they were well prepared in terms of using this technology during the COVID-19 pandemic and the lockdowns implemented to contain its spread. The COVID-19 outbreaks in the country strongly impacted consumer payment transactions during the lockdown periods. With most retail and service outlets closed during the lockdowns, this…

COVID-19 will be a mixed blessing for ready meals in Sweden, with conflicting trends pulling the category in different directions but ultimately having a positive impact. On the one hand, the boom in home cooking seen during the response to COVID-19 is expected to negatively impact sales of ready meals. Consumers spent more time at home in 2020, consequently having more time to make food with raw ingredients, reducing the need for ready meals. On the other hand, with home seclusion…

In response to the onset of COVID-19 in South Africa, there were numerous border closures, limits on intra-provincial travel and other restrictions on travel and movement mandated by the government that led to an immediate collapse of business activity in the travel industry early in 2020. Significant declines in value sales were posted as international and domestic travellers remained at home in order to avoid becoming infected and/or spreading the virus. Even as pandemic-related…

In line with other segments in South African travel and tourism, lodging is suffering considerably in 2020, with value sales declining at a significant double-digit rate as a result of the onset of the COVID-19, the subsequent pandemic-related restrictions and the ongoing imposition of new health-related rules and regulations. In short, there are far fewer travellers, particularly fewer inbound arrivals, demanding lodging in 2020 than in prior years. Negative results are expected to continue…

Border closures and other pandemic-related restrictions on air travel imposed in the early months of 2020 significantly affected the value sales performance of scheduled airlines, carriers which in many instances were already facing substantial financial challenges and, in some cases, liquidation. Indeed, even as restrictions are relaxed as 2020 progresses, recovery continues to be very slow, with scheduled airlines—the largest segment amongst airlines in South Africa—still enduring grounded…

The impact of COVID-19 on South Korea’s travel industry has been severe, with hotels either closed or operating at extremely low occupancy rates for much of 2020 and airlines suffering enormous losses as global restrictions wreak havoc throughout travel. Several operators have been forced to furlough or lay off staff and many businesses face bankruptcy. Car rental companies are suffering less than other players as for the most part they depend for business on local consumers rather than…

As the beauty and personal care world sees a growing interest in premium beauty, Johnson & Johnson’s mass-heavy portfolio is holding steady through its power brands Neutrogena, Aveeno and Listerine. While the company is seeing a slowdown in growth, J&J is looking to revitalise interest in its brands through new product innovations and launches.

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The spread of COVID-19 raised consumer awareness of Traditional Chinese Medicine, with the effectiveness of TCM against viruses being proven during treatment. Herbal/traditional formulated cough, cold and allergy (hay fever) remedies was the most sought after category during the panic stockpiling at the outbreak of COVID-19 in China, as illustrated by the surge in demand for Shijiazhuang Yiling Pharmaceutical Co Ltd’s Lianhua Qingwen Capsule and Guangzhou Xiangxue Pharm Co Ltd’s Antiviral…

The spread of COVID-19 raised consumer awareness of Traditional Chinese Medicine, with the effectiveness of TCM against viruses being proven during treatment. Herbal/traditional formulated cough, cold and allergy (hay fever) remedies was the most sought after category during the panic stockpiling at the outbreak of COVID-19 in China, as illustrated by the surge in demand for Shijiazhuang Yiling Pharmaceutical Co Ltd’s Lianhua Qingwen Capsule and Guangzhou Xiangxue Pharm Co Ltd’s Antiviral…

Spirits saw another incremental increase in total volume sales in 2019. Players made a notable push to get more products into the marketplace in an effort to increase the popularity of spirits and that push has had a modicum of success. As a result, established brands were seeing more competition from other products like the Martini brand in vermouth. At the same time, while the popular domestic drink mahia rabi amrane (“other” spirits) continued to be the dominant spirits type consumed in…

There were no sales of cider/perry in Morocco at the end of the review period, and this category’s market status is not expected to change over the forecast period.

Euromonitor International's Cider/Perry in Morocco report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2015-2019), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers…

In 2019, beer still accounted for the highest percentage share (more than 60%) of alcoholic drinks consumed in Morocco and the category overall was heading in a positive direction. Annual off-trade volume growth was stagnant rather than negative over the year for the first time during the review period after peaking in 2015 and has been lessening year on year since that time. Mid-priced lager continued to see the greatest demand, but over the review period, economy lager saw increasingly…

Red wine continued to drive growth and accounts for the largest percentage of wine produced in Morocco. Trade contacts estimate that red wine comprised approximately 88% of category in 2019, three quarters of which is done off-trade, which allows for a huge opportunity to capture more market share by diversification. Overall, Moroccan grape production accelerated in 2018 and 2019 and the category benefited from this growth. Still grape wine performs very well in the country, where it is…

Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Transport via Railways market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging…

Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Transport via Railways market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging…

Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Transport via Railways market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging…