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Flat Panel TVs & Digital Cameras to Grow in Canada in 2008
Jul 1, 2008
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Sales of digital cameras and televisions in Canada were strong in 2007, with growth predicted in 2008, according to the report, 2008 Consumer Electronics Market Trends and Forecast, by the Consumer Electronics Marketers of Canada (CEMC), an Electro-Federation Canada (EFC) council, and the Canadian Imaging Trade Association (CITA). The report reveals the rise in sales of digital cameras was up almost 25% in 2007 over the previous year, with manufacturers shipping almost 3.8 million digital cameras to Canadian retailers. The sale of digital cameras in 2008 is projected to increase to 3,952 units. In the Canadian television market, CEMC reported 2007 as a solid year of growth for television shipments in Canada. Sales surpassed the 3 million mark in 2007, an increase of 2% from 2006 levels. Over the past three years, the sale of Flat Panel Plasma and LCD Televisions have grown to account for 69% of the total television sales market (2007), drastically up from a mere 6% back in 2004. The 2008 forecast has been pegged at 83% of the total televisions shipped in Canada. Flat Panel shipments surpassed the 2 million mark in 2007, finishing at 2,098,000 units. CEMC’s Flat Panel forecast for 2008 is 2,750,000, a 31% increase over previous year.

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