New Market Study Published: Heating Appliances in Hungary
Similar to air treatment products, demand for heating appliances is highly seasonal and influenced by weather conditions. Accordingly, a colder than usual winter was one of the main drivers of growth in volume sales for this category in 2011. However, due to the lingering effects of the economic crisis and comparatively long product replacement cycles, volume growth was down on 2010, and also slower than the CAGR for the entire review period. Growth in current value sales meanwhile equalled...
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