In 2020, Australian consumer confidence remained low and incomes were devastated by the coronavirus pandemic. However, government stimulus packages helped Australian consumers - and some appliance segments grew as a result. Smaller appliances were boosted not only by lower unit prices, but also due to the fact that consumers spent more time at home. These trends also boosted the sales of food preparation appliances. 

How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.