Home Laundry Appliances In Saudi Arabia
December 6, 2021 ⚊ 1 Min read ⚊ Views 198 ⚊ BUSINESS
Having declined for the first time in eight years during 2020, retail volume sales of home laundry appliances will continue to fall (albeit at a significantly more modest rate) in 2021. In 2020, the economic shock of the pandemic was exacerbated by a rise in the rate of VAT from 5% to 15% that came into effect in July. This inevitably led to a sharp acceleration in the rate of unit price growth during the year.
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