New Market Report: Home Audio and Cinema in Venezuela
Most of the products in this category are imported and subject to the import policy and therefore have higher prices. Current value growth of home audio and cinema in 2012 was consequently 38% in 2012 and 33% in 2013. According to an interview with a leader of industry during 2012, CADIVI reduced the approval to obtain foreign currency. This situation is pushing up prices as importers have to buy dollars on the black market to try to meet demand, which...
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