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September 17, 2021 7:49 am
2020 is not that far away from us to remember how a tiny simple face mask was few cents in January and couple of euro just weeks apart. Why? Simple – because the demand got exponential and the stocks were limited.
Once the Covid 19 pandemic installed – every shop / wholesaler / manufacturer of large home appliances sold what they had in stock – and at that moment – the market was full of stock, that much that we were getting emails from our clients asking to pay 10 – 15% of the RRP for a washing machine.
Now – the stock is scarce and the prices are getting higher and higher and we got the returned stock to be sold for increased price of 30-40% RRP and the future isn’t bright from this perspective.
Everyone knows the transport costs from China to EU is almost 3x now plus the prices of the spare parts got to an incredible high level also – and this will reflect in a big increase of prices for the large home appliances, and to be honest – everyone is expecting at around a +40-50% price increase.
And if we look around food prices increased, the construction materials: steel & wood & cements etc – soared also.
Costs of living continue to increase rapidly and the inflation is going to go further over the next few months.
Now it is the purchase time – as the profit will come for sure in the next 18 to 24 months – as on the market – there are only few lots left at discounted rates.