(MENAFNEditorial)
Romania's retail market saw strong growth in 2014 as total household spending registered an forecast 5.2% increase. However BMI anticipates that the spending will decline by approximately 2.0% in 2015 and will not start rebounding by the end of the year. Romania's economy is struggling to grow as a result of pessimism demonstrated by both consumers and retailers. The construction sector and foreign direct investment are slowing down and the government is facing challenges to consolidate the budget which will resonate in the household spending. Despite this several retail chains are planning expansion in Romania in 2015 including new outlets and shopping malls. BMI expects that this large market will see more openings as we expect the government to fix budget problems GDP to grow and consumer optimism to recover during 2016-2018.
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One of the newest members of the European Union Romania remains at the bottom of the block in most of the economic indicators. Its GDP per capita is second lowest among 28 member states and 46% lower than the union's average. Nevertheless it is rapidly approaching the Western European average rising from 43% of EU average in 2007 to 54% in 2013. We expect Romania to sustain healthy growth rates in the long term and to continue approaching the European average. Unlike many Western European and especially Southern European countries Romania has demonstrated impressive growth and development figures during the past 10 years and as a country of 21.6mn people remains a promising market for retail.
Romania has a low concentration of the so-called "modern retail" chains offering good opportunities for the larger retail chains to establish themselves in the market. There are more than 122000 shops in the country but only 1.1% of them belong to retail chains with the rest being traditional family-owned small business outlets. There is little doubt that steadily increasing household income will...
Report Table of Contents:
BMI Industry View
SWOT
Retail SWOT
Political
Economic
Business Environment
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending 2011-2018
Table: Retail Sector Spending (%) 2011-2018
Table: Retail Sector Spending as a % of GDP 2011-2018
Table: Headline Retail Spending 2011-2018
Retail Sector Forecast
Food And Drink
Table: Food Drink & Tobacco Spending 2011-2018
Clothing And Footwear
Table: Clothing & Footwear Spending 2011-2018
Household Goods
Table: Household Goods Spending 2011-2018
Personal Care
Table: Personal Care Spending 2011-2018
Household Numbers And Income Forecast
Table: Household Data 2011-2018
Table: Labour Market Data 2011-2018
Demographic Forecast
Table: Total Population 2011-2018
Table: Population: Babies 2011-2018
Table: Population: Young Children 2011-2018
Table: Population: Children 2011-2018
Table: Population: Young Teens and Older Children 2011-2018
Table: Population: Young People 2011-2018
Table: Population: Older Teenagers 2011-2018
Table: Population: 21yrs + 2011-2018
Table: Population: Young Adults 2011-2018
Table: Population: Middle Aged 2011-2018
Table: Population: Urban 2011-2018
Macroeconomic Forecast
Economic Analysis
Table: Romania - Economic Activity
Industry Risk Reward Ratings
Central And Eastern Europe Risk/Reward Ratings
Table: Europe Risk/Reward Ratings
Industry Risk/ Rewards Ratings
Romania Risk/Reward Ratings
Rewards
Risks
Market Overview
Competitive Landscape
Glossary
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Rating Methodology
Table: Retail Risk/Reward Ratings Indicators
Table: Weighting Of Indicators
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