(MENAFNEditorial)
The Peruvian retail sector is set to continue to be one of the fastest growing in the region as the economy is becoming increasing open to foreign investment driven by government policy and consumer demand. Our forecasts over the next four years support this view as we expect to see a rise in total household income motivated by a growing middle class rising household income and purchasing power.
Overall the country's economy has performed well over the last years and a positive rate of growth looks set to continue over the next four years which will assist development of the retail sector. Comparatively there are sub sectors which we forecast will see greater development as total household spending is growing faster in these sectors. The sector accounting for the largest percentage of total household spending in the retail market is recreation and culture; its position will be reinforced as we expect this will also be the sector to experience the greatest rate of growth over the forecast period. Whilst claiming a relatively small proportion of total household spending the communications sector is expected to achieve the second highest growth rate. Growth in both of these sectors is indicative of a change in consumer habits as demand is shifting towards non-necessity goods and services.
Full Report Details at
- http://www.fastmr.com/prod/924247_peru_retail_report_q1_2015.aspx?afid=101
Driving this trend is the forecasted increase in household income over the next four years having significant implications on the number of households falling into the USD10000 plus bracket. Peru's burgeoning middle class reflects the rising affluence of the entire country as total household income is set to experience an overall increase and supports our upward projects for non-necessity goods and services. As tax and social contributions look set to remain the same until 2019 and moderate inflation rates are predicated households will benefit from increased disposable income and a rise in consumer confidence which will strengthen their purchasing power....
The Peru Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects including consumer spending and private sector investment.
BMI's Peru Retail Report also examines the level of development and potential for growth of the retail sector the commercial initiatives of major players changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail autos over-the-counter pharmaceuticals computers and consumer electronics.
Key Benefits
* Benchmark BMI's independent retail industry forecasts for Peru to test other views - a key input for successful budgeting and strategic business planning in the Peruvian retail market.
* Target business opportunities and risks in Peru through our reviews of latest industry trends regulatory changes and major deals projects and investments.
Coverage
BMI Industry View
Summary of BMI’s key forecasts and industry analysis plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the retail sector and within the broader political economic and business environment.
BMI Industry Forecasts
There are four separate 5-year forecast modules in the retail reports. These are:
Headline Retail Forecast: Total Household Spending (US$bn and local currency % growth % GDP per capita per household); Spending by Retail Sector for: food and non-alcoholic drink alcoholic drink clothing and footwear housing and utilities furnishings and home health transport recreation education transport restaurants and hotels personal care and insurance (US$bn and local currency % growth % GDP % of total spending)
Retail Sector Forecast: Breakdown of Food Non Alcoholic Drink Alcohol Tobacco Clothing Footwear Household Goods Furnishings Appliances Glass and Tableware Household Textiles Consumer Electronics Garden Toys and Pets Home and Garden tools Personal Care Personal Effects Spending (US$bn % Growth);
Household Income and Numbers Forecast: Number of Households (‘000% growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes – US$5000+ US$10000+ US$50000+ (‘000 % of total); labour force employment and unemployment (‘000 % change)
Demographic Forecast: Total population; Babies 0-12 months; Young Children 0-4yrs; Children 5-9yrs; Young Teens and Older Children 10-14yrs; Older Teens 15-19yrs; Adults 21yrs +; Young Adults 21-29yrs; Middle Aged 40-64yrs (‘000 % growth male female); Urban Population (‘000 % population); Rural Population (‘000 % population).
Industry Risk Reward Rankings
BMI’s Retail Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors in the regional retail market.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points.
Market Overview
Provides a detailed country-specific analysis of the key trends and developments in the retail sector as a whole as well as an assessment of the main drivers affecting the major retail segments including mass grocery retail fashion pharmacies consumer electronics home improvement and personal care.
The market overview also considers the most effective store formats in a given country and the impact of these factors on the main international and domestic players’ development strategies.
Competitive Landscape
This provides a brief overview of the key players in each subsection of the retail sector including MGR Fashion Home Improvement Consumer Electronics Pharmacies and Department Store chains.
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