(MENAFNEditorial)
The Chilean retail sector is to remain one of the most open and attractive within the region for foreign investment during our forecast period between 2015 and 2019. Consumer demand will be fuelled as disposable incomes rise as a result of the expanding middle class and falling unemployment levels. Our forecast that total household spending will increase during the period supports this view as well as highlighting opportunities for investment in the retail sector.
Within the region Chile boasts one of the strongest economies and coupled with its low barriers to entry it will continue to attract foreign retailers. From 2016 total household spending is expected to experience steady growth which will be reinforced by the percentage of the population earning USD10000-plus and the low rate of unemployment a reflection of the increasing affluence of the economy as a whole. As a result of this households will experience a rise in disposable income which we expect will contribute to a rise in spending on non-essential items in particular spending within the communications sector on recreation and culture and on transport are to experience the highest growth rates in 2015. Transport already claims a large portion of total household spending and we forecast that it will increase its share throughout our forecast period. Whilst spending on communications and recreation and culture account for a much smaller share of total spending both sectors are also set to increase their overall share by 2019.
Full Report Details at
- http://www.fastmr.com/prod/977489_chile_retail_report_q2_2015.aspx?afid=101
While spending on 'luxury' items suggests that there is plenty of opportunity for investment in Chile the government is also committed to providing the infrastructure to support the implementation of this. In Santiago particularly the retail market is already well developed with a range of shopping centres and department stores offering high-end fashion retailing to plenty of supermarkets and convenience stores. As this market is relatively saturated it...
The Chile Retail Report has been researched at source and features BMI Research'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 Chile 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 Chile to test other views - a key input for successful budgeting and strategic business planning in the Chilean retail market.
* Target business opportunities and risks in Chile 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 (local currency and USDbn % growth % GDP per capita per household) spending by retail sector (food & non-alcoholic drink alcoholic drink clothing & footwear housing & utilities furnishings & home health transport recreation education restaurants & hotels personal care & insurance (local currency and USDbn % growth % GDP % of total spending)
* Retail Sector Forecast: Breakdown of Food Non Alcoholic Drink Alcohol Tobacco Clothing Footwear Household Goods Furnishings Appliances Glass and Tablewear Household Textiles Consumer Electronics Garden Toys and Pets Home and Garden tools Personal Care Personal Effects Spending (USDbn % 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 – USD5000+ USD10000+ USD50000+ (‘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).
BMI’s Retail Risk Reward Index
BMI’s Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
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.
Sources
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