2015-03-27 03:30:18 -
New Retailing research report from Business Monitor International is now available from Fast Market ResearchFollowing a turbulent years, Egypt's political and economic environment is gradually stabilising. The economic recovery is supporting growth in the number of households reaching the USD10,000-plus income bracket , which is set to double between 2015 and 2019. Increased stability will support a rise in consumer confidence and inbound tourism, which will help boost overall spending in the retail sector.
The Egyptian economy has been gradually recovering following instability in recent years. Nonetheless, we are forecasting real GDP growth to reach a respectable 2.95% during 2015. This figure may be further revised upwards due to above-expectation growth of 2.9% during 2014. We expect to see economic growth to return to higher yet maintainable levels of 4% and above by 2017. These
economic improvements are helping to increase disposable income levels throughout the country and we expect to see the middle income bracket of USD10,000-plus growing strongly throughout our review period to 2019.
Full Report Details at
- http://ift.tt/1HRWlZe
The growth in middle income households, combined with the youthful and relatively urbanised population will help support growth in household spending over the coming few years. We currently forecast average annual household spending growth to be 9.13% between 2015 and 2019. Demand for non-essential products currently remains limited as around half the population still live in slums. We are, however, expecting to see the increasingly affluent middle class drive forward changes in consumer behavior and this will give rise to greater spending on non-food and non-essential products.
While organised-retail is becoming increasingly common in Egypt's urban areas, traditional retail formats continue to be favoured by many consumers. These smaller, family-owned stores are the most common form of retail and can be found playing an active role in every sub sector. The prevalence of these traditional retailers even in large cities such as Cairo and Alexandria illustrates the...
The Egypt 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 Egypt 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 Egypt to test other views - a key input for successful budgeting and strategic business planning in the Egyptian retail market.
* Target business opportunities and risks in Egypt 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+, USD10,000+ 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
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://ift.tt/1G6z5rg
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