Research and Markets (http://www.researchandmarkets.com/research/4ffaaf/russia_retail_repo) has announced the addition of the "Russia Retail Report Q2 2012" report to their offering.

Russia Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russia's retail industry.

The Q212 BMI Russia Retail report forecasts that the country's total retail sales will increase by nearly 21% in local currency terms by 2016, growing from a projected RUB16.19trn (US$650.90bn) in 2012 to RUB19.57trn (US$786.82bn). Rising disposable incomes, an expanding middle class and rising levels of credit penetration are key factors behind retail market expansion. Accelerating foreign direct investment (FDI) has allowed retailers to make significant inroads into the market, contributing to forecast annual average retail sales growth of 4.9% in local currency terms.

Russia's nominal GDP is predicted to be US$1,866bn in 2012, with growth of 3.2% expected, down from 3.3% in 2011. Average annual GDP growth of 4.0% is forecast by BMI between 2012 and 2016.

Although the population is forecast to decrease from 142.7mn in 2012 to an estimated 142.0mn by 2016, GDP per capita is predicted to rise nearly 78% by the end of the forecast period, reaching US$23,209. The country's large population - and the affluent urban population of Moscow in particular - is providing a solid base for the expansion of the retail market. Russia has 13 cities with more than 1mn people and consumers are increasingly looking to modern retail outlets for aspirational purchases.

In 2005, 37% of the Russian population was in the 20-44 age range, according to UN Population Division data, and this is estimated to have increased slightly in 2010 to 38%. This segment of the population is a key element for future retail spending. The proportion of the population classified by the UN as economically active was 71% in 2005 and an estimated 73% in 2010.

Key Topics Covered:

  • Executive Summary
  • SWOT Analysis
  • Market Overview
  • Industry Forecast Scenario
  • Regional Retail Outlook
  • Business Environment Outlook
  • Mass Grocery Retail
  • Consumer Electronics
  • Automotives
  • BMI Methodology

For more information visit http://www.researchandmarkets.com/research/4ffaaf/russia_retail_repo