Research and Markets: Russia Retail Report Q2 2012
March 15 2012 - 12:16PM
Business Wire
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