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Follow on Google News | Recently released market study: South Africa Retail Report Q3 2010New Retailing research report from Business Monitor International is now available from Fast Market Research
South Africas nominal GDP is predicted to be US$350.33bn in 2010, with the previous years decline of 1.8% expected to translate into growth of 3.0% in 2010 as the economy slowly begins to recover. Average annual GDP growth of 3.3% is predicted by BMI between 2010 and 2014. With the population increasing from 49.7mn in 2010 to an estimated 51.7mn by 2014, GDP per capita is forecast to rise by 32.8% by the end of the forecast period, reaching US$9,370. We believe consumer spending per capita will increase from US$4,244 in 2010 to US$5,618 by 2014. Consumer spending is boosted by foreign visitors to South Africa. In 2008, according to Statistics South Africa (SSA), there were 9.5mn tourist arrivals a 5.5% increase over the previous year. Spending by visitors rose more than 23%, to ZAR74.2bn (US$9.5bn). The FIFA World Cup in 2010 is set to reverse the slowdown of 2009. In 2005, 64.1% of the South African population was described by the UN as economically active, with 36.8% in the 20-44 age range crucial for retail sales. By 2015, 64.3% of the population is expected to be economically active, while the proportion of those in the 20-44 age range is forecast to reach 38%. Growing urbanisation is also contributing to a vibrant retail sector, with a 26% increase in the number of urban households between 1994 and 2005. In 2005, less than 58% of the population was classified by the UN as urban, and this is forecast to increase to more than 64% by 2015. According to BMI data, retail sub-sectors predicted to show strong growth over the forecast period include consumer electronics, sales of which are expected to increase from US$6.79bn in 2010 to US$9.86bn by the end of the forecast period, a rise of more than 45%. Sales of over the counter (OTC) pharmaceutical products are predicted to grow by nearly 62%, from US$0.33bn in 2010 to US$0.54bn by 2014. Vehicle sales are forecast to rise by just over 22%, from US$11.63bn in 2010 to US$14.19bn in 2014. Retail sales for our set of Middle East and Africa (MEA) countries in 2010 are predicted to amount to US$183.52bn, based on the varying national definitions. Total consumer spending for the region based on BMIs macroeconomic database is expected to reach US$673.32bn. In 2010, BMI predicts that South Africa and Israel will together account for an estimated 56.8% of regional retail sales, and their combined share is forecast to rise to 57.2% by 2014. For South Africa, the estimated 2010 market share of 36.7% is expected to rise to 39.9% by 2014. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - South Africa Retail Business Environment SWOT - South Africa Political SWOT - South Africa Economic SWOT Market Overview - Current Trends - Key Players Industry Forecast Scenario - Retail Growth Outlook - Table: Key Retail Indicators, 2007-2014 - Table: Retail Sales Breakdown By Key Segment, 2010f - Macroeconomic Outlook - Table: South Africa Economic Activity, 2007-2014 Regional Retail Outlook - Table: Middle East And Africa Retail Trends, 2007-2014 - Table: Regional Retail Sales By % Share, 2007-2014 - Current Trends Business Environment Outlook - Table: Middle East And Africa Retail Business Environment Ratings - South Africa Retail Rating - Limits To Potential Returns - Risks To Realisation of Returns Mass Grocery Retail - South Africa Mass Grocery Retail Industry SWOT - Market Overview - Table: Structure Of South Africa's MGR Market, 2004-2009 - Number Of Outlets - Table: Structure Of South Africa's MGR Market, 2004-200 - Sales By Format (US$bn) - Table: Structure Of South Africa's MGR Market, 2004-200 - Sales By Format (ZARbn) - Industry Forecast Scenario - Table: South Africa MGR Sector - Sales, 2006-2014 - Table: Grocery Retail Sales Breakdown, 2009 & 2019 (%) - Industry Developments Consumer Electronics - South Africa Consumer Electronics Market SWOT - Market Overview - Table: South African Distributors For Leading Brands - Industry Forecast Scenario - Table: Consumer Electronics Overview, 2007-2014 - Government Authorities - Industry Developments Automotives - South Africa Autos Industry SWOT - Market Overview - Table: South Africa Autos Sector - Capital Expenditure (ZARmn) - Industry Forecast Scenario - Production And Sales - Table: South Africa Autos - Production, 2005-2014 - Exports - Table: South Africa Auto - Exports & Imports, 2006-2014 Global Assumptions - Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012 - Table: Global Assumptions, 2008-2014 - Table: Developed States' Real GDP Growth, 2009-2012 - Table: Emerging Markets' Real GDP Growth, 2009-2012 Country Snapshot: South Africa Demographic Data - Section 1: Population Full Table of Contents is available at: -- http://www.fastmr.com/ 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://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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