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Follow on Google News | "South Africa Retail Report Q4 2010" is now available at Fast Market ResearchRecently published research from Business Monitor International, "South Africa Retail Report Q4 2010", is now available at Fast Market Research
South Africas nominal GDP is predicted to be US$351.41bn 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 3.9% 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 74.7% by the end of the forecast period, reaching US$12,360. We believe consumer spending per capita will increase from US$4,269 in 2010 to US$7,442 by 2014. Consumer spending is boosted by foreign visitors to South Africa. In 2008, according to Statistics South Africa (SSA), spending by visitors amounted to ZAR74.2bn (US$9.5bn). Following a difficult 2009, foreign visitor numbers are again on the increase. Arrivals rose by 16.3% during the first four months of 2010 compared with the same period in 2009, according to Minister of Tourism Marthinus van Schalkwyk. 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$6.74bn in 2010 to US$9.63bn by the end of the forecast period, a rise of nearly 43%. South Africas tech-literate, high-end consumer electronics market is the largest in Africa, and youthful demographics, rising incomes and a regional economic boom should all support expansion. Sales of over the counter (OTC) pharmaceutical products are forecast 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. The size of the country, significant rural areas and the agricultural sector provide a substantial market for four-wheel drive vehicles, light pickups and SUVs. We estimate that overall food consumption in South Africa in 2010 will account for 52.7% of total retail sales, worth US$36.06bn. This is forecast to increase to 54.9% of overall retail sales by 2014. The South African mass grocery retail (MGR) sector, comfortably Africas largest in terms of value, is forecast to be worth US$31.59bn in 2010, representing 87.6% of the total food market. BMI expects its value to rise to US$44.15bn by 2014, when it will account for 79.8% of the food market. 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$673.32bn. In 2010, BMI predicts that South Africa and Israel will together account for an estimated 56.8% of regional retail sales, and their combined share is forecast to rise to 57.2% by 2014. For South Africa, its estimated 2010 market share of 36.7% is expected to rise to 39.9% by 2014. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - South Africa Retail Business Environment SWOT - South Africa Political SWOT - South Africa Economic SWOT Business Environment Outlook - Middle East And Africa Business Environment Ratings - Table: Middle East And Africa Retail Business Environment Ratings - South Africa Retail Rating - Limits To Potential Returns - Risks To Realisation of Returns Market Overview - Current Trends - Key Players Industry Forecast Scenario - Retail Growth Outlook - Table: Key Retail Indicators, 2007-2014 - Table: Retail Sales Breakdown By Key Segment, 2010f - Macroeconomic Outlook - Table: South Africa Economic Activity, 2007-2014 Regional Retail Outlook - Table: Middle East And Africa Retail Trends, 2007-2014 - Table: Regional Retail Sales By % Share, 2007-2014 - Current Trends Mass Grocery Retail - South Africa Mass Grocery Retail Industry SWOT - Market Overview - Table: Structure Of South Africa's MGR Market - Number Of Outlets, 2004-2009 - Table: Structure Of South Africa's MGR Market - Sales By Format, 2004-2009 (US$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 (US$mn) - Government Authorities - Industry Developments Automotives - South Africa Autos Industry SWOT - Market Overview - 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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