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Follow on Google News | New Market Research Report: Saudi Arabia Retail Report Q1 2011New Retailing research report from Business Monitor International is now available from Fast Market Research
Saudi Arabia's nominal GDP in 2011 is predicted to be US$474.6bn, with growth of 2.5% expected in 2011. Average annual GDP growth of 3.2% is predicted by BMI between 2011 and 2015. With the population increasing from 26.5mn in 2011 to an estimated 28.6mn by 2015, GDP per capita is predicted to rise to US$22,320 by the end of the forecast period. The retail sector benefits from the large number of Muslim tourists visiting the country to take part in the hajj and umrah pilgrimages every year. Sales of gifts and souvenirs in 2008 were estimated to have risen by at least SAR4bn (US$1.1bn) due to shopping by hajj pilgrims, according to a Gulf News report. Increasing urbanisation is also driving retail sales. In 2005, nearly 89% of the population was classified by the UN as urban, rising to an estimated 90% by 2010. The UN also described more than 57% of the population as economically active in 2005, with this proportion forecast to exceed 59% in 2010 and 66% by 2015. About 38% of the population was in the 20-44 age range important to retail sales in 2005, and the UN forecasts that this will rise to about 45% by 2015. Gap is among the latest international retailers to enter the market. It plans to open 44 Gap stores (and variations) and 10 Banana Republic stores in Saudi Arabia by 2012. Retail sub-sectors that are predicted by BMI to show strong growth over the forecast period include overthe- counter (OTC) pharmaceuticals, with sales expected to increase by more than 47%, from an expected US$0.39bn in 2011 to US$0.57bn by 2014. With the Saudi consumer electronics market one of the largest in the Gulf, accounting for about 40% of regional spending, sales in this sector are forecast to increase from an estimated US$4.08bn in 2011 to US$4.82bn by 2014, a rise of more than 18%. BMI forecasts that per capita consumer electronics spend will reach about US$178 by 2014, driven by youthful demographics, a regional economic boom and a buoyant real estate sector. High business confidence and increased disposable incomes also provide a favourable background for the automotives sector. Vehicle sales are forecast to rise by almost 20% by the end of the period, from an estimated US$17.93bn to US$21.48bn. Retail sales for our set of Middle East and Africa (MEA) countries in 2011 are predicted to amount to US$196.69bn, based on the varying national definitions. Total consumer spending for the region based on BMI's macroeconomic database is forecast at US$722.41bn. In 2011, BMI predicts that South Africa and Israel will together account for an estimated 56.8% of regional retail sales, and their combined share is expected to rise to 57.2% by 2014. For Saudi Arabia, its estimated 2011 market share of 13.5% is expected to decrease slightly to 13.4% by 2014. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Saudi Arabia Retail Business Environment SWOT - Saudi Arabia Political SWOT - Saudi Arabia Economic SWOT Business Environment Outlook - Middle East And Africa Business Environment Ratings - Table: Middle East And Africa Retail Business Environment Ratings - Saudi Arabia Retail Rating - Limits To Potential Returns - Risks To Realisation Of Returns Market Overview - Current Trends - Key Players Industry Forecast Scenario - Retail Growth Outlook - Table: Saudi Arabia's Retail Sales Forecast, 2007-2015 - Consumer Outlook - Macroeconomic Outlook - Table: Saudi Arabia Economic Activity, 2007-2015 Regional Retail Outlook - Table: Middle East And Africa Retail Trends, 2007-2014 - Table: Regional Retail Sales By % Share, 2007-2014 - Current Trends Mass Grocery Retail - Saudi Arabia Mass Grocery Retail SWOT - Market Overview - Table: Structure Of Saudi Arabia's Mass Grocery Retail Sector -Sales Value By Format, 2004-2009 (US$bn) - Table: Structure Of Saudi Arabia's Mass Grocery Retail Sector - Estimated Sales Value By Format, 2004-2009 (SARbn) - Table: Structure Of Mass Grocery Retail Sector - Average Sales Value Per Retail Outlet, 2009 - Industry Forecast Scenario - Table: MGR Sales Indicators, 2005-2014 - Table: Grocery Retail Sales By Format , 2009 & 2019 Consumer Electronics - Saudi Arabia Consumer Electronics SWOT - Market Overview - Table: Saudi Arabia's Distributors For Leading Brands - Industry Forecast Scenario - Table: Consumer Electronics Overview, 2007-2014 (US$mn) - Industry Developments Automotives - Saudi Arabia Autos Industry SWOT - Market Overview - Market Trends - Dealerships - Table: Saudi Autos Sector - Key Players - Production - Commercial Vehicles - Industry Forecast Scenario - Table: Autos Sales, 2006-2014 - Industry Developments Country Snapshot: Saudi Arabia Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2003-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - 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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