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New Market Research Report: Romania Retail Report Q2 2011

Recently published research from Business Monitor International, "Romania Retail Report Q2 2011", is now available at Fast Market Research

 
PRLog - March 31, 2011 - The Q211 BMI Romania Retail report forecasts that the country's total retail sales will rise by 18% between 2011 and 2015, growing from a predicted RON20.87bn (US$8.33bn) in 2011 to a forecast RON24.65bn (US$9.84bn) by 2015. Continuing wage growth, the recent consumer lending boom and rising disposable income following the introduction of a new flat rate of income tax are key factors behind retail market expansion. Romania's privatisation process since 1990 and EU membership since in 2007 have allowed retailers to make significant inroads into the market, contributing to forecast annual retail sales growth of 4.2% in local currency terms.

Romania's nominal GDP is predicted to be US$175.99bn in 2011. Average annual GDP growth of 4.0% is forecast by BMI between 2011 and 2015. Although the population is forecast to decrease slightly, from 21.4mn in 2011 to 21.0mn by 2015, GDP per capita is predicted to grow 45.3% by 2015, reaching US$11,971.

Wage growth in Romania, as in many other Central and Eastern European (CEE) countries, has accelerated quickly over the past few years, more than doubling between 2002 and 2006 from US$1,932 to US$4,083. The European Commission forecast nominal and real 2008 wage growth in Romania to be the fastest among all 27 member states, and BMI estimates the 2009 average annual wage at US$5,611.

Romania has the second largest population in Central Europe, after Poland, with 39.2% of the total in the 20-44 age range in 2005, according to UN Population Division data. This segment of the population, which accounts for an important element of future retail spending, is estimated to have increased to 41.1% in 2010. The proportion of the population classified by the UN as economically active was 70.1% in 2005 and an estimated 70.7% in 2010.

Non-food retail sub-sectors benefiting from changing patterns of consumption in Romania include clothing and footwear, which constituted 6.2% of total household monthly expenditure in 2006, up from 5.9% in 2001, according to the Institute of National Statistics (INS). Furniture accounted for 4% in 2006, up from 2.9% in 2001.

Retail sub-sectors that are likely to experience strong sales growth over the period include over the counter (OTC) pharmaceuticals, which BMI predicts will total US$0.60bn in 2011 and grow by nearly 51% to US$0.91bn by 2015. Market growth is likely to be strong, boosted by factors such as EU membership, privatisation of the pharmaceutical industry and the consolidation and improvement in operating conditions in retail and wholesale.

Vehicle sales are forecast to reach US$4.68bn in 2011 and to grow by 78%, to US$8.33bn, towards the end of the forecast period. The recovery in the Romanian automotive market will be faster than in most developed markets due to the country's unrealised sales potential. By 2015, annual sales will total nearly 186,000 units.

Retail sales for the BMI universe of CEE countries in 2011 are forecast to amount to US$1,280bn based on the varying national definitions. Total consumer spending for the region based on BMI's macroeconomic database is expected to be US$2,206bn. Russia, Turkey and Poland are predicted to account for an estimated 79% of regional retail sales in 2011, a share that is likely to fall only slightly, to 78%, by 2015. Romania's forecast market share of 0.7% in 2011 is expected to fall to 0.6% by 2015.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/128795_romania_retail_report_q...


Report Table of Contents:

SWOT Analysis
- Romania Retail Business Environment SWOT
- Romania Political SWOT
- Romania Economic SWOT
Business Environment Outlook
- Table: Central And Eastern Europe Retail Business Environment Ratings
- Romania's Retail Rating
- Limits To Potential Returns
- Risks To Realisation Of Returns
Market Overview
- Current Trends
- Key Players
Industry Forecast Scenario
- Table: Romania Retail Indicators, 2008-2015
- Macroeconomic Outlook
- Table: Romania's GDP By Expenditure, 2006-2015
Regional Retail Outlook
- Table: Regional Retail Trends, 2008-2015
- Table: Regional Retail Sales By % Share, 2008-2015
- Regional Retail Trends
Mass Grocery Retail
- Romania Mass Grocery Retail SWOT
- Market Overview
- Leading Retailers
- Table: Structure Of Romania's MGR Sector By Estimated Number Of Stores, 2005-2010
- Table: Structure Of Romania's MGR Sector - Sales By Format, 2004-2009
- Table: Structure Of Romania's MGR Sector - Average Sales Value Per Retail Outlet, 2010
- Industry Forecast Scenario
- Table: MGR Sales by Format, 2006-2015
- Table: Grocery Retail Sales By Type, 2010 An 2010
- Industry Developments
Automotives
- Romania Autos Industry SWOT
- Market Overview
- Table: Autos Sector Overview, 2009 (CBUs)
- Table: Key Players In The Romanian Vehicles Market, 2008-2009
- Industry Forecast Scenario
- Production And Sales
- Table: Autos Production, 2006-2015 (CBUs)
- Table: Autos Sales, 2006-2015 (CBUs)
- Trade
- Table: Autos Trade, 2006-2014
OTC Pharmaceuticals
- Romania Pharmaceuticals Industry SWOT
- Market Overview
- Industry Forecast Scenario
- Table: OTC Sales Indicators, 2007-2015
- Industry Developments
Country Snapshot: Romania Demographic Data
- Section 1: Population
- Section 2: Education And Healthcare
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2005-2010 (US$)
- Table: Average Annual Wages, 2006-2010
BMI Methodology
- How We Generate Our Industry Forecasts
- Sources

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/catalog/publishers.aspx?pubid=1010

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.

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Industry:Retail, Shopping, Research
Tags:retail, autos, wage, 2006-2015, mgr, scenario, cbus, grocery, otc, pharmaceutical
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