New Market Study Published: United Arab Emirates Retail Report Q2 2011

New Retailing market report from Business Monitor International: "United Arab Emirates Retail Report Q2 2011"
 
May 2, 2011 - PRLog -- The Q211 BMI UAE Retail report forecasts that the country's retail sales will grow from an estimated AED79.35bn (US$21.61bn) in 2011 to AED105.47bn (US$28.72bn) by 2015. Key factors behind the forecast are strong underlying economic growth (despite the recent problems in Dubai), increasing household consumption, growing acceptance of modern retailing concepts and expatriate wealth.

The UAE's nominal GDP in 2011 is predicted to be US$295.3bn, with growth of 3.0% predicted for the year. BMI predicts average annual GDP growth of 3.6% between 2011 and 2015. With the population increasing from an expected 4.8mn in 2011 to an estimated 5.2mn by 2015, GDP per capita is forecast to rise 22.1% by the end of the forecast period, to US$74,999.

Average household spending power in the UAE stands at US$14,400 per annum, according to property consultant Colliers International. Emirati households account for the lion's share of this spending with an average of US$23,000, while Western, other Arab and Asian households have annual spending power of US$19,500, US$13,500 and US$10,000 respectively.

While Emiratis contribute to retail sales, the buying power of the country's expatriate residents is the major source of success, according to a study by Indian research firm RNCOS. Tourism is also a massive factor in stimulating retail growth, with the UAE expecting the number of tourists to have totalled more than 11mn in 2010.

Growing urbanisation is another factor in the buoyancy of the retail sector. Abu Dhabi in particular is highly urbanised, with the Urban Planning Council (UPC) projecting that Abu Dhabi City's population will rise to 1.3mn by 2013. In 2005, 85.5% of the UAE's population was classified by the UN as urban and this is forecast to have increased to 86.3% in 2010.

The UN describes 73% of the UAE population in 2005 as economically active, forecast to rise to 78.6% by 2015. In 2005, more than 30% of the population was in the 20-44 age range crucial for retail sales, and this is expected to hit 56% by 2015.

Retail sub-sectors predicted by BMI to show strong growth over the forecast period include over-thecounter (OTC) pharmaceuticals, with sales expected to increase by more than 23% from a forecast US$0.30bn in 2011 to US$0.37bn by 2015.

Automotive sales are forecast to rise by a little less than 50%, from an expected 403,296 units in 2011 to 600,672 units by 2015, largely as a result of growth in the luxury car market.

Sales of consumer electronics are expected to increase from a forecast US$3.14bn in 2011 to US$3.97bn by 2015, a rise of more than 26%. The UAE's consumer electronics market is one of the largest in the Gulf, accounting for close to 40% of regional spending and serving a potential market of almost 2bn people across Asia and the Middle East.

Food sales, forecast to be worth US$7.71bn in 2011, are expected to increase by 34.0% to US$10.33bn by 2015. The UAE's mass grocery retail (MGR) sector is one of the Gulf region's largest by value, with sales forecast at US$5.33bn in 2011 and accounting for 69.1% of the total food and drink market. The value of the UAE's MGR sector is forecast to rise to US$7.55bn by 2015, when it should account for 73.1% of the overall food and drink market.

Retail sales for our set of Middle East and Africa (MEA) countries in 2011 are predicted to amount to US$204.60bn, 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 56.3% of regional retail sales, with Egypt accounting for a further 14.8%; by 2015, the combined share of South Africa, Israel and Egypt is expected to reach 72.3%. For the UAE, the estimated 2011 market share of 10.6% is expected to reduce to 9.9% by 2015.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/152505_united_arab_emirates_re...


Partial Table of Contents:

SWOT Analysis
- UAE Retail Business Environment SWOT
- UAE Political SWOT
- UAE Economic SWOT
Market Overview
- Current Trends
- Key Players
Industry Forecast Scenario
- Retail Growth Outlook
- Table: UAE Retail Indicators, 2008-2015
- Table: Retail Sales Breakdown By Key Segment, 2011f
- Consumer Outlook
- Macroeconomic Outlook
- Table: UAE Economic Activity, 2008-2015
Regional Retail Outlook
- Table: Middle East And Africa Retail Trends, 2008-2015
- Table: Regional Retail Sales By % Share, 2008-2015
- Current Trends
Business Environment Outlook
- Middle East And Africa Business Environment Ratings
- UAE's Retail Rating
- Limits To Potential Returns
- Risks To Realisation Of Returns
Mass Grocery Retail
- UAE Mass Grocery Retail Industry SWOT
- Market Overview
- Industry Forecast Scenario
- Table: Mass Grocery Retail Sales, 2006-2015
- Table: Grocery Retail Sales By Format - Historical Data and Forecasts
- Industry Developments
Consumer Electronics
- UAE Consumer Electronics Market SWOT
- Market Overview
- Table: The UAE's Distributors For Leading Brands
- Industry Forecast Scenario
- Table: Consumer Electronics Overview
- Industry Developments
Automotives
- UAE Auto Industry SWOT
- Market Overview
- Industry Forecast Scenario
- Table: UAE Autos Sales, 2007-2015
- Table: UAE Autos Trade, 2007-2015
- Table: Other Indicators, 2006-2015
- Industry Developments
Country Snapshot: UAE Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1525...

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.

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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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