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Follow on Google News | "Bulgaria Retail Report Q3 2011" is now available at Fast Market ResearchNew Retailing market report from Business Monitor International: "Bulgaria Retail Report Q3 2011"
Bulgaria's nominal GDP in 2011 is forecast to be US$48.02bn, with growth of 2.7% expected for the year. Average annual GDP growth of 3.3% is forecast by BMI between 2011 and 2015. Although the population is predicted to decrease slightly, from 7.5mn in 2011 to 7.3mn by 2015, GDP per capita is forecast to grow by 31.2% to reach US$8,389. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ The growth in the overall retail market will be driven largely by a growing urban population, with higher disposable incomes and an interest in aspirational purchasing. According to the UN Population Division, the urban population in Bulgaria reached 72.2% in 2010 and will rise to more than 78.0% by 2030. Retail sectors that are likely to expand over the forecast period include consumer electronics, due to the growth potential offered by relatively low household penetration rates for digital products. BMI predicts that consumer electronics sales will rise by 24%, from a forecast US$1.30bn in 2011 to US$1.62bn by 2015. In the automotives sector, sales of new imported completely built units (CBUs) should grow rapidly over the coming years, with BMI forecasting an increase in vehicle sales from 21,416 units in 2011 to 31,939 units by 2015, a rise of more than 49%. Over the counter (OTC) pharmaceutical sales are predicted to increase by more than 24%, from US$0.24bn in 2011 to US$0.30bn, by the end of the forecast period. BMI food consumption data suggest that the food retail segment will have a market share of 43.7% in 2011. The sector is forecast to be worth US$4.59bn in 2011 but sales are expected to decline by 5.0% to US$4.36bn by 2015. Given that expansion of non-food retail is expected significantly to exceed that of the food segment, our forecast is for a reduction in the retail market share of food to 33.0% by 2015. Mass grocery retail (MGR) sales are forecast to reach US$1.23bn in 2011 and to grow steadily while overall food sales fall, increasing by 9.0% to US$1.34bn by 2015. Although Bulgaria's MGR sector is immature compared with most other countries in Central and Eastern Europe (CEE), rising disposable incomes over the longer term will provide a solid base for premiumisation. BMI forecasts that MGR's share of the overall food market will rise from 26.8% in 2011 to 30.7% by the end of the forecast period. 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$2,206bn. Russia, Turkey and Poland are predicted to account for an estimated 79% of regional retail sales in 2011, a share that is likely to fall slightly to 78% by 2015. Bulgaria's predicted market share of 0.8% in 2011 is expected to fall to 0.7% in 2015. Partial Table of Contents: SWOT Analysis - Bulgaria Retail Business Environment SWOT - Bulgaria Political SWOT - Bulgaria Economic SWOT Business Environment Outlook - Table: Central And Eastern Europe Retail Business Environment Ratings - Bulgaria's Retail Rating - Limits To Potential Returns - Risks To Realisation Of Returns Market Overview - Current Trends - Key Players Industry Forecast Scenario - Consumer Outlook - Retail Growth Outlook - Table: Bulgaria Retail Indicators, 2008-2015 - Table: Retail Sales By Sector, 2011f - Macroeconomic Outlook - Table: Bulgaria Economic Activity; 2006-2015 Regional Retail Outlook - Table: Regional Retail Trends, 2008-2015 - Table: Regional Retail Sales By % Share, 2008-2015 - Regional Retail Trends Mass Grocery Retail - Bulgaria Mass Grocery Retail SWOT - Market Overview - Leading Retailers - Table: Structure Of Bulgaria's MGR Market By Number of Outlets, 2003-2010 - Table: Structure Of The Mass Retail Grocery Market By Value, 2003-2010 - Table: Value Of Sales Per Outlet, 2010 Industry Forecast Scenario - Table: MGR Sales Indicators, 2006-2015 - Table: Grocery Retail Sales By Type, 2010 And 2020 - Industry Developments Consumer Electronics - Bulgaria Consumer Electronics SWOT - Market Overview - Industry Forecast Scenario - Table: Consumer Electronics Sales Overview, 2006-2015 (US$mn) - Industry Developments Automotives - Bulgaria Autos Industry SWOT - Market Overview - Industry Forecast Scenario - Production And Sales - Table: Autos Production And Sales, 2009-2015 (CBUs) - Macroeconomic Contribution - Table: Macroeconomic Contribution Of Bulgaria's Autos Sector, 2005-2012 - Industry Developments Country Snapshot: Bulgaria 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 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2000-2012 BMI Methodology - 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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