Peru Retail Report Q3 2010: New research report available at Fast Market Research

June 27, 2010 - PRLog -- The Q310 BMI Peru Retail Report forecasts that the country's retail sales will grow from PEN109.08bn (US$37.32bn) in 2010 to PEN142.57bn (US$48.78bn) by 2014. Generally positive trends in underlying economic growth, an expanding population and a steady increase in real wages are key factors behind the forecast growth in Peru's retail sales.

Peru's nominal GDP is predicted to be US$143.21bn in 2010, with 2009's estimated growth of 0.9% expected to increase to 5.0% in 2010 as the economy continues to recover. Average annual GDP growth of 4.8% is predicted by BMI between 2010 and 2014. With the population increasing from an estimated 30.1mn in 2010 to a forecast 32.0mn by 2014, GDP per capita is forecast to rise by 42.1% by the end of the forecast period, reaching US$6,760 in 2014. Our forecast for consumer spending per capita is for an increase from US$3,233 in 2010 to US$4,586 by 2014.

In 2005, 64.0% of the Peruvian population was described by the UN as economically active, with 39.3% in the 20-44 age range. Nearly three-quarters, 74.6%, of the population was classified by the UN as urban. In 2010, the urban population is forecast to reach 76.4% of the total, with 39.9% in the 20-44 age band and 66.2% of the population expected to be economically active.

Easier access to consumer credit has boosted retail sales in Peru. The number of credit cards in circulation in the country rose from 210,000 in 1996 to 3mn in 2006. In the capital Lima, 15.5% of the population had a credit card by 2006.

Retail sub-sectors that are expected to show strong growth over the forecast period include food and drink, with sales expected to rise from US$16.80bn in 2010 to US$24.02bn by 2014. Over-the-counter (OTC) pharmaceutical sales are predicted by BMI to increase from US$0.33bn in 2010 to US$0.51bn by 2014, up by 54.5%; while consumer electronic sales are forecast to grow by 57.4%, from US$1.71bn in 2010 to US$2.70bn by the end of the forecast period. Automotive sales are predicted to increase from an estimated US$0.30bn in 2010 to US$0.40bn by 2014, a rise of 33.7%.

Retail sales for our Latin American universe in 2010 are expected to reach US$1,166bn, based on varying national definitions. Total consumer spending for the region, based on BMI's macroeconomic database, is predicted to be US$2,590bn. Mexico and Brazil together are expected to account for an estimated 74.3% of regional retail sales in 2010; with the two countries plus Venezuela likely to account for 85.3% of all retail sales in the region by 2014. For Peru, the predicted 2010 market share of 3.2% is expected to fall marginally to 2.7% by 2014.

For more information or to purchase this report, go to:
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Report Table of Contents:

Executive Summary
SWOT Analysis
- Peru Retail Business Environment SWOT
- Peru Political SWOT
- Peru Economic SWOT
- Peru Business Environment SWOT
Business Environment Outlook
- Latin America
- Table: Latin America Retail Business Environment Ratings
- Peru's 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
- Organised Retail
- Macroeconomic Outlook
- Table: Peru Economic Activity, 2007-2014
Regional Retail Outlook
- Table: Latin America Retail Trends, 2007-2014
- Table: Latin America Retail Sales By % Share, 2007-2014
- Regional Retail Trends
Mass Grocery Retail
- Peru Mass Grocery Retail SWOT
- Market Overview
- Table: Structure Of Peru's MGR Market - Estimated Number Of Outlets, 2002-2008
- Table: Structure Of Peru's MGR Market - Sales Value By Format, 2002-2008 (US$mn)
- Industry Forecast Scenario
- Table: Peru's MGR Market - Sales Value By Format, 2007-2014 (US$bn)
- Industry Developments
Consumer Electronics
- Peru Consumer Electronics Market SWOT
- Market Overview
- Industry Forecast Scenario
- Table: Consumer Electronics Overview
- Industry Developments
Automotives
- Peru Autos Industry SWOT
- Market Overview
- Industry Forecast Scenario
- Table: Peru Autos Sector Overview, 2006-2014
- Industry Developments
OTC Pharmaceuticals
- Peru: Pharmaceuticals And Healthcare Industry SWOT
- Market Overview
- Industry Forecast Scenario
- Counterfeit Pharmaceuticals
- Pricing System
- Reimbursement System
- Pharmaceutical Distribution And Retail
Country Snapshot: Peru 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
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Manufacturing Wages, 2000-2012
BMI Methodology
- How We Generate Our Industry Forecasts
- Sources

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