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Follow on Google News | New market study, "Peru Retail Report Q1 2011", has been publishedNew Retailing research report from Business Monitor International is now available from Fast Market Research
Peru's nominal GDP is predicted to be US$162.56bn in 2011, with growth of 4.9% expected for the year. Average annual GDP growth of 4.2% is forecast by BMI between 2010 and 2014. With the population increasing from an estimated 29.8mn in 2011 to a forecast 30.8mn by 2014, GDP per capita is forecast to rise by 34.6% by the end of the forecast period, reaching US$7,213 in 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 be 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 6mn in 2009, with consumers using them to make purchases totalling PEN10bn (US$3.33bn), according to Asociacion de Bancos del Peru (Asbanc). Banco del Trabajo predicts that by 2016, 80% of Peru's urban households will have at least one credit card. 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$16.69bn in 2011 to US$21.97bn by 2014, up 31.6%. Growth in mass grocery retail (MGR) sales is expected to outstrip that in overall food sales at 38.0%, with MGR's share of the overall food market predicted to grow from 11.4% in 2011 to 12.0% by 2014. Consumer electronic sales are forecast to grow 36.7%, from an expected US$1.83bn in 2011 to US$2.50bn by the end of the forecast period. The Peruvian market is set to be one of the fastest growing consumer electronics markets in the region, with a projected 2010-2014 CAGR of 12.3% and consumer electronics spend per capita of about US$86 by 2014. Vehicle sales, meanwhile, are forecast to increase from an estimated US$0.32bn in 2011 to US$0.40bn by 2014, representing growth of 22.8%. Retail sales for Latin American in 2011 are expected to reach US$1,302bn, based on varying national definitions. Total consumer spending for the region, based on BMI's macroeconomic database, is predicted to be US$2,891bn. Mexico, Brazil and Venezuela are expected to account for an estimated 83.1% of regional retail sales in 2011, with the three countries likely to account for 85.3% of all retail sales in the region by 2014. For Peru, the predicted 2011 market share of 3.1% is expected to fall marginally to 2.7% by 2014. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Peru Retail Business Environment SWOT - Peru Political SWOT - Peru Economic SWOT Business Environment Outlook - 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: Peru Retail Sales Indicators, 2007-2014 - Table: Retail Sales Breakdown By Key Segment, 2011f - Organised Retail - Macroeconomic Outlook - Table: GDP By Expenditure, 2007-2014 Regional Retail Outlook - Table: Latin America Retail Trends, 2007-2014 - Table: Latin America Retail Sales By % Share, 2007-2014 - Regional Retail Trends Consumer Electronics - Peru Consumer Electronics Market SWOT - Market Overview - Industry Forecast Scenario - Table: Consumer Electronics Overview , 2007-2014 - Industry Developments OTC Pharmaceuticals - OTC Pharmaceuticals SWOT - Market Overview - Regulatory Regime - Regulatory Developments - Intellectual Property Regime - IP Shortcomings - Counterfeit Pharmaceuticals - Trade Agreements - Pricing Regime - Government Tenders - Reimbursement Regime - Other Regulatory Issues - Industry Forecast Scenario - Industry Developments 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, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Manufacturing Wages, 2000-2012 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/ 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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