|
|
Indonesia Retail Report Q3 2009Published by: Business Monitor International Published: Jun. 15, 2009 - 44 Pages Table of Contents
AbstractThe Q309 BMI Indonesia Retail report predicts that the country’s retail sales will grow from an estimated US$39.4bn in 2008 to almost US$87.0bn by 2013. Strong underlying economic growth, an enormous and expanding population (the world’s fourth largest after China, India and the United States), the rise in per capita incomes and the continued development of organised retail infrastructure are key factors behind the forecast substantial growth in Indonesia’s retail sales.Indonesia’s nominal gross domestic product (GDP) was US$489.7bn in 2008. Average annual GDP growth of 4.9% is predicted by BMI to 2013. With the population increasing from 234.5mn in 2008 to an estimated 248.1mn by 2013, GDP per capita is predicted to more than double by the end of the forecast period, reaching US$3,835. Our assumption of consumer spending per capita is for an increase from US$1,195 in 2008 to US$2,002 by 2013. Employees in the formal sector have seen their salaries rise by 20% since 1999, according to the Indonesian government, with the average wage now standing at IDR2,412,000 (US$219) per month. These higher-income earners currently make up around 30% of the total workforce. The growth in the overall retail market will be driven, in large part, by the expansion of the organised retail market. BMI predicts that sales through these more modern and sophisticated outlets, which in 2007 accounted for an estimated 18.1% of the market, will rise from approximately US$6.4bn to US$17.0bn by 2013. This 166% increase (approximately 18% per annum) could see organised retail sales take almost 20% of the overall market by 2013. The mass grocery retail (MGR) sector, which is still developing in Indonesia, will see substantial growth, with BMI forecasting sales to more than double to US$9.4bn in 2013. Retail sales for the BMI universe of Asian countries in 2008 were an estimated US$2,044bn. China and India alone in 2008 accounted for almost 93% of regional retail sales, with their combined share expected to reach 94% by 2013. Growth in regional retail sales for the period 2008 to 2013 is put by BMI at 105%, or an annual average 17.6%. China should experience the most rapid rate of growth, followed by Indonesia and India. For Indonesia, the estimated 2008 market share of 1.9% is expected to rise slightly to 2.1% by 2013. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||