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Saudi Arabia Consumer & Retail Report Q4 2017

Saudi Arabia Consumer & Retail Report Q4 2017

BMI View: We continue to hold a modest outlook for Saudi Arabia's consumer market over 2017 despite gradual revisions to the country's economic environment. We do not expect an acceleration in consumer spending as real private consumption growth slows from 2016. Elevated unemployment among the Saudi population, along with the implementation of fiscal measures by the government will weigh on the shortterm consumer outlook.

Our outlook for Saudi Arabia's consumer environment remains muted over 2017 despite slightly favourable revisions to economic growth. We forecast private consumption growth of a modest rate of 2.0% in 2017, down from 2.2% in 2016. Our Country Risk team expects new momentum to economic transformation efforts following a number of political and economic developments in the country (see 'New Crown Prince And Austerity Rollbacks A Boon For Growth', July 6 2017). We have revised up real GDP growth forecast for 2017 to 0.0%, from a 0.2% contraction previously, while deflationary pressures from H117 and inflation pressures in H217 (as new fiscal measures are implemented) bring inflation to an average of 2.2% in 2017, down from 3.5% in 2016.


BMI Industry View
Consumer Outlook
SWOT
Consumer And Retail SWOT
Industry Forecast
Consumer Spending
Total Household Spending
Table: Total Household Spending (Saudi Arabia 2015-2021)
Essential/Non-Essential Spending
Table: Essential and Non Essential Spending (Saudi Arabia 2015-2021)
Food, Drink And Tobacco
Table: Food and drinks (non-alcoholic, alcoholic and tobacco) spending (Saudi Arabia 2015-2021)
Clothing And Footwear
Table: Clothing and Footwear Spending (Saudi Arabia 2015-2021)
Household Goods
Table: Household Goods Spending (Saudi Arabia 2015-2021)
Personal Care And Effects
Table: Personal Care and Effects Spending (Saudi Arabia 2015-2021)
Tourism Spending
Household Characteristics Forecast
Table: Household Income Data (Saudi Arabia 2014-2021)
Demographic Forecast
Table: Labour Market Data (Saudi Arabia 2014-2021)
Table: Total Population (Saudi Arabia 2014-2021)
Market Overview
Retail Trends
Clothing And Footwear
Table: Selected Clothing And Footwear Retailers
Household Goods, Homeware And Home Improvement
Table: Selected Household Goods Retailers
Electronics
Table: Selected Electronics Retailers
Department Stores
Table: Selected Department Store Retailers
E-Commerce And Online Marketplaces
Table: Selected E-Commerce Retailers
Drug Stores And Pharmacies
Table: Selected Pharmacies Retailers
Shopping Centres And Malls
Glossary
Methodology
Industry Forecast Methodology
Sources

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