The Singapore Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.
BMI's Singapore Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.
- Benchmark BMI's independent retail industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic business planning in the Singaporean retail market.
- Target business opportunities and risks in Singapore through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
Summary of BMI's key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.
A country-specific overview contextualising contemporary retail developments with a specific focus on current trends and key retailers across major retail segments including Mass Grocery Retail, Domestic Retail, Fashion Retail and Department Stores.
Business Environment Ratings
BMI's Retail Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors in the regional retail market.
The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Ratings products.
BMI Industry Forecasts
Analysis of market growth drivers, including projections to end-2016 for headline indicators. Industry indicators covered include:
Retail Sales: Total retail sales (US$bn), retail sales per capita (US$), retail sales as a % of GDP, organised retail sales (US$bn), organised retail sales per capita (US$), organised retail sales as a % of GDP and organised retail sales as a % of retail sales total.
Consumer Indicators: Consumer spending per capita (US$) and consumer price index (%).
Regional Retail Outlook
Country-comparative data tables (covering regional outlook, retail sales, food consumption and macroeconomic outlook) combine with a regional market overview and analysis of retail trends to provide valuable and comparative contextual insights in to the regional retail market.
Retail Sub-Sector Analysis
BMI's sub-sector specific analysis of the local retail sector, evaluating specific issues affecting individual retail channels, including mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics; contains market size and growth forecasts to end-2016 for specific retail sectors.
Data includes mass grocery retail sales (US$bn) and breakdown by store type (supermarkets, hypermarkets, discount stores, cooperatives, convenience stores); passenger car and commercial vehicle sales (units, US$bn); over-the-counter drug market sales (US$bn, % of total market) and breakdown (US$mn) by drug type (analgesic, cough and cold, digestives, skin treatments vitamins and minerals); PC sales (US$bn), software sales (US$bn), gaming device sales (US$mn), video and audio sales (US$mn), mobile handset sales (US$mn).
Executive Summary 5
SWOT Analysis 7
Singapore Retail Business Environment SWOT 7
Singapore Political SWOT 8
Singapore Economic SWOT 9
Market Overview 10
Key Players 13
Current Trends 14
Industry Forecast Scenario 16
Consumer Outlook 16
Retail Growth Outlook 20
Table: Singapore’s Retail Sales Indicators, 2009-2016 20
Table: Singapore’s Retail Sales Breakdown By Key Segment, 2012f 22
Macroeconomic Outlook 23
Table: Singapore – Economic Activity, 2011-2016 25
Regional Retail Outlook 26
Asia Pacific Retail Outlook 26
Table: Asia Pacific Retail Sales, 2009-2016 (US$bn) 26
Table: Asia Pacific Retail Sales By % Share, 2009-2016 27
Table: Asia Pacific Food Consumption, 2009-2016 (US$bn) 29
Table: Asia Pacific Macroeconomic Outlook, 2009-2016 33
Risk/Reward Ratings 35
Table: Asia Pacific Retail Risk/Reward Ratings 35
Singapore’s Retail Rating 36
Limits Of Potential Returns 36
Risks To Realisation Of Returns 37
Mass Grocery Retail 38
Singapore Mass Grocery Retail Industry SWOT 38
Market Overview 39
Table: Mass Grocery Retail Market By Estimated Number Of Outlets, 2004-2010 40
Table: Mass Grocery Retail Market By Value, 2004-2010 (US$bn) 40
Table: Mass Grocery Retail Market By Value, 2004-2010 (SGDbn) 41
Table: Estimated Average Sales Per Outlet By Format, 2010 41
Table: Sales Breakdown By Retail Format Type 41
Industry Forecast 42
Table: Mass Grocery Retail Sales – Historical Data & Forecasts, 2009-2016 43
Industry Developments 44
Consumer Electronics 47
Singapore Electronics Industry SWOT 47
Market Overview 48
Table: Computers – Demand, 2009-2016 48
Table: AV – Demand, 2009-2016 51
Table: Mobile Handsets – Demand, 2009-2016 55
Industry Forecast 57
Table: Consumer Electronics Overview, 2009-2016 58
Industry Developments 59
Singapore Automotives SWOT 61
Market Overview 62
Table: Top 20 New Vehicle Registrations By Company 62
Industry Forecast 63
Table: Registered Vehicles – Historical Data & Forecasts, 2010-2016 (CBUs) 64
Industry Developments 65
BMI Methodology 67
How We Generate Our Industry Forecasts 67