Philippines Retail Report

 Published On: Sep, 2016 |    No of Pages: 63 |  Published By: BMI Retail | Format: PDF
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BMI View: Growth in the Philippines' retail market will be supported by rising wages and disposable incomes, with a young urban population keen to make aspirational purchases. We expect significant opportunities for expansion and new market entrants in urban areas, as lifestyles become more aspirational. However, opportunities diverge markedly between urban and rural areas. The overall low urbanisation rate, the country's geography and the relatively low incomes of rural dwellers mean that opportunities to expand outside the cities will remain limited.

Key Trends & Developments

-Total household spending is forecast to rise significantly between 2016 and 2020, from USD224bn to USD319bn.

-The majority of household retail spending will continue to go towards essentials, with food and nonalcoholic drinks at 38.2% of total household retail purchases in 2016, followed by housing and utilities at 22.0%.
BMI Industry View ............... 7
SWOT .... 9
Industry Forecast .............. 11
Headline Retail Forecast .......... 11
Table: Total Household Spending (Philippines 2013-2020)........... . . . 14
Table: Retail Sector Spending, % Of Total (Philippines 2013-2020).......... . . 15
Table: Retail Sector Spending, % Of GDP (Philippines 2013-2020).......... . . 16
Table: Headline Retail Sector Spending (Philippines 2013-2020).......... . . . . . 17
Retail Sector Forecast .............. 19
Food, Drink & Tobacco .......... 20
Table: Food, Drink And Tobacco Spending (Philippines 2013-2020).......... . 21
Clothing & Footwear .............. 21
Table: Clothing And Footwear Spending (Philippines 2013-2020).......... . . . . 22
Household Goods ... 22
Table: Household Goods Spending (Philippines 2013-2020)........... . . 23
Personal Care & Effects .......... 24
Table: Personal Care Spending (Philippines 2013-2020)........... . . . . . . 24
Household Numbers And Income Forecast ... 25
Table: Household Income Data (Philippines 2013-2020)........... . . . . . . 26
Table: Labour Market Data (Philippines 2013-2020)............ . . 29
Demographic Forecast ............. 30
Table: Total Population (Philippines 2013-2020)............ . . . . . . 33
Table: Population: Babies (Philippines 2013-2020)............ . . . 33
Table: Population: Young Children (Philippines 2013-2020)........... . . 33
Table: Population: Children (Philippines 2013-2020)............ . 34
Table: Population: Young Teens And Older Children (Philippines 2013-2020)........34
Table: Population: Young People (Philippines 2013-2020)........... . . . . 34
Table: Population: Older Teenagers (Philippines 2013-2020)........... 35
Table: Population: 21 Years Plus (Philippines 2013-2020)........... . . . . 35
Table: Population: Young Adults (Philippines 2013-2020)........... . . . . 35
Table: Population: Middle Aged (Philippines 2013-2020)........... . . . . . 36
Table: Population: Urban/Rural (Philippines 2013-2020)........... . . . . . 36
Industry Risk/Reward Index ............. 37
Asia Pacific Risk/Reward Index .. 37
Table: Asia Pacific Retail Risk/Reward Index, Q416............ . . . 37
Philippines Risk/Reward Index ... 38
Rewards ............... 38
Risks .... 39
Market Overview ............... 41
Latest Updates ....... 41
Competitive Landscape .... 46
Clothing & Footwear .............. 46
Table: Selected Clothing & Footwear Retailers............. 46
Household Goods, Homeware & Home Improvement .... 47
Table: Selected Household Goods, Homeware And Home Improvement Retailers........ . . . . 47
Electronics ........... 47
Table: Selected Electronics Retailers.............. . . . 47
Department Stores .. 48
Table: Selected Department Stores.............. . . . . . 48
E-commerce & Online Marketplaces .......... 48
Table: Selected E-commerce Retailers & Online Marketplaces........... 48
Pharmacies & Drugstores ....... 49
Table: Selected Pharmacies & Drug Stores............. . . . . 49
Glossary ............. 50
Methodology ...... 57
Industry Forecast Methodology 57
Sources 60
Risk/Reward Index Methodology ............... 60
Table: Retail Risk/Reward Index Indicators............. . . . . 61
Table: Weighting Of Indicators............... . 63
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