Venezuela Retail Report

 Published On: Jul, 2016 |    No of Pages: 57 |  Published By: BMI Retail | Format: PDF
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BMI View: In the long term, the outlook for the Venezuelan retail sector is favourable, with the country's urbanised population and growing middle class set to drive demand for non-essential items. However, in the short term, retailers face significant challenges. The government's highly interventionist stance, as well as low oil prices, high inflation, difficulties in getting foreign currency and shortages of basic goods, make operating in Venezuela challenging.

Key Views And Developments
-Total household retail spending will rise from USD202.4bn in 2016 to USD494.3bn in 2020, after sharp fluctuations in recent years.
-Groceries will be the single largest component of household retail spending, at almost 33%, cementing the importance of essential products in the Venezuelan retail basket. We see no change in the overall composition of Venezuelan retail spending over our forecast period.
Venezuela's population will grow from 31.5mn in 2016 to 33.1mn by 2020.
 

BMI Industry View ... 7
SWOT ...... 9
Industry Forecast .. 10
Headline Retail Forecast ..... 10
Latest Updates  10
Structural Trends ..... 11
Table: Total Household Spending (Venezuela 2013-2020) . . . 11
Table: Retail Sector Spending, % Of Total (Venezuela 2013-2020) . . . 13
Table: Retail Sector Spending, % Of GDP (Venezuela 2013-2020) . . . . 14
Table: Headline Retail Sector Spending (Venezuela 2013-2020) . 15
Retail Sector Forecast  18
Latest Updates  18
Structural Trends ..... 18
Food And Drink ....... 19
Table: Food, Drink And Tobacco Spending (Venezuela 2013-2020) . . 20
Clothing And Footwear ...... 20
Table: Clothing And Footwear Spending (Venezuela 2013-2020) 21
Household Goods ..... 21
Table: Household Goods Spending (Venezuela 2013-2020) . 22
Personal Care  22
Table: Personal Care Spending (Venezuela 2013-2020) 23
Household Income And Numbers Forecast  24
Latest Updates  24
Structural Trends ..... 25
Table: Household Income Data (Venezuela 2013-2020) 25
Table: Labour Market Data (Venezuela 2013-2020) . . . . 27
Demographic Forecast ........ 28
Latest Updates  28
Structural Trends ..... 29
Table: Total Population (Venezuela 2013-2020) . . . 30
Table: Population: Babies (Venezuela 2013-2020) 30
Table: Population: Children (Venezuela 2013-2020) . . . 31
Table: Population: Young Teens And Older Children (Venezuela 2013-2020) . . 31
Table: Population: Young People (Venezuela 2013-2020) . . . 31
Table: Population: Older Teenagers (Venezuela 2013-2020) 32
Table: Population: 21 Years Plus (Venezuela 2013-2020) . . . 32
Table: Population: Young Adults (Venezuela 2013-2020) . . . 32
Table: Population: Middle Aged (Venezuela 2013-2020) . . . . 33
Table: Population: Urban/Rural (Venezuela 2013-2020) . . . . 33
Industry Risk Reward Ratings  34
Latin America And The Caribbean Risk/Reward Index ... 34
Table: Latin America And The Caribbean Retail Risk/Reward Index, Q316 . . . . 34
Venezuela - Risk/Reward Index ...... 35
Rewards ........ 35
Risks .... 36
Market Overview ... 37
Structural Trends ..... 37
Shopping Centres ..... 38
Department Stores .... 38
Clothing And Footwear ...... 38
Household Goods, Homeware And Home Improvement  39
Electronics .... 39
Pharmacies And Drugstores  39
E-Commerce .. 39
Competitive Landscape . 40
Clothing And Footwear ...... 40
Table: Selected Clothing And Footwear Retailers . . 40
Household Goods, Homeware And Home Improvement  41
Table: Selected Household Goods, Homeware And Home Improvement Retailers . . . 41
Electronics .... 41
Table: Selected Electronics Retailers 41
Department Stores .... 42
Table: Selected Department Stores . . 42
E-Commerce .. 42
Table: Selected E-Commerce Retailers . . . 42
Pharmacies And Drugstores  43
Table: Selected Pharmacies And Drug Stores . 43
Glossary ........ 44
Methodology . 51
Industry Forecast Methodology .... 51
Sources  54
Risk/Reward Index Methodology ... 54
Table: Retail Risk/Reward Index Indicators . . . 55
Table: Weighting Of Indicators . 57

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