Philippines Retail Report Q1 2016

Date: November 11, 2015
Pages: 66
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: P11F6B5021AEN

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Includes 3 FREE quarterly updates

BMI View: Owing to favourable economic conditions, the Philippines has successfully managed to elevate a large number of its population out of poverty and also increase overall disposable household incomes, particularly in urban areas. These economic improvements, as well as a relatively young population, are affected by the developments we now see in the Philippines retail market. Nevertheless, the country's rural areas have experienced much slower growth, with traditional retail formats prevailing. Pavement vendors and open-air markets will continue to play a crucial role in the rural retail landscape and we foresee less dramatic changes in this area over our forecast period.

We retain our positive outlook for the Philippine economy, with real GDP growth forecasted at 6.0% in both 2015 and 2016, resulting in an increased employment and disposable incomes. However, a large part of the country's population remains employed in low-wage jobs in the agricultural and industrial sectors and will continue to be reliant on remittance inflows from Filipinos working overseas. We expect this to rise further over the coming quarters as more Filipinos move away and seek better job opportunities abroad. These trends will bode well for the retail sector. Not only will poverty in the country decline further over our five-year forecast period, but affluence levels will also increase, resulting in higher spending on the retail sector and strong growth in non-grocery and non-essential segments over the medium term.
BMI Industry View
Industry Forecast
Headline Retail Forecast
  Table: Total Household Spending (Philippines 2012-2019)
  Table: Retail Sector Spending, % Of Total (Philippines 2012-2019)
  Table: Retail Sector Spending, % Of GDP (Philippines 2012-2019)
  Table: Headline Retail Sector Spending (Philippines 2012-2019)
Retail Sector Forecast
Food, Drink & Tobacco
  Table: Food, Drink & Tobacco Spending (Philippines 2012-2019)
Clothing & Footwear
  Table: Clothing & Footwear Spending (Philippines 2012-2019)
Household Goods
  Table: Household Goods Spending (Philippines 2012-2019)
Personal Care
  Table: Personal Care Spending (Philippines 2012-2019)
Household Numbers And Income Forecast
  Table: Household Income Data (Philippines 2012-2019)
Demographic Forecast
  Table: Total Population (Philippines 2012-2019)
  Table: Population: Babies (Philippines 2012-2019)
  Table: Population: Young Children (Philippines 2012-2019)
  Table: Population: Children (Philippines 2012-2019)
  Table: Population: Young Teens And Older Children (Philippines 2012-2019)
  Table: Population: Young People (Philippines 2012-2019)
  Table: Population: Older Teenagers (Philippines 2012-2019)
  Table: Population: 21yrs+ (Philippines 2012-2019)
  Table: Population: Young Adults (Philippines 2012-2019)
  Table: Population: Middle Aged (Philippines 2012-2019)
  Table: Population: Urban (Philippines 2012-2019)
Macroeconomic Forecasts
Economic Analysis
  Table: Economic Activity (Philippines 2010-2019)
Industry Risk/Reward Index
Asia Risk/Reward Index
  Table: Asia Pacific Retail Risk/Reward Index, Q116
Philippines Risk/Reward Index
Market Overview
Competitive Landscape
Department Store Groups
Mass Grocery Retail
Consumer Electronics
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Retail Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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