Singapore Retail Report Q1 2016

Date: October 28, 2015
Pages: 63
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Despite short-term headwinds, we believe that strong economic fundamentals will continue to drive growth in Singapore's retail market. We forecast headline household spending to increase by a compound annual growth rate (CAGR) of 4.9% over the next five years, reaching USD144.9bn in 2019. Consumer spending in will remain largely concentrated on four categories - housing and utilities, personal and insurance, recreation and culture as well as transport - which together are forecast to represent 62.3% of the total household expenditure in 2019. Rising incomes, highly developed financial services sector and cost-efficient public services will continue to fuel spending on luxury and non-essential goods and services.

Singapore is home to some of the most modern retail formats on the globe, with a large number of shopping mall complexes relative to country's rather small population size. Many shopping malls are adjoined to the subway (MRT) stations throughout the city. Orchard Road is the key shopping area for retailers of the traditional formats with a plethora of shopping malls and high-end shops and state of the art infrastructure and complimentary services. It is also the main shopping district, particularly for tourists, as shoppers look to take advantage of the low rate of sales tax in the country. Despite continued dominance of traditional retailers, e-commerce is starting to lift-off despite the slow initial growth. Online sales have a lot of potential to expand as smart-phone penetration rates in Singapore are exceptionally high. That said, considering small size of the city-state, the physical stores are rarely out of reach for consumers.
BMI Industry View
Retail SWOT
Industry Forecast
Headline Retail Forecast
  Table: Total Household Spending (Singapore 2012-2019)
  Table: Retail Sector Spending, % Of Total (Singapore 2012-2019)
  Table: Headline Retail Sector Spending (Singapore 2012-2019)
  Table: Retail Sector Spending, % of GDP (Singapore 2012-2019)
Retail Sector Forecast
Food, Drink and Tobacco
  Table: Food, Drink & Tobacco Spending (Singapore 2012-2019)
Clothing And Footwear
  Table: Clothing & Footwear Spending (Singapore 2012-2019)
Household Goods
  Table: Household Goods Spending (Singapore 2012-2019)
Personal Care
  Table: Personal Care Spending (Singapore 2012-2019)
Household Numbers And Income Forecast
  Table: Household Income Data (Singapore 2012-2019)
  Table: Labour Market Data (Singapore 2012-2019)
Demographic Forecast
  Table: Total Population (Singapore 2012-2019)
  Table: Population: Babies (Singapore 2012-2019)
  Table: Population: Young Children (Singapore 2012-2019)
  Table: Population: Children (Singapore 2012-2019)
  Table: Population: Young Teens and Older Children (Singapore 2012-2019)
  Table: Population: Young People (Singapore 2012-2019)
  Table: Population: Older Teenagers (Singapore 2012-2019)
  Table: Population: 21yrs + (Singapore 2012-2019)
  Table: Population: Young Adults (Singapore 2012-2019)
  Table: Population: Middle Aged (Singapore 2012-2019)
  Table: Population: Urban (Singapore 2012-2019)
Macroeconomic Forecast
Economic Analysis
Industry Risk Reward Ratings
Asia Risk/Reward Index
  Table: Asia Pacific Retail Risk/Reward Index, Q116
Singapore 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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Singapore Retail Report Q2 2016 US$ 1,295.00 Feb, 2016 · 56 pages
Singapore Retail Report Q3 2016 US$ 1,295.00 May, 2016 · 60 pages
Singapore Retail Report Q4 2016 US$ 1,295.00 Aug, 2016 · 62 pages

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