Business Monitor International


Philippines Retail Report

Published 02 February 2015

  • 69 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Retail Report

BMI View: The Philippines has experienced resilient economic growth and this has helped elevate disposable incomes across the country. As a result, urban dwellers are becoming increasingly affluent and we expect rising household spending levels, particularly on non-essential luxury items . We also expect to see the expansion of 24-hour convenience store retailers , and the expansion of modern, high-end shopping mall formats in the largest cities.

Owing to a favourable economic environment over recent years, the Philippines have managed to elevate a large number of its population out of poverty while increasing overall disposable household incomes, particularly in urban areas. These economic improvements, as well as a relatively young population are fuelling the changes we now see in the Philippines retail market. Changes in spending-patterns are driving the demand for 24-hour convenience stores and we are also seeing the popularity of international fashion brands increase. Nonetheless, the country's rural areas have experienced less growth with the more traditional retail formats prevailing. Pavement vendors and open-air markets continue to play a crucial role in the rural retail landscape and we foresee less dramatic changes in this area over our forecast period.

Owing to a favourable economic environment over recent years, the Philippines have managed to elevate a large number of its population out of poverty while increasing overall disposable household incomes, particularly in urban areas. These economic improvements, as well as a relatively young population are fuelling the changes we now see in the Philippines retail market. Changes in spending-patterns are driving the demand for 24-hour convenience stores and we are also seeing the popularity of international fashion brands increase. Nonetheless, the country's rural areas have experienced less growth with the more traditional retail formats prevailing. Pavement vendors and open-air markets continue...

Table of Contents

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Industry Forecast
13
Headline Retail Forecast
13
Table: Total Household Spending (Philippines 2011-2018)
15
Table: Retail Sector Spending, % Of Total (Philippines 2011-2018)
16
Table: Headline Retail Sector Spending (Philippines 2011-2018)
18
Table: Retail Sector Spending, % of GDP (Philippines 2011-2018)
19
Retail Sector Forecast
21
Food, Drink & Tobacco
22
Table: Food, Drink & Tobacco Spending (Philippines 2011-2018)
22
Clothing & Footwear
23
Table: Clothing & Footwear Spending (Philippines 2011-2018)
24
Household Goods
24
Table: Household Goods Spending (Philippines 2011-2018)
25
Personal Care
25
Table: Personal Care Spending (Philippines 2011-2018)
26
Household Numbers And Income Forecast
27
Table: Household Income Data (Philippines 2011-2018)
29
Demographic Forecast
30
Table: Total Population (Philippines 2011-2018)
32
Table: Population: Babies (Philippines 2011-2018)
32
Table: Population: Young Children (Philippines 2011-2018)
33
Table: Population: Children (Philippines 2011-2018)
33
Table: Population: Young Teens and Older Children (Philippines 2011-2018)
33
Table: Population: Young People (Philippines 2011-2018)
34
Table: Population: Older Teenagers (Philippines 2011-2018)
34
Table: Population: 21yrs + (Philippines 2011-2018)
34
Table: Population: Young Adults (Philippines 2011-2018)
35
Table: Population: Middle Aged (Philippines 2011-2018)
35
Table: Population: Urban (Philippines 2011-2018)
35
Macroeconomic Forecasts
36
Economic Analysis
36
Remittances To Remain Supportive Of Private Consumption Growth
37
Modest Export Rebound On The Cards
38
Investment To Recover Amid Rising Business Confidence
39
Rebuilding Efforts To Spur Government Spending
40
Risks To Outlook
40
Table: Economic Activity (Philippines 2009-2018)
40
Industry Risk Reward Ratings
41
Philippines Risk/Reward Ratings
41
Rewards
41
Risks
41
Table: Asia - Retail Risk Reward Index
41
Asia Risk/Reward Index
43
Table: Asia Retail Risk/Reward Index
43
Market Overview
44
Retail Subsectors
46
Competitive Landscape
48
Department Store Groups
48
MGR
49
Fashion
50
Consumer Electronics
50
Glossary
52
Demographic Forecast
60
Demographic Outlook
60
Table: The Philippines' Population By Age Group, 1990-2020 ('000)
61
Table: The Philippines' Population By Age Group, 1990-2020 (% of total)
62
Table: The Philippines' Key Population Ratios, 1990-2020
63
Table: The Philippines' Rural And Urban Population, 1990-2020
63
Methodology
64
Industry Forecast Methodology
64
Sources
67
Risk/Reward Index Methodology
67
Table: Retail Risk/Reward Index Indicators
69
Table: Weighting Of Indicators
70

The Philippines 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 Philippines 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.

Key Benefits

  • Benchmark BMI's independent retail industry forecasts for Philippines to test other views - a key input for successful budgeting and strategic business planning in the Philippine retail market.
  • Target business opportunities and risks in Philippines through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

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.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

There are four separate 5-year forecast modules in the retail reports. These are:

  • Headline Retail Forecast: Total household spending (local currency and USDbn, % growth, % GDP, per capita, per household), spending by retail sector (food & non-alcoholic drink, alcoholic drink, clothing & footwear, housing & utilities, furnishings & home, health, transport, recreation, education, restaurants & hotels, personal care & insurance (local currency and USDbn, % growth, % GDP, % of total spending)
  • Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tablewear, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (USDbn, % Growth)
  • Household Income and Numbers Forecast: Number of Households (‘000, % growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes – USD5000+, USD10,000+ USD50000+ (‘000, % of total); labour force, employment and unemployment (‘000, % change)
  • Demographic Forecast: Total population; Babies 0-12 months; Young Children 0-4yrs; Children 5-9yrs; Young Teens and Older Children 10-14yrs; Older Teens 15-19yrs; Adults 21yrs +; Young Adults 21-29yrs; Middle Aged 40-64yrs (‘000, % growth, male, female); Urban Population (‘000, % population); Rural Population (‘000, % population).

BMI’s Retail Risk Reward Index

BMI’s Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

Provides a detailed country-specific analysis of the key trends and developments in the retail sector as a whole, as well as an assessment of the main drivers affecting the major retail segments including mass grocery retail, fashion, pharmacies, consumer electronics, home improvement and personal care. The market overview also considers the most effective store formats in a given country and the impact of these factors on the main international and domestic players’ development strategies.

Competitive Landscape

This provides a brief overview of the key players in each subsection of the retail sector including MGR, Fashion, Home Improvement, Consumer Electronics, Pharmacies, and Department Store chains.

Sources

The Retail Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc