Business Monitor International


Philippines Retail Report

Published 15 July 2014

  • 65 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Retail Report

BMI View: An expanding population with increasing levels of disposable income should result in a strong rise in household spending across all retail subsectors in the Philippines over the next few years. We are particularly positive about the future growth prospects for communications, health and transport, with spending on restaurants and hotels and furnishing and home also set to rise. However, we expect the highest proportion of the household budget to be spent on food and drink throughout our forecast period, with personal, insurance and other spending also taking a substantial share.

The Philippines retail report provides an extensive and comprehensive forecast of various retail indicators including household spending and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts and a detailed breakdown of household and per capita spending across a large number of retail areas including food and drink, clothing and footwear, household goods and a number of other subsectors.

The Philippine retail landscape is still dominated by neighbourhood sari-sari convenience stores, pavement vendors and open-air markets, especially in rural areas. However, consumers are increasingly buying more goods in supermarkets and hypermarkets, attracted by promotions and affordable packs. In the Manila metropolitan area (Metro Manila) and other major urban areas, small grocery stores, convenience stores and gas-marts are being joined by supermarkets, hypermarkets, department and speciality stores, as well as by modern shopping malls.

In a country in which almost a third of the population is in the 20-39 year age range, important for household spending on the retail sector, 'mega-malls' are attracting young consumers who aspire to the international brands that are increasingly becoming available. The wide choice of goods and leisure facilities available in the country's shopping malls also appeals to overseas...

Table of Contents

BMI Industry View
7
SWOT
8
Political
10
Economic
12
Industry Forecast
13
Retail Growth Outlook
13
Table: Philippines Retail Sales Indicators, 2010-2017
13
Table: Retail Sales Breakdown By Key Segment, 2013f
15
Macroeconomic Forecasts
16
Economic Analysis
16
Bullish Signals For Investment
18
FDI Set To Improve, But Still Has A Long Way To Go
19
(Un)Ease Of Doing Business
20
Expenditure Breakdown
21
Table: Philippines - Economic Activity
22
Industry Risk Reward Ratings
23
Asia Pacific Risk/Reward Ratings
23
Asia Pacific Risk/Reward Ratings
23
Table: Asia Pacific Retail Risk/Reward Ratings
24
Philippines Risk/Reward Ratings
25
Market Overview
27
Market Overview
27
Current Trends
29
Key Players
32
Regional Overview
34
Asia Pacific Overview
34
Table: Asia Pacific Retail Sales, 2010-2017 (US$bn)
34
Table: Share Of Regional Retail Sales, 2010-2017 (%)
36
Table: Asia Pacific Food Consumption, 2010-2017 (US$bn)
38
Key Growth Drivers
43
Economic Growth
43
Population Growth
44
Urbanisation
44
Growth In Organised Retail
44
Westernisation
44
Multinational Investment
45
Tourism
46
Table: Asia Pacific Macroeconomic Outlook, 2010-2017
47
Mass Grocery Retail
49
Mass Grocery Retail
51
Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2010-2017
53
Table: Sales Breakdown By Retail Format Type
53
Market Overview
54
Table: Table: Mass Grocery Retail Market By Estimated Number Of Outlets
55
Table: Table: Average Sales Per Outlet By Format - 2012
55
Table: Table: Mass Grocery Retail Sales By Format (PHPbn)
55
Autos
56
SWOT
56
Industry Forecast
57
Table: Philippines Auto Industry - Sales, 2011-2017
58
Table: Philippines Auto Industry - Production, 2011-2017
60
Table: Philippines Automotive Market: Auto Trade Balance
62
Competitive Landscape
65
Passenger Cars
65
Table: Top 10 Carmakers In Philippines By Sales (Units), 2011-2012
66
Company News
66
Chinese Influx
68
Commercial Vehicles
69
Table: Philippines Commercial Vehicles - Production & Sales, 2011-2017
69
Motorcycles
69
Consumer Electronics
71
SWOT
71
Industry Forecast
73
Table: Consumer Electronics Overview
73
Market Overview
75
Computers
75
Table: Computers - Demand, 2010-2017
76
AV Devices
79
Table: AV - Demand, 2010-2017
80
Mobile Devices
82
Table: Mobile Handsets - Demand, 2010-2017
83
Demographic Forecast
88
Demographic Outlook
88
Table: Philippines' Population By Age Group, 1990-2020 ('000)
89
Table: Philippines' Population By Age Group, 1990-2020 (% of total)
90
Table: Philippines' Key Population Ratios, 1990-2020
91
Table: Philippines' Rural And Urban Population, 1990-2020
91
Methodology
92
Sources
93

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, (US$bn and local currency, % growth, % GDP, per capita, per household); Spending by Retail Sector for: food and non-alcoholic drink, alcoholic drink, clothing and footwear, housing and utilities, furnishings and home, health, transport, recreation, education, transport, restaurants and hotels, personal care and insurance (US$bn and local currency, % growth, % GDP, % of total spending)

Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tableware, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (US$bn, % 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 – US$5000+, US$10,000+ US$50000+ (‘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).

Industry Risk Reward Rankings

BMI’s Retail Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors in the regional retail market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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