Business Monitor International


Philippines Retail Report

Published 19 August 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 & hotels and furnishing & home also set to rise. However, we expect the highest proportion of the household budget to be spent on food and drink s throughout our forecast period, with personal, insurance & 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
9
Political
11
Economic
12
Industry Forecast
13
Headline Retail Forecast
13
Table: Total Household Spending, 2011-2018
15
Table: Retail Sector Spending (%), 2011-2018
15
Table: Headline Retail Sector Spending, 2011-2018
18
Table: Retail Sector Spending as % of GDP, 2011-2018
19
Retail Sector Forecast
20
Food, Drink and Tobacco
21
Table: Food, Drink and Tobacco Spending, 2011-2018
22
Clothing and Footwear
23
Table: Clothing and Footwear Spending, 2011-2018
23
Household Goods
24
Table: Household Goods Spending, 2011-2018
24
Personal Care
25
Table: Personal Care Spending, 2011-2018
26
Household Numbers And Income Forecast
27
Table: Household Data, 2011-2018
28
Demographic Forecast
30
Table: Total Population, 2011-2018
32
Table: Population: Babies, 2011-2018
32
Table: Population: Young Children, 2011-2018
32
Table: Population: Children, 2011-2018
33
Table: Population: Young Teens and Older Children, 2011-2018
33
Table: Population: Young People, 2011-2018
33
Table: Population: Older Teenagers, 2011-2018
34
Table: Population: 21yrs +, 2011-2018
34
Table: Population: Young Adults, 2011-2018
34
Table: Population: Middle Aged, 2011-2018
35
Table: Population: Urban, 2011-2018
35
Macroeconomic Forecasts
36
Investment To Continue Its Charge
36
Likely Recovery In The Export Sector
38
Typhoon Yolanda To Spur Public Spending
39
Remittances Supporting Private Consumption Growth
39
Risks To Economic Outlook
40
Table: Philippines - Economic Activity
41
Industry Risk Reward Ratings
42
Asia Risk/Reward Ratings
42
Table: Asia Retail Risk/Reward Ratings
42
Philippines Risk/Reward Ratings
43
Rewards
43
Risks
43
Market Overview
44
Retail Subsectors
46
Competitive Landscape
48
Department Store Groups
48
SM Prime
48
Stores Specialists Inc
48
MGR
48
Puregold Price Club/S&R Membership Shopping
49
Varejo Corp/Estenso Equities
49
Fashion
49
Penshoppe
50
Debenhams
50
Consumer Electronics
50
SM Appliance
50
Sennheiser
51
Glossary
52
Methodology
59
Industry Forecast Methodology
59
Sources
62
Risk/Reward Rating Methodology
62
Table: Retail Risk/Reward Ratings Indicators
64
Table: Weighting Of Indicators
65

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.

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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