Research and Markets (http://www.researchandmarkets.com/research/2a00a9/russia_retail_repo) has announced the addition of the "Russia Retail Report Q1 2011" report to their offering.
Business Monitor International's Russia Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russia's retail industry.
The Q111 BMI Russia Retail report predicts that the country's total retail sales will increase by more than 19% in local currency terms by 2014, growing from a projected RUB15.29trn (US$615.24bn) in 2011 to RUB18.22trn (US$732.85bn). Rising disposable incomes, an expanding middle class and rising levels of credit penetration are key factors behind retail market expansion. Accelerating foreign direct investment (FDI) has allowed retailers to make significant inroads into the market, contributing to forecast annual average retail sales growth of 6% in local currency terms.
Russia's nominal GDP is predicted to be US$1,717.42bn in 2011, with growth of 4.3% expected, up from 4.1% in 2010. Average annual GDP growth of 4.4% is forecast by BMI between 2011 and 2014. Although the population is forecast to decrease, from 141.2mn in 2011 to an estimated 139.5mn by 2014, GDP per capita is predicted to rise by nearly 60% by the end of the forecast period, reaching US$19,436. Our forecast for consumer spending per capita is for an increase from US$894.61 in 2011 to US$1,453.38 by 2014.
The country's large population and the affluent urban population of Moscow in particular is providing a solid base for the expansion of the retail market. Russia has 13 cities with more than 1mn people, and consumers are increasingly looking to modern retail outlets for aspirational purchases.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Business Environment Outlook
- Industry Forecast Scenario
- Mass Grocery Retail
- Consumer Electronics
- Automotives
- Country Snapshot: Russia Demographic Data
- Methodology
For more information visit http://www.researchandmarkets.com/research/2a00a9/russia_retail_repo
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