Fast Market Research recommends "Chile Retail Report Q1 2015" from Business Monitor International, now available
[USPRwire, Tue Jan 20 2015] The Chilean retail sector is to remain one of the most open and attractive within the region for foreign investment during our forecast period, between 2015 and 2019. Consumer demand will be fuelled as disposable incomes rise as a result of the expanding middle class and falling unemployment levels. Our forecast that total household spending will increase during the period supports this view as well as highlighting opportunities for investment in the retail sector.
Within the region, Chile boasts one of the strongest economies and, coupled with its low barriers to entry, it will continue to attract foreign retailers. From 2016, total household spending is expected to experience steady growth which will be reinforced by the percentage of the population earning USD10,000-plus and the low rate of unemployment, a reflection of the increasing affluence of the economy as a whole. As a result of this, households will experience a rise in disposable income, which we expect will contribute to a rise in spending on non-essential items, in particular spending within the communications sector, on recreation and culture and on transport are to experience the highest growth rates in 2015. Transport already claims a large portion of total household spending and we forecast that it will increase its share throughout our forecast period. Whilst spending on communications and recreation and culture account for a much smaller share of total spending, both sectors are also set to increase their overall share by 2019.
While spending on 'luxury' items suggests that there is plenty of opportunity for investment in Chile, the government is also committed to providing the infrastructure to support the implementation of this. In Santiago particularly, the retail market is already well developed with a range of shopping centres and department stores offering high-end fashion retailing to plenty of supermarkets and convenience stores. As this market is relatively saturated, it...
The Chile 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 Chile 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 Chile to test other views - a key input for successful budgeting and strategic business planning in the Chilean retail market.
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