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Singapore Retail Report Q2 2016

  • February 2016
  • -
  • Business Monitor International
  • -
  • 56 pages

BMI View: We see little prospects for a significant recovery in Singapore's economic growth over thecoming year, amid poor external demand conditions and ongoing domestic structural difficulties. Followinga 2.1% expansion in 2015, we hold our forecast for real GDP growth to hit 2.3% in 2016. Nonetheless, wemaintain our view that strong economic fundamentals will continue to drive expansion in Singapore's retailmarket. Supported by an extremely tight labour market and gradual wage rises, we forecast real privateconsumption growth to accelerate to 4.3% in 2016 (up from 3.5% in 2015).

Key Views & Developments:

- According to the Department of Statistics Singapore, retail sales (seasonally adjusted) increased by 1.4%(month-on-month) in November 2015. Compared to November 2014, total retail sales increased 4.7% inNovember 2015, mainly due to higher sales in motor vehicles. Excluding motor vehicles, retail salesdeclined 2.0%.

Table Of Contents

Singapore Retail Report Q2 2016
BMI Industry View 7
SWOT 9
Retail SWOT 9
Industry Forecast 11
Headline Retail Forecast 11
Table: Total Household Spending (Singapore 2013-2020) 12
Table: Retail Sector Spending, % Of Total (Singapore 2013-2020) 13
Table: Headline Retail Sector Spending (Singapore 2013-2020) 14
Table: Retail Sector Spending, % of GDP (Singapore 2013-2020) 16
Retail Sector Forecast 17
Food, Drink and Tobacco 18
Table: Food, Drink and Tobacco Spending (Singapore 2013-2020) 19
Clothing And Footwear 19
Table: Clothing and Footwear Spending (Singapore 2013-2020) 20
Household Goods 20
Table: Household Goods Spending (Singapore 2013-2020) 21
Personal Care 22
Table: Personal Care Spending (Singapore 2013-2020) 22
Household Numbers And Income Forecast 23
Table: Household Income Data (Singapore 2013-2020) 24
Table: Labour Market Data (Singapore 2013-2020) 26
Demographic Forecast 27
Table: Total Population (Singapore 2013-2020) 28
Table: Population: Babies (Singapore 2013-2020) 28
Table: Population: Young Children (Singapore 2013-2020) 29
Table: Population: Children (Singapore 2013-2020) 29
Table: Population: Young Teens and Older Children (Singapore 2013-2020) 29
Table: Population: Young People (Singapore 2013-2020) 30
Table: Population: Older Teenagers (Singapore 2013-2020) 30
Table: Population: 21yrs + (Singapore 2013-2020) 30
Table: Population: Young Adults (Singapore 2013-2020) 31
Table: Population: Middle Aged (Singapore 2013-2020) 31
Table: Population: Urban (Singapore 2013-2020) 31
Industry Risk Reward Ratings 32
Asia Risk/Reward Index 32
Table: Asia Pacific Retail Risk/Reward Index, Q216 32
Singapore Risk/Reward Index 33
Rewards 33
Risks 34
Market Overview 35
Competitive Landscape 39
Clothing and Footwear 39
Table: Major Clothing and Footwear Companies 39
Household Goods 40
Table: Major Household Goods Companies 40
Electronics 40
Table: Major Electronics Retail Companies 40
Department Stores 41
Table: Major Department Stores Companies 41
E-commerce 41
Table: Major E-commerce Companies 41
Pharmacies 42
Table: Major Pharmacy Companies 42
Glossary 43
Methodology 50
Industry Forecast Methodology 50
Sources 53
Risk/Reward Index Methodology 53
Table: Retail Risk/Reward Index Indicators 54
Table: Weighting Of Indicators 56

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