1. Market Research
  2. > Retail Market Trends
  3. > Nigeria Retail Report Q4 2016

Nigeria Retail Report Q4 2016

  • August 2016
  • -
  • Business Monitor International
  • -
  • 67 pages

Includes 3 FREE quarterly updates


BMI View:

Nigeria will endure an economic contraction in 2016, driven by external and domestic challenges, exacerbated by a series of controversial monetary and fiscal policy developments. We believe that the economy bottomed out in the second quarter of the year and, therefore, forecast a 0.8% real GDP contraction in 2016 as a result. Furthermore, inflation has risen sharply over the past several months, and averaged 13.3% over the first six months of 2016, rising from 9.6% in January to 16.5% in June. While this may impact negatively on household spending, overall consumer spending patterns are unlikely to change significantly, meaning that any increases in non-essentials spending will be driven primarily by the highestearning Nigerian households. Key Views And Developments

- We forecast consumer price inflation to average 15.1% in 2016, up from last year's estimated 9.0%, stretching household budgets and reducing spending on non-essentials.

- We hold to our view that the Nigerian naira will strengthen before the end of 2016, as macroeconomic conditions will encourage a return in investment, and therefore expect investment in the retail sector to remain buoyant.

- Almost 2.2mn households will be in the USD10,000-plus income bracket by the end of 2016, representing 4.1% of the total.

- Mstore owner, Dubai-based MidCom Group, announced in August 2016 that it would be investing a further USD50mn in expanding its mobile phone and electronic goods outlets across Africa over the next three years, including building its presence in Nigeria.

- US-based hair beauty retailer Her Imports reported in July 2016 that sales from its new store in Lagos were four times higher than projected, following its first month of trading.

Table Of Contents

Nigeria Retail Report Q4 2016
BMI Industry View 7
SWOT 9
Industry Forecast 10
Headline Retail Forecast 10
Table: Total Household Spending (Nigeria 2013-2020) 12
Table: Retail Sector Spending, % Of Total (Nigeria 2013-2020) 13
Table: Retail Sector Spending, % of GDP (Nigeria 2013-2020) 14
Table: Headline Retail Sector Spending (Nigeria 2013-2020) 16
Retail Sector Forecast 19
Food, Drink And Tobacco 21
Table: Food, Drink and Tobacco Spending (Nigeria 2013-2020) 21
Clothing And Footwear 22
Table: Clothing and Footwear Spending (Nigeria 2013-2020) 22
Household Goods 23
Table: Household Goods Spending (Nigeria 2013-2020) 23
Table: Consumer Electronics Spending (Nigeria 2013-2020) 24
Table: Toys, Sports, Gardens and Pets Spending (Nigeria 2013-2020) 25
Personal Care 25
Table: Personal Care Spending (Nigeria 2013-2020) 25
Household Numbers and Income Forecast 27
Table: Household Income Data (Nigeria 2013-2020) 28
Demographic Forecast 32
Table: Total Population (Nigeria 2013-2020) 35
Table: Population: Babies (Nigeria 2013-2020) 35
Table: Population: Young Children (Nigeria 2013-2020) 36
Table: Population: Children (Nigeria 2013-2020) 36
Table: Population: Young Teens and Older Children (Nigeria 2013-2020) 36
Table: Population: Young People (Nigeria 2013-2020) 37
Table: Population: Older Teenagers (Nigeria 2013-2020) 37
Table: Population: 21yrs + (Nigeria 2013-2020) 38
Table: Population: Young Adults (Nigeria 2013-2020) 38
Table: Population: Middle Aged (Nigeria 2013-2020) 38
Table: Population: Urban (Nigeria 2013-2020) 39
Industry Risk/Reward Index 40
Sub-Saharan Africa Risk/Reward Index 40
Table: Sub-Saharan Africa Retail Risk/Reward Index, Q416 40
Industry Risk Reward Index 41
Rewards 41
Risks 42
Market Overview 44
Competitive Landscape 50
Clothing And Footwear 50
Table: Selected Clothing and Footwear Retailers 50
Household Goods 50
Table: Selected Household Goods/Homeware/Home Improvement Retailers 50
Electronics 51
Table: Selected Electronics Retailers 51
Department Stores 52
Table: Selected Department Stores 52
E-Commerce 53
Table: Selected E-Commerce/Online Marketplaces 53
Drug Stores/Pharmacies 53
Table: Selected Drug Stores/Pharmacies 53
Glossary 54
Methodology 61
Industry Forecast Methodology 61
Sources 64
Risk/Reward Index Methodology 64
Table: Retail Risk/Reward Index Indicators 65
Table: Weighting Of Indicators 67

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Retail Sales of Clothing, Footwear, Accessories and Luxury Goods Specialists: Market Size, Growth and Forecast to 2020

Global Retail Sales of Clothing, Footwear, Accessories and Luxury Goods Specialists: Market Size, Growth and Forecast to 2020

  • $ 10995
  • Industry report
  • August 2016
  • by Verdict Retail

Summary Verdict Retail's, "Global Retail Sales of Clothing, Footwear, Accessories and Luxury Goods Specialists: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics ...

Global Retail Sales of Home Improvement and Gardening Supplies Retailers: Market Size, Growth and Forecast to 2020

Global Retail Sales of Home Improvement and Gardening Supplies Retailers: Market Size, Growth and Forecast to 2020

  • $ 10995
  • Industry report
  • August 2016
  • by Verdict Retail

Summary Verdict Retail's, "Global Retail Sales of Home Improvement and Gardening Supplies Retailers: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails ...

Global Retail Sales of Duty Free Retailing: Market Size, Growth and Forecast to 2020

Global Retail Sales of Duty Free Retailing: Market Size, Growth and Forecast to 2020

  • $ 10995
  • Industry report
  • August 2016
  • by Verdict Retail

Summary Verdict Retail's, "Global Retail Sales of Duty Free Retailing: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking ...


Download Unlimited Documents from Trusted Public Sources

Retail Markets in the US - Forecast

  • December 2016
    11 pages
  • Retail  

  • United States  

View report >

Retail Demand Analysis

  • December 2016
    3 pages
  • Retail  

  • Europe  

    China  

    United States  

View report >

Retail Industry in the US

  • December 2016
    12 pages
  • United States  

View report >

Related Market Segments :

Retail
Housing

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.