Philippines Retail Report

Providing expert analysis, independent forecasts and competitive intelligence on the retail industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Retail Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Philippines Retail Report
Product Price
$1,295.00

BMI View: We expect the Philippines to sustain its strong GDP growth rate throughout 2016 and into 2017 on the back of robust private consumption. Inward remittances will remain high as the number of Filipinos working overseas continues to climb while income levels will continue to improve, particularly in the country's urban areas. Despite this, the vast majority of spending will remain concentrated on essential goods and services, with food & drink consuming more than a third of the household budget.

Headline Household Spending
(2014-2020)
e/f = BMI estimate/forecast. Source: BMI, National Statistics Office

Key Trends & Developments

  • Japanese fashion retailer Uniqlo will open six stores in Luzon and Visayas by June 2016.

  • At the end of February 2016, international clothing brand American Eagle Outfitters opened its first Philippine mall outlet at SM Seaside City in South Rd Properties, Cebu, bringing the total outlets within the country to 11.

  • In March 2016 Jakarta-based HappyFresh announced it will be bringing its online grocery store service to the Philippine market by the second quarter of 2016.

  • In April 2016, Japanese convenience store brand Lawson opened their 20th shop in the Philippines as part of their continued expansion.

  • In April 2016 the world's largest e-commerce company Alibaba acquired a controlling interest in South East Asia's largest online department store, Lazada.

BMI Industry View
7
SWOT
9
Industry Forecast
11
Headline Retail Forecast
11
Table: Total Household Spending (Philippines 2013-2020)
13
Table: Retail Sector Spending, % Of Total (Philippines 2013-2020)
14
Table: Retail Sector Spending, % of GDP (Philippines 2013-2020)
15
Table: Headline Retail Sector Spending (Philippines 2013-2020)
16
Retail Sector Forecast
18
Food, Drink & Tobacco
19
Table: Food, Drink & Tobacco Spending (Philippines 2013-2020)
20
Clothing & Footwear
21
Table: Clothing & Footwear Spending (Philippines 2013-2020)
21
Household Goods
22
Table: Household Goods Spending (Philippines 2013-2020)
22
Personal Care
23
Table: Personal Care Spending (Philippines 2013-2020)
23
Household Numbers And Income Forecast
25
Table: Household Income Data (Philippines 2013-2020)
26
Demographic Forecast
30
Table: Total Population (Philippines 2013-2020)
33
Table: Population: Babies (Philippines 2013-2020)
33
Table: Population: Young Children (Philippines 2013-2020)
34
Table: Population: Children (Philippines 2013-2020)
34
Table: Population: Young Teens and Older Children (Philippines 2013-2020)
34
Table: Population: Young People (Philippines 2013-2020)
35
Table: Population: Older Teenagers (Philippines 2013-2020)
35
Table: Population: 21yrs + (Philippines 2013-2020)
36
Table: Population: Young Adults (Philippines 2013-2020)
36
Table: Population: Middle Aged (Philippines 2013-2020)
37
Table: Population: Urban (Philippines 2013-2020)
37
Industry Risk/Reward Index
38
Asia Pacific Risk/Reward Index
38
Table: Asia Pacific Retail Risk/Reward Index, Q316
38
Philippines Risk/Reward Index
39
Rewards
39
Risks
40
Market Overview
42
Competitive Landscape
46
Clothing & Footwear
46
Table: Selected Clothing & Footwear Retailers
46
Household Goods
47
Table: Selected Household Goods Retailers
47
Electronics
47
Table: Selected Electronics Retailers
47
Department Stores
48
Table: Selected Department Stores Retailers
48
E-commerce
48
Table: Selected E-commerce Retailers
48
Pharmacies
49
Table: Selected Pharmacies
49
Glossary
50
Methodology
57
Industry Forecast Methodology
57
Sources
60
Risk/Reward Index Methodology
60
Table: Retail Risk/Reward Index Indicators
61
Table: Weighting Of Indicators
63

The Philippines Retail Report has been researched at source and features BMI Research'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 (local currency and USDbn, % growth, % GDP, per capita, per household), spending by retail sector (food & non-alcoholic drink, alcoholic drink, clothing & footwear, housing & utilities, furnishings & home, health, transport, recreation, education, restaurants & hotels, personal care & insurance (local currency and USDbn, % growth, % GDP, % of total spending)
  • Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tablewear, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (USDbn, % 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 – USD5000+, USD10,000+ USD50000+ (‘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).

BMI’s Retail Risk Reward Index

BMI’s Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

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.

Sources

The Retail Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.