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: Despite external economic headwinds, we believe the Philippines will sustain its strong GDP growth rate in 2016, driven by robust private consumption. The Philippines households will benefit from rapid wage growth, large and stable inflows of remittances as well as expanding consumer credit market. That said, consumer spending will remain largely concentrated on essential goods and services, as the overall levels of income are still very low, especially in the country's rural areas.

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

Key Trends & Developments

  • Philippines fashion retailer Golden ABC plans to open 100 new stores in the Philippines and 25 additional outlets across Asia in 2016.

  • In December 2015, Houston-based jewellery and accessories retailer Charming Charlie opened its first store in the Philippines. The company plans its further expansion in Manila and in Cebu in 2016.

  • In late 2015, Prada Philippines has re-opened its high profile boutique in the Greenbelt Ayala Center in Makati, Manila.

  • In November 2015, the country's largest mall operator SM Prime Holdings Inc. opened its new 430,000 square meter shopping mall in Cebu. This was the company's third mall in Cebu and 56th in the Philippines.

  • In November 2015, Thailand's leading e-commerce retailer Ascend Group launched iTrueMart.ph e-commerce website to serve the Philippine market. The company has ambitions to become the dominant e-commerce player in the Philippines by 2017, according to its chief executive Punnamas Vichitkulwongsa.

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Industry Forecast
13
Headline Retail Forecast
13
Table: Total Household Spending (Philippines 2012-2019)
15
Table: Retail Sector Spending, % Of Total (Philippines 2012-2019)
16
Table: Retail Sector Spending, % Of GDP (Philippines 2012-2019)
17
Table: Headline Retail Sector Spending (Philippines 2012-2019)
18
Retail Sector Forecast
20
Food, Drink & Tobacco
21
Table: Food, Drink & Tobacco Spending (Philippines 2012-2019)
22
Clothing & Footwear
22
Table: Clothing & Footwear Spending (Philippines 2012-2019)
23
Household Goods
23
Table: Household Goods Spending (Philippines 2012-2019)
24
Personal Care
25
Table: Personal Care Spending (Philippines 2012-2019)
25
Household Numbers And Income Forecast
26
Table: Household Income Data (Philippines 2012-2019)
26
Demographic Forecast
30
Table: Total Population (Philippines 2012-2019)
32
Table: Population: Babies (Philippines 2012-2019)
32
Table: Population: Young Children (Philippines 2012-2019)
33
Table: Population: Children (Philippines 2012-2019)
33
Table: Population: Young Teens And Older Children (Philippines 2012-2019)
33
Table: Population: Young People (Philippines 2012-2019)
34
Table: Population: Older Teenagers (Philippines 2012-2019)
34
Table: Population: 21yrs+ (Philippines 2012-2019)
34
Table: Population: Young Adults (Philippines 2012-2019)
35
Table: Population: Middle Aged (Philippines 2012-2019)
35
Table: Population: Urban (Philippines 2012-2019)
35
Macroeconomic Forecasts
36
Economic Analysis
36
Table: Economic Activity (Philippines 2010-2019)
40
Industry Risk/Reward Index
41
Asia Risk/Reward Index
41
Table: Asia Pacific Retail Risk/Reward Index, Q116
41
Philippines Risk/Reward Index
43
Rewards
43
Risks
44
Market Overview
46
Competitive Landscape
49
Department Store Groups
49
Mass Grocery Retail
50
Fashion
51
Consumer Electronics
51
Pharmacies
52
Glossary
53
Methodology
60
Industry Forecast Methodology
60
Sources
63
Risk/Reward Index Methodology
63
Table: Retail Risk/Reward Index Indicators
64
Table: Weighting Of Indicators
66

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.