2009-12-13 01:04:04 -
Fast Market Research recommends "Bahrain Retail Report Q4 2009" from Business Monitor International, now available
The new BMI Bahrain Retail report predicts that the country's retail sales will grow from around US$3bn in 2007 to US$5.7bn by 2013. Key factors behind the forecast growth in Bahrain's retail sales are a favourable long-term economic outlook, growing interest in Western styles of retailing, and a steady rise in disposable income. Bahrain's nominal GDP was US$18.5bn in 2007. Average annual GDP growth of 2.9% is predicted by BMI up until 2013. With the population maintaining its 2007 level of 1mn throughout the forecast period, GDP per capita is predicted to rise by more than 62% by 2013, reaching US$28,766. Latest statistics from the Ministry of Culture and Information's tourism affairs division show that tourist arrivals have risen by
an average of 10-15% a year over the past three years. In 2007, Bahrain attracted 5.5mn tourists, 4.9mn of them from other Gulf Cooperation Council (GCC) states. Tourism arrivals are projected to rise by an average of 2.5% per annum over the next decade. The Bahrain retail market will also continue to benefit from events such as the annual Formula One motor race, which has generated hundreds of millions of dollars in revenues since it became a fixture on the racing calendar in 2004. In 2005, 71.2% of the Bahraini population was described by the United Nations (UN) as economically active, with 50.3% in the critical (for retail sales) 20-44 age range. By 2010, 72.7% of the population is expected to be active, but the proportion of those in the 20-44 age band is forecast to fall to 39.9%. A very high level of urbanisation is contributing to a vibrant retail sector. In 2005, more than 90% of the population was classified by the UN as urban, and this is forecast to increase to 91% by 2010. About 89% of the population lives in the two principal cities of Manama and Al Muharraq. Retail sales for our universe of MEA countries in 2007 amounted to an estimated US$344bn, based on the varying national definitions. Total consumer spending for the region, based on BMI's macroeconomic database, amounts to US$467bn. In 2007, Saudi Arabia, South Africa and the United Arab Emirates (UAE) together accounted for an estimated 61.1% of regional retail sales, and their combined share is expected to remain around this level up until 2013. For Bahrain, the estimated 2007 market share of 0.9% is expected to rise to 1% by 2013.
Partial Table of Contents:
-- Full ToC is available at
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Executive Summary
SWOT Analysis
Bahrain Retail Business Environment SWOT
Bahrain Political SWOT
Bahrain Economic SWOT
Bahrain Business Environment SWOT
Market Overview
Current Trends
Key Players
Business Environment Ratings
MEA Region
Table: MEA Retail Business Environment Rating
Bahrain Retail Rating
Limits To Potential Returns
Risks To Realisation Of Returns
Industry Forecast Scenario
Retail Growth Outlook
Table: Key Retail Indicators, 2006-2013
Table: Retail Sales Breakdown By Key Segment, 2008e
Macroeconomic Outlook
Table: Bahrain - Economic Activity, 2006-2013
Regional Retail Outlook
Table: Regional Retail Trends, 2006-2013
Table: Regional Retail Sales By % Share, 2007-2013
Current Trends
Mass Grocery Retail
Bahrain Mass Grocery Retail Industry SWOT
Industry Forecast Scenario
Table: Bahrain Mass Grocery Retail Value Sales (US$bn) By Format - Historical Data And Forecasts, 2004-2013
Table: Bahrain Grocery Retail Sales By Format (%) - Historical Data And Forecasts, 2008 And 2018
Industry Developments
Market Overview
Table: Structure Of Bahrain's Mass Grocery Retail Market By Estimated Number Of Outlets, 2002-2008
Table: Structure Of Bahrain's Mass Grocery Retail Market - Sales Value By Retail Format, 2002-2008 (US$mn)
Table: Average Value Of Sales Per Outlet, 2008 Estimate (US$mn), 2008
Consumer Electronics
Bahrain Consumer Electronics SWOT
Market Overview
Table: Bahrain Distributors For Leading Brands
Industry Forecast Scenario
Table: Consumer Electronics Overview (US$mn), 2006-2013
Automotives
Bahrain Autos Industry SWOT
Market Overview
Table: Bahrain Autos Industry Historical Data And Forecasts, 2005-2013
Table: Key Players In Bahrain’s Autos Sector
Industry Forecast Scenario
Table: Bahrain’s Autos Sales And Trade, 2006-2013
Global Assumptions
Table: BMI’s Global Assumptions, 2007-2013
Table: Global And Regional Real GDP Growth, 2008-2011
Table: Developed Market Exchange Rates, 2008-2011 (average)
Table: Key Emerging Market Exchange Rates, 2008-2011 (average against US$)
Country Snapshot: Bahrain Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators
Table: Consumer Expenditure, 1999-2004 (US$)
Table: Average Annual Wages
Methodology
How We Generate Our Industry Forecasts
Sources
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