Research and Markets: Malaysia Retail Report Q2 2010

Research and Markets (http://www.researchandmarkets.com/research/ec0447/malaysia_retail_re) has announced the addition of the "Malaysia Retail Report Q2 2010" report to their offering.

Malaysia Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Malaysia's retail industry.

The Q210 Malaysia Retail Report predicts that total retail sales will grow from an estimated US$35bn in 2009 to almost US$58bn by 2014. A low unemployment rate, rising disposable incomes and a strong tourism industry are key factors behind the forecast growth. Malaysia's nominal GDP was US$201.06bn in 2009. Average annual GDP growth of 4.3% is predicted over the forecast period through to 2014. With the population expected to increase by 9.8%, GDP per capita is predicted to rise from US$7,103 in 2009 to US$9,654 in 2014. Our forecast for consumer spending per capita is for an increase from US$1,961 in 2009 to US$3,197 by the end of the forecast period.

Malaysia is classified as an upper-middle income country by the World Bank, with the proportion of middle-income households estimated at more than 50% in 2007. According to the Department of Statistics Malaysia (DSM), urban households on average spent 1.8 times more than rural households in 2004-2005. Average consumer spending was MYR2,285 per month in urban areas and MYR1,301 per month in rural areas. With the urban population predicted to account for almost 76% of the total by 2015, according to UN data, this is likely to have a positive effect on retail sales.

The authors estimate that autos sales came to US$5.67bn in 2009, and forecasts that this will rise to US$9.36bn by the end of the forecast period (+65%). Over the counter (OTC) pharmaceutical sales are estimated at US$0.33bn for 2009, forecast to increase to US$0.63bn by the end of the forecast period (+89%). Consumer electronic sales are predicted to rise from US$8.15bn in 2009 to US$11.09bn by the end of the forecast period (+28%).

Aided by the Visit Malaysia campaign in 2007, the 50th anniversary of Malaysias independence, the country recorded 20.9mn visitors in 2007, according to data published by Ministry of Tourism. Tourism receipts amounted to MYR46.07bn (US$13.82bn). Tourist arrivals increased in 2008, by 5.5% to 22.05mn, surpassing the 21.5mn target set by the government under the Ninth Malaysia Plan for 2006- 2010. Shopping is the second highest contributor to the country's tourism receipts and shopping revenue is estimated to have increased by 30% to MYR16bn (US$4.6bn) in 2008.

Retail sales for the Asian countries in 2009 were an estimated US$2.29trn. China and India alone accounted for almost 93% of regional retail sales in 2009, and by 2014 their share of the regional market is expected to be close to 94%. Growth in regional retail sales for 2009-2014 is put at 105%, or an annual average 15%. The Philippines should experience the most rapid rate of growth, followed by China. For Malaysia, the estimated 2009 market share of 1.5% is expected to decrease to 1.4% by 2014.

Key Topics Covered:

• Executive Summary
• SWOT Analysis
• Market Overview
• Industry Forecast Scenario
• Regional Retail Outlook
• Business Environment Outlook
• Mass Grocery Retail
• Consumer Electronics
• Automotives
• Country Snapshot: Malaysia Demographic Data
• Methodology

For more information visit http://www.researchandmarkets.com/research/ec0447/malaysia_retail_re