Recently published research from Business Monitor International, "Chile Retail Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 02/20/2014 -- The Chilean retail sector is one to watch, with rising disposable incomes, a multitude of shopping centre openings and strong economic growth paving the way for investment opportunities. Over the forecast period to 2018, we anticipate high levels of growth across all retail sub-sectors, with communications, transport and personal care to post the greatest year-on-year growth rates. Transport, food & non-alcoholic drinks and utilities are to retain the lion's share, but high growth in non-essential items is a mark of a stable economy.
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The latest Chile retail report provides an extensive and comprehensive forecast of various retail indicators, including household spending, headline total spending across each retail sub-sector, household income and employment forecasts, demographic forecasts and a detailed breakdown of household and per capita spending across a large number of retail areas, including food & drink, healthcare & insurance, consumer electronics, toys, pets, garden equipment and household goods.
Chile is one of the most active and developed retail markets in the region, with one of the best e-commerce markets in the world. The South American nation ranks second in A.T. Kearney's Global Retail Development Index 2013, behind only Brazil. Its high rank is due to a multitude of factors, including high rates of economic growth and increasing disposable incomes in households. This is leading to the purchasing of non-essential, 'luxury' items, such as clothes, footwear and electrical equipment, boosted by the rapidly increasing number of households entering the US$50,000+ income bracket. This is to double over the 2014-2018 period, to just over 1mn, with this growing middle class pushing retail spending ever higher.
However, this is not to say there is no room for improvement. Despite the factors mentioned above, Chile ranks sixth out of seven countries in BMI's Retail Risk/Reward Ratings (RRRs) for Latin America, with its score let down by a small population (in comparison to its peers), a fiscally conservative government and increasing labour costs, all of which add downside risks to our forecasts.
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Browse all Retailing research reports at Fast Market Research
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