Indonesia Retail Report Q1 2015 - New Market Research Report

From: Fast Market Research, Inc.
Published: Mon Jan 19 2015

With the fourth largest population in the world and a booming economy, Indonesia continues to provide retailers with almost-unparalleled growth opportunities. Total household spending in the world's largest Muslim country will be growing between 9% and 15% annually throughout our forecast period. The presence of foreign retailers remains quite limited ; however, the Indonesian retail market welcomes well-known groceries and fashion retail brands. A y oung and rapidly-growing population will keep improving prospects for retailers in the country , which remains largely dominated by traditional retail.

The presence of modern retail chains is still extremely limited in Indonesia, which is still characterised by low economic development. Most of the 253mn Indonesians purchase their daily products in local family-owned retail units. They have an extensive presence in the suburban and rural areas and are usually in close proximity to the majority of urban and rural inhabitants. At 78%, traditional retail continues to dominate the retail sector in Indonesia; however, its share is steadily decreasing as modern retail chains are slowly expanding in the country or making their initial entry. BMI anticipates that traditional retail will decline to 58% of the total retail sector by the end of 2018, indicating a modernising Indonesian economy.

Full Report Details at

The current underdevelopment of the market is visible in a variety of areas. The food & non-alcoholic drinks sub-sector continues to boast the largest share of total household spending and will reach 36.1% of the total in 2015. The other two sub-sectors of essential goods - housing & utilities and transport - will also take a large part of spending. All of these sub-sectors collectively will amount to 68.6% of total household spending, which is typical for developing countries. Consumers are able to spend only a small share of their income on non-essential products and are rarely able to make larger purchases. The...

The Indonesia Retail Report has been researched at source and features Business Monitor International (BMI)'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 Indonesia 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 Indonesia to test other views - a key input for successful budgeting and strategic business planning in the Indonesian retail market.

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