New Report Available: Peru Retail Report Q2 2016

From: Fast Market Research, Inc.
Published: Wed Feb 10 2016

The diversification of the ec onomy is helping the country avoid risks associated with falli ng commodity prices. The country's output is projected to post a strong average annual growth rate of 7.8% in US dollar terms , benefit ing the vast majority of households . We expect major spending shifts, with Peru's retail landscape increasingly resembling a developed market dominated by non-essentials spending.

Despite its relatively small size, the Peruvian economy has registered strong growth and BMI's forecasts that the economy will expand by an annual average rate of 7.8% through our 2015-2019 forecast period. Growth will be driven by the country's openness to trade, investment in infrastructure and mineral wealth, in particular deposits of copper, gold and silver. The service sector will be a key area of growth with more and more foreign companies looking to set up operations in Peru. Peru will remain one of the fastest growing economies in Latin America and retailers will have ample opportunity to benefit.

Full Report Details at

Household income has increased in tandem with growth in the economy. Average net household income is now USD6,980. Aggregate annual household spending now amounts to USD123bn and we forecast that it will expand to USD168bn by 2019. More households are set to move into the middle income bracket of USD10,000+, resulting in greater disposable incomes. The sector which attracts the most retail spending is the recreation and culture, which is set to rise to almost one-third by 2019. There will also be an increase in spending on education as the population puts more emphasis on education.

The Peru 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 Peru 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 Peru to test other views - a key input for successful budgeting and strategic business planning in the Peruvian retail market.
* Target business opportunities and risks in Peru through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.


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.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Brazil Retail Report Q1 2016
- China Retail Report Q1 2016
- South Africa Retail Report Q1 2016
- Serbia Retail Report Q1 2016
- Malaysia Retail Report Q1 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »