Market Report, "Argentina Retail Report Q2 2016", published

2016 will potentially mark the beginning of the end of Argentina's long economic stagnation, which started after the country's default in 2001. Debt agreement, peso devaluation and the gradual removal of capital controls will reintegrate the country in to the global markets, granting foreign retailers with easier access to the Argentine market and providing the country's consumers with wider choice.

Key Views and Developments

Argentina has reached a landmark agreement to repay USD6.5bn to its creditors after defaulting on its debt in 2001 and ending a decade-long dispute. The country is returning to international debt markets with a USD11.7bn bond issue in April, which is expected to stimulate the economy in short and medium terms.

Apple, an American electronics manufacturer and retailer, is negotiating its entry to Argentina with the national government. Its operations in the country were prohibited by the previous president, Kirchner.

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Four major groceries retailers - Coto, La Anonima, Carrefour and Jumbo - are facing charges from one of their food suppliers, who has accused the chains with cartelisation.

The dollar value of household spending is expected to crash by 21.7% this year as a result of the devaluation of the peso late in 2015. However, we anticipate spending to bounce back and grow even further toward the end of the forecast period.

Essentials spending will maintain a grip on household budgets, with more than a half of the total. However, the Argentine population will continue to expose relatively diverse spending patterns, with more than 47% of total spending allocated to non-essentials for each of the years in the forecast period.

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

Coverage

BMI Industry View

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