2012-10-28 15:15:31 -
New Retailing research report from Business Monitor International is now available from Fast Market Research
The Croatia Retail Report examines the long-term potential of the local consumer market but flags up short-term anxieties about the potential impact on Croatia's economic outlook. A combination of fiscal retrenchment by the Kukuriku coalition government and depressed private consumption has raised concerns.
The report examines how best to maximise returns in the Croatian retail market while minimising investment risk. It also explores the impact of the increasingly precarious looking eurozone macroeconomic environment on the Croatian consumer and on the ability of producers and exporters to realise returns in the short term.
We also analyse the growth and risk management strategies being employed by leading players in the Croatian retail sector as they seek to maximise the growth opportunities offered by the
market. Croatian per capita consumer spending is forecast to increase by a modest 15% through to 2016, compared with a regional growth average of 44%. The country comes last in BMI's Central and Eastern Europe (CEE) Retail Risk/Reward Ratings, although it outperforms significantly in the risk component.
Full Report Details at
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www.fastmr.com/prod/464490_croatia_retail_report_q4_2012.aspx
Among all retail categories, automotives will be the outperformer through to 2016, with BMI forecasting unit sales to increase by 24% during this period, from 48,040 units in 2012 to 59,658 units by 2016. Croatia is the second-largest car market in the countries of former Yugoslavia in terms of market share and the number of cars per capita.
The country is enjoying some success with niche electric car production. DOK-ING and Rimac Automobili have exhibited electric concept cars at the Frankfurt Motor Show.
Over the last quarter, BMI has revised the following forecasts and views:
* BMI holds to its forecast for Croatia's economy to post a full-year contraction of 1.5% in real GDP terms before recovering to 1.2% growth in 2013. This will come as a result of governmentimposed fiscal austerity which will feed through to weaker consumer spending and fixed capital formation.
* BMI forecasts consumer spending to fall by 1.0% in 2012, after meagre growth of 0.2% in 2011, before recovering to 1.6% in 2013 as the situation in the eurozone picks up and Croatia's EU accession occurs. We forecast the unemployment rate to average 20.0% in 2012, while wage growth remains weak and the household debt load is high at about 40% of GDP.
* The Croatian retail sector will continue to face tough challenges. Data from the Croatian Bureau of Statistics (CBS) show retail sales volumes, in real terms, decreased by 2.1% month-on-month (m-o-m) in March. Year-on-year (y-o-y) retail sales grew by 1.1% in the month. In value terms, retail trade decreased 1.3% sequentially, moving up by 3% on an annual basis. The six-month moving average of growth in the real retail trade index turned negative in April after 18 months of positive growth.
Report Table of Contents:
Executive Summary
SWOT Analysis
- Croatia Retail Business Environment SWOT
- Croatia Political SWOT
- Croatia Economic SWOT
Market Overview
- Current Trends
- Key Players
Industry Forecast Scenario
- Consumer Outlook
- Retail Growth Outlook
- Table: Retail Sales Indicators, 2009-2016
- Table: Retail Sales By Key Sector, 2012f
- Macroeconomic Outlook
- Table: Economic Activity, 2011-2016
Regional Retail Outlook
- Central And Eastern Europe Retail Outlook
- Table: Central And Eastern Europe Retail Trends, 2008-2016
- Table: Central And Eastern Europe Retail Sales, 2009-2016 (US$bn, unless stated)
- Table: Central And Eastern Europe Retail Sales By % Share, 2009-2016
- Regional Retail Trends
Risk/Reward Ratings
- Table: Central And Eastern Europe Retail Risk/Reward Ratings
- Croatia's Retail Rating
- Rewards
- Risks
Mass Grocery Retail
- Mass Grocery Retail Industry SWOT
- Market Overview
- Leading Players
- Table: MGR Sector By Number Of Outlets, 2002-2011
- Table: MGR Market by Value, 2002-2011
- Table: Estimated Value Of Sales Per Outlet, 2011 (US$mn)
- Industry Forecast Scenario
- Table: MGR Value Sales By Format, 2008-2016
- Table: Sales Breakdown By Retail Format Type (% of total)
- Industry Developments
Consumer Electronics
- Consumer Electronics Market SWOT
- Market Overview
- Computers
- Table: PC Sales, 2009-2016
- Audio/Video
- Table: AV DeviceSales, 2009-2016
- Mobile Communications
- Table: Mobile Communications, 2009-2016
- Industry Forecast Scenario
- Table: Consumer Electronics Sales, 2009-2016 (US$mn)
- Industry Developments
OTC Pharmaceuticals
- Pharmaceuticals Industry SWOT
- Market Summary
- Industry Forecast Scenario
- Table: OTC Medicine Sales, 2008-2016
- Industry Developments
Demographic Outlook
- Table: Population By Age Group, 1990-2020 ('000)
- Table: Population By Age Group, 1990-2020 (% of total)
- Table: Key Population Ratios, 1990-2020
- Table: Rural/ Urban Population Split, 1990-2020
BMI Methodology
- How We Generate Our Industry Forecasts
- Sources
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at
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About Fast Market Research
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