Retail in Asia

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Report: Malaysia Retail Report Q2 2010

Research and Markets has released its Malaysia Retail Report Q2 2010, providing industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence about Malaysia’s retail industry.

The report predicts that total retail sales will grow from an estimated USD35 billion in 2009 to almost USD58 billion by 2014. A low unemployment rate, rising disposable incomes and a strong tourism industry are key factors behind the forecast growth.

The authors estimate that autos sales came to USD5.67 billion in 2009, and forecasts that this will rise to USD9.36 billion by the end of the forecast period. Consumer electronic sales are predicted to rise from USD8.15 billion in 2009 to USD11.09 billion by the end of the forecast period.

Retail sales for the Asian countries in 2009 were an estimated USD2.29 trillion. China and India alone accounted for nearly 93 percent of regional retail sales in 2009, and by 2014 their share of the regional market is expected to be close to 94 percent. The Philippines should experience the most rapid rate of growth, followed by China. For Malaysia, the estimated 2009 market share of 1.5 percent is expected to decrease to 1.4 percent by 2014.

To purchase the report, visit Research and Markets.

(Source: Research and Markets)