Research and Markets: Egypt's Automotive Sales Are Forecast To Rise by Nearly 97% During the Period, from US$9.96bn in 2008 to US$19.61bn By 2013 Says Q3 2009 Report

DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/2e761b/egypt_retail_repor) has announced the addition of the "Egypt Retail Report Q3 2009" report to their offering.

Israel Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Israel's retail industry.

Egypt Retail Report Q309 predicts that the country's retail sales will grow from around US$63.27bn in 2008 to US$118.50bn by 2013. Key factors behind the forecast growth in Egypt's retail sales are an extremely large and youthful population, the emergence of a more affluent middle class, a vibrant tourism industry, and the growing acceptance of modern retail concepts.

Egypt's nominal gross domestic product (GDP) was US$161.39bn in 2008, with growth set to slow to 3.7% in 2009 as the economy is hit by the global economic downturn. Average annual GDP growth of 4.4% is now predicted between 2008 and 2013. With the population increasing from 76mn in 2008 to an estimated 83mn by the end of the forecast period, GDP per capita is predicted to rise by nearly 79% by that time, reaching US$3,773.

Egypt's substantial population makes it the largest market in the Arab world, with the population of Cairo alone standing at some 15mn in 2008. Alexandria is also a very sizeable city, with a population of around 5mn.

In 2005, 63.3% of the Egyptian population was described by the United Nations (UN) as economically active, with 36.3% in the critical (for retail sales) 20-44 age range. By 2010, 65.1% of the population is expected to be active, while the proportion of those in the 20-44 age band is forecast to reach 37.4%. Increasing urbanisation is also contributing to growth in the retail sector. In 2005, 42.3% of the population was classified by the UN as urban, and this is forecast to increase to 43.2% by 2010.

The country's retail market also benefits from a high tourist spend, with official data showing that foreign tourist arrivals totalled almost 11.1mn in 2007. This represented a marked 22% year-on-year (y-o-y) increase. Despite a 25% y-o-y drop in tourism income in the second quarter of FY08/09, Egypt has an enduring historical appeal that should sustain its competitiveness relative to other holiday destinations; this report estimates that visitor numbers will increase further, to nearly 18mn, by the end of the forecast period.

Retail sub-sectors that are predicted to show strong growth over the forecast period include over-the-counter (OTC) pharmaceuticals, with sales expected to increase by nearly 110%, from US$0.38bn in 2008 to US$0.79bn by 2013. Automotive sales are forecast to rise by nearly 97% during the period, from US$9.96bn in 2008 to US$19.61bn by 2013; while sales of consumer electronics are predicted to increase from US$2.67bn in 2008 to US$4.98bn by the end of the forecast period, a rise of nearly 87%.

Retail sales for our universe of MEA countries in 2008 amounted to an estimated US$384bn, based on the varying national definitions. Total consumer spending for the region, based on the macroeconomic database, amounts to US$1,214bn. In 2008, the United Arab Emirates (UAE), Saudi Arabia, Egypt and South Africa together accounted for an estimated 79.5% of regional retail sales, and their combined share is expected to rise to 81.4% by 2013. For Egypt, the estimated 2008 market share of 16.3% is expected to rise to 20.4% by 2013.

Key Topics Covered:

Executive Summary
SWOT Analysis
Market Overview
Industry Forecast Scenario
Regional Retail Outlook
Mass Grocery Retail
Consumer Electronics
Automotives
Country Snapshot: Egypt Demographic Data
Retail Forecasting And Sourcing

For more information visit http://www.researchandmarkets.com/research/2e761b/egypt_retail_repor.