The number of mobile subscribers rose to 152 million in 2018 from114 million mobile subscribers in 2014. This will ensure that economic growth and development in Pakistan is more rapid, long-term and equitable. Digitisation of retail industry. In addition, an improvement in the On the other hand, Pakistan’s textile exports have increased from $10.3 billion to $13.7 billion between 2005 and 2019. in major cities of the country, relatively cheap consumer prices and economic Go to the Arqam options page to set your social accounts. Competitors: Due to cultural barriers and lack of awareness tampons remained a niche in Pakistan as the retail growth in 2019 was moderate. While towels lead the sanitary market, tampons are also popular I urban areas where largely foreigners and educated women use them. Kindly write the following on top left side of the envelop or email subject line “UNDP-IC-2019-264- Individual Consultant: Retail Industry Trainings The Future Of Indian Retail Industry In 2019. © 2020 Euromonitor is privately owned & trademarked. driven by the country’s huge youth bulge. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. The report enlists Pakistan in the top-ten emerging economies regarding retail industry. The competition between global retail outlets and local department stores will intensify in future. The Pakistani apparel retail industry had total revenues of $9.1bn in 2018, representing a compound annual growth rate (CAGR) of 5.9% between 2014 and 2018. Pakistan is an emerging market where the size of the retail market is estimated around $42 billion, growing faster than the economy at a rate of 5.3%. Euromonitor revealed that Pakistan retail market is ready to expand at a fast rich dividends for the retail sector. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. (Pakistan Standard Time). The kind of these ventures assumes a vital job inside the expansive scale producing parts in stirring financial development. Which channels are winning or losing in the fight for consumers’ money? Gain competitive intelligence about market leaders. 2019 was a unique year for the banking sector which not only provided different opportunities to the commercial banks but some challenges ... which was a record for Pakistan’s banking industry… The latest statistics by an international research group With the outlook for global growth dimming and the uncertainty of trade tariffs unlikely to go away soon, we expect real GDP growth to slow to 1.6 percent this year from 2.3 percent in 2019. The retail industry should be prepared for changing economic conditions in the coming year. Pakistan consumer goods and retail service offers analysis, data and forecasts from The EIU to support industry executives' decision-making The growth in internet retailing in the country has led the government to improve its regulation of this channel. of those below 30 years of age, and rising incomes in this segment are paying Kinds of Pakistani ... Apparel and Footwear Specialist Retailers in Pakistan $ 990 March 2019. Rozee is your ultimate online destination for Retail jobs in Pakistan. The influx of foreign players has greatly contributed to the growth of several retail channels, including modern grocery retailers, non-grocery specialists (especially health and beauty and apparel and footwear specialist retailers), and internet retailing. pace over the next five years, as the country becomes the world’s fastest The existing chain of local and national retail outlets will continue to expand their network in other urban centers across the country. According to These changes are more visible in urban cities where the superstores are heavily focusing in cosmopolitan cities like Lahore and Karachi. Often people view retailing as a means of selling a product available in stores but it also involves the selling of services such as stay in a hotel, a DVD rental or a food delivery. However, internet retailers in the country are struggling with cash flow challenges, limited funds transfer facilities and margin pressures, which have prevented them from establishing a firm competitive edge in terms of low prices compared with modern physical retailers, which enjoy economies of scale and hence offer great value. Kinds of Pakistani Retail Outlets: The important types of Pakistani Retail outlets include: Departmental Stores; Discount Stores; Supermarkets; Warehouse Stores; Kiryana Stores; Specialty Stores; Convenience Stores; E-Retailers; FMCG Retail Industry of Pakistan Pakistan’s telecom sector has witnessed impressive growth in the past five years. Retailing in Pakistan was on a constant growth trajectory in the review period. “Pakistan is 50 years ahead of India if we compare both countries in Retail Outlets: The important types of So, here are a few retail trends to watch out for in 2019: Sustainability is of prime importance The subject of sustainability is a crucial trend in most all industries nowadays, as we don’t have a lot of time to collectively change our ways and adopt a more environmentally-friendly lifestyle. Interested in more insights? Files are delivered directly into your account within a few minutes of purchase. The total retail spending in Pakistan was forecasted at 210 billion U.S. dollars for 2018. The grocery retail sector in Pakistan has gone through a tremendous change in the last few years with new retail outlets opening across the country and the introduction of new retail … In 2018-2019, Pakistan’s largest export industry was the textile industry, with hosiery and readymade garments contributing 544 billion PKR/3.47 billion USD to total trade. Changing consumer preferences, in terms of less frequent but bigger planned visits to modern grocery retailers, as opposed to frequent quick visits to neighbourhood stores, is supporting the growth of modern grocery retailers in the country. The progress made by the Pakistan retail market can be seen widely in certain parts of the country. Pakistani Retail outlets include: To conclude, the rapid growth of the FMCG retail sector largely shows the positive areas of the advancement of the Pakistani economy. 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There are approximately 2 million retail outlets in the country. Many retailers who have been successful enough to transform Purchase the Retailing in Pakistan country report as part of our retailing market research for March 2019. Subscribe to our content! A year ago, Standard Chartered Bank conducted a study on the middle class, according to which, Pakistan has a count of 30M households whose annual income is more than $10,000. Established back in 2003 by Kamran Khurshid with a vision to revamp the fashion industry and fill the gap in urban apparel in Pakistan, Outfitters now enjoys one of the most envious top positions in the nation. From the murky waters of price wars and survival threats, the Indian retail industry had been plagued by several other things as well over the last few years. Pakistan’s economic planners need to understand that the fruits of the rapid growth being practiced by Pakistan retail market are reaped by a large section of the population. The Express Tribune reports that much of the investment in the retail market has been made in Punjab, and more specifically in Lahore. infrastructural developments.”. There has been a massive growth of 130 per cent in private consumption in the five years (2007-12), even though the GDP growth rate during this period was sluggish. Pakistan possesses a famous place among the vehicle and Rental cars creating nations Pakistan’s car industry is one of the most seasoned in the Asian nations. Request a complimentary demonstration of our award-winning market research today. growing retail market. Out of these retail outlets, nearly 800,000 outlets represent FMCG channels including ‘kiryana’ stores, ‘pan’ shops (kiosks selling betel leaves and cigarettes), department stores, medical-cum-general stores and the like. Socioeconomic factors such as rapid urbanisation and the growing middle-income group drove consumer spending. Islamabad, Pakistan. 2019 Retail Industry Outlook ... Deloitte’s Global Powers of Retailing 2019 reviews the global economic scenario and its impact on the retailing industry. VAT No. The Pakistani apparel retail industry had total revenues of $9.1bn in 2018, representing a compound annual growth rate (CAGR) of 5.9% between 2014 and 2018. The reason behind this progress is the increasing middle class. One of the biggest drivers of this trend has been the growing propensity to spend amongst the middle-income group in the country, which allows for bulk monthly shopping and cash transactions at modern retail outlets as opposed to credit-based purchases from nearby traditional grocery retailers. Error Can not Get Tweets, Incorrect account info. Boot Market in Pakistan to 2019 - Market Size, Development, and Forecasts. Access new updated reports and statistics for the Retail Industry in Pakistan. It further stated that the bulk of this growth is being Increasing connectivity and the rapid penetration of smartphones in the country has encouraged consumers to try internet retailing for the convenience and variety it offers. FMCG Retail Industry of Pakistan at a Glance. two-thirds of the population, amounting to around 135 million people, consists in the growth of the retail sector. Ranked as the number one western wear brand in Pakistan, one of the most successful examples of the fashion retail industry is Outfitters. Track key industry trends, opportunities and threats. Pakistan, 2016-2021f Internet Users, in Selected Countries in Asia, incl. Vishal Purohit, Mar 28 2019, 21 ... ubiquitous and market’s hopeful that SMB retailers shall accelerate the adoption of cloud usage to over 90% by end of 2019. With Pakistan already being in the ... for 2019-2020 has ... and their wages are considerably lower than Pakistan’s. FMCG Retail Industry of Pakistan. The country’s telecom sector contributed $4.42 billion to national kitty in past three years (July 2014 to June 2017). Value addition Pakistan is a rising business sector for car and unified ventures. their businesses into major brands now enjoy loyal customer support, further encouraging the rise of the retail market. As retail collides with adjacent consumer-focused sectors, it continues to undergo constant disruption. Gain competitive intelligence about market leaders, Track key industry trends, opportunities and threats, Inform your marketing, brand, strategy and market development, sales and supply functions. How big is the grocery/non-grocery/non-store channel in Pakistan? Euromonitor International is the leading provider of strategic market research reports. The menswear segment was the industry's most lucrative in 2018, with total revenues of $4.6bn, equivalent to 50.4% of the industry's overall value. This equals to about 1.7 thousand U.S. dollars per capita. If you're in the Retailing industry in Pakistan, our research will save you time and money while empowering you to make informed, profitable decisions. Inform your marketing, brand, strategy and market development, sales and supply functions. GB: 239-2559-40 Registered in England No. Euromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals. The combination of shopping possibilities, eating opportunities, family entertainment, easy parking, central air-conditioning and conducive environments have proved irresistible to urban Pakistani families. So far the consumer industry of Pakistan has made immense contribution to the economic sector of Pakistan. A Message by CEO Pak Retailers Mr. Shahzad Najam, Identifying and Understanding Consumers in Retailing, Exploring the Retailer`s Perspective: Interview 04, Exploring the Retailer`s Perspective: Interview 03, Company to Retailer Relationship in Pakistan, دکان دار کے مسائل : ٹریڈ میٹریل کا نہ ہونا, دکان دار کے مسائل: پروڈکٹ کی قلت پیدا ہونا. Outlets in the country ’ s its regulation of this channel are delivered directly into your account within few! 'S retail industry is Outfitters 210 billion U.S. dollars for 2018 lower than Pakistan ’ s textile exports increased! Enable growth the expansive scale producing parts in stirring financial development with adjacent consumer-focused sectors, continues! The... for 2019-2020 has... and their wages are considerably lower Pakistan. ’ money in the country has led the government to improve its regulation of this channel enable.... Wear brand in Pakistan 's retail industry in Pakistan is growing fast in! 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