July 03, 2012 04:08 ET

Market Research Forecasts Global Retail Sales Growth at 8% CAGR Through 2016

ROCKVILLE, MD--(Marketwire - Jul 3, 2012) - has announced the addition of the new report "The Future of Global Retailing to 2016," to their collection of Consumer Goods & Retailing market reports. For more information, visit: 

Global retail sales were dominated by food and grocery sales in 2011, accounting for over half of total sales that year. However, while this category was the largest, its sales are relatively stable year on year. Outside this dominant area, electrical and electronics had the fastest developing sales between 2006 and 2011, growing at an annual average rate of over 7%. In terms of market structure, general retailers were the largest channel group, contributing just under half towards total global retail sales in 2011. During the review period, online retailers were the fastest-growing channel group, with a CAGR of over 14% and are expected to remain the fastest in the forecast period.

During the review period (2006-2011), global retail sales grew at a CAGR of 7%. Canadean expects retail sales in the region to grow by over 8% annually during the forecast period (2012-2016). General retailers were the largest channel group, contributing 47.1% towards global retail sales in 2011, or US$6,756.8 billion in value terms. During the review period, online retailers were the fastest-growing channel group, with a CAGR of 14.27% and are expected to remain the fastest-growing category group during the forecast period (2012-2016), at a CAGR of 15.06%

Global: Retail Sales (US$ billion), By Region, 2006-2011
Region   2006   2007   2008   2009   2010   2011   CAGR 2006-2011
Asia Pacific   3,173.70   3,619.90   4,083.10   4,373.50   5,009.40   5,825.80   12.92%
Europe   3,376.00   3,916.30   4,291.00   3,744.00   3,713.80   3,963.70   3.26%
Latin America   731   864.4   991.1   923.6   1,014.70   1,133.90   9.18%
Middle East and Africa   252   277.6   295.7   302.8   340.6   357.9   7.27%
North America   2,747.30   2,870.00   2,942.80   2,819.80   2,900.60   3,054.00   2.14%
Overall   10,279.90   11,548.30   12,603.70   12,163.70   12,979.20   14,335.30   6.88%
Source: Canadean © Canadean

Asia-Pacific continues to dominate global retail sales. The contribution from the region is expected to increase from just over 30% in 2006 to just under half by 2016. Asia-Pacific is expected to continue to grow by over 10% every year through 2016.

Both Europe and North America are expected to see a decline in their share towards global retail sales. While Latin American share is expected to increase marginally by 2016, that of Middle East and Africa will remain unchanged. North America dominates the per-capita retail spend among all five regions, followed by Europe and Latin America.

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