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Turkey Retail Report Q4 2015

  • ID: 3388086
  • August 2015
  • Region: Turkey
  • 74 pages
  • Business Monitor International
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Turkey has been struggling to live up to its status as a major emerging global market in the past two years. However, its retail market is set to recover and return to a growth trajectory as new legislation, recovery of the country's main trade partners and growth of household income will expand growth opportunities in the highly promising Turkish retail sector.

The Turkish economy has underperformed in the last two years. The growth of the country's real GDP slowed to 2.9% in 2014 and is forecast to fall to 2.8% this year. With these growth rates Turkey is facing problems more characteristic to mature EU economies rather than the world's most promising emerging retail markets. Unemployment rate in Turkey reached its four-year high in 2015 and is forecast to average 11.0% throughout 2015. The economy, which was booming in 2010-2011, is correcting itself. Some of the jobs that were created during the economic expansion, such as in the construction sector, are no longer needed, which has resulted in mismatches between labour supply and demand. Unemployment is particularly problematic among young people: youth (15-24 years) unemployment reached 17.0% mark in July 2015 suggesting about structural problems in the Turkish labour infrastructure and career guidance.

High unemployment and more modest economic growth than expected are going to result in a weaker growth in household income. Turkish households will see an average annual 4.6% growth rate throughout 2016-2019.

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SWOT

Political

Economic

Industry Forecast

Headline Retail Forecast
Table: Total Household Spending (Turkey 2012-2019)
Table: Retail Sector Spending, % Of Total (Turkey 2012-2019)
Table: Retail Sector Spending, % of GDP (Turkey 2012-2019)
Table: Headline Retail Sector Spending (Turkey 2012-2019)

Retail Subsectors Forecast

Food And Drink
Table: Food, Drink & Tobacco Spending (Turkey 2012-2019)

Clothing And Footwear
Table: Clothing & Footwear Spending (Turkey 2012-2019)

Household Goods
Table: Household Goods Spending (Turkey 2012-2019)

Personal Care & Effects
Table: Personal Care Spending (Turkey 2012-2019)

Household Numbers and Income Forecast
Table: Household Data, 2012-2019
Table: Labour Market Data, 2012-2019

Demographic Forecast
Table: Total Population (Turkey 2012-2019)
Table: Population: Babies (Turkey 2012-2019)
Table: Population: Young Children (Turkey 2012-2019)
Table: Population: Children (Turkey 2012-2019)
Table: Population: Young Teens and Older Children (Turkey 2012-2019)
Table: Population: Older Teenagers (Turkey 2012-2019)
Table: Population: 21yrs + (Turkey 2012-2019)
Table: Population: Young Adults (Turkey 2012-2019)
Table: Population: Middle Aged (Turkey 2012-2019)
Table: Population: Urban (Turkey 2012-2019)

Macroeconomic Forecasts

Economic Analysis
Table: Economic Activity (Turkey 2010-2019)

Industry Risk Reward Ratings

Central And Eastern Europe Risk/Reward Index
Table: Central And Eastern Europe - Retail Risk/Reward Index

Turkey Industry Risk/Reward Index

Rewards

Risks

Market Overview

Competitive Landscape

Shopping Centres

Mass Grocery Retail

Fashion

Household Goods

Electronics

Glossary

Methodology

Industry Forecast Methodology

Sources

Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

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Note: Product cover images may vary from those shown

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