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World Consumer Goods Outlook

  • ID: 4436830
  • Report
  • February 2021
  • Region: Global
  • 17 Pages
  • The Economist Intelligence Unit
(Forecast closing date: January 26th 2021)

Before the coronavirus (Covid-19) pandemic, The Economist Intelligence Unit was expecting retail sales volume to grow by 2.2% in 2020, after growth of 1.9% in 2019. We now estimate a decline of 3.6%. In 2021 we forecast 3.1% growth, helped by pent-up demand and a boost to consumer confidence by vaccines.

Although some countries are rapidly rolling out vaccines, we expect these efforts to initially focus on priority groups, such as the elderly or healthcare workers. However, we expect global economic prospects to brighten from mid-2021, with the global economic rebound gaining speed in the third and fourth quarters. This will encourage consumer spending and retail sales, with non-essential categories benefiting from pent-up demand. However, we expect some social distancing and precautionary measures to remain in place for the foreseeable future, preventing a return to normal for consumers and businesses in 2021.

Industry List: Consumer Goods, Consumer Goods, Food and drink, Consumer Goods, Non-food products, Consumer Goods, Online retail, Consumer Goods, Retail
Industry Codes (NAIC): 44
Industry Codes (SIC): 53
Note: Product cover images may vary from those shown
World Consumer Goods Outlook

World consumer goods and retail outlook: Overview

World consumer goods and retail outlook: Key forecasts

World consumer goods and retail outlook: Retail
Five-year forecast
Retailers

World consumer goods and retail outlook: Online retail
Five-year forecast
Online retailers

World consumer goods and retail outlook: Food and drink
Five-year forecast
Food
Pricing
Food service
Beverages
Tobacco

World consumer goods and retail outlook: Non-food products
Five-year forecast
Consumer electronics
Apparel and footwear
Cosmetics and toiletries
Household goods and furniture
Note: Product cover images may vary from those shown
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