This report focuses in particular on the key markets of China, India, Japan, Taiwan and Hong Kong
is expected to become the world's largest retail market by 2018 with a market size of US$4.66 trillion, surpassing the US.
’s heavily-concentrated population and high level of Internet penetration make it a promising prospect for online retail. However, a culture that favours bargain-hunting and a hands-on shopping experience will mean that a large amount of shopping continues to be done offline.
will supply strong regional growth, averaging 10.7% in nominal terms over the next five years (2014-18).
’s expenditure on food, beverages and tobacco, estimated at US$480 billion in 2014, is currently the world’s third-largest after the US and China.
has also grown strongly, recording double-digit growth in sales in recent years. Retailers are increasingly focused on improving their online offerings, including raising security and delivery standards.
Further profiles of other territories: Indonesia, Malaysia, Singapore, South Korea, Thailand and Vietnam