Middle East and African retail market the fastest growing region in the world

Press Release   •   Jul 25, 2012 14:32 BST

The Middle East and African retail market saw sales grow at a compound annual growth rate (CAGR) of over 7% between the years 2006 and 2011.

The region has managed to recover quickly from the global recession, and sales growth within the Middle East and Africa reached 4% in 2011, making it the fastest growing region for retailing in the world.

The market was dominated by food and grocery sales in 2011, accounting for over half of total sales that year. However, while this category was largest, its sales remain relatively stable year to year.

In terms of market structure, general retailers were the largest channel group, contributing nearly 50% towards total Middle East and African retail market sales in 2011.

South Africa, which accounted for nearly two-fifths of the total Middle East and African retail market sales in 2006, is expected to reduce to slightly above 30% by 2016. Retail sales in South Africa have grown by slightly over 3% since 2006, and are expected to grow by 6% annually through 2016.

Egypt and Saudi Arabia independently are expected to continue to contribute nearly 20% to 25% to the total Middle East and African retail market sales.

For more information on the Middle East and African retail market, see the latest research: Middle East and African Retail Market Report

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