DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e2f7d6/slovenia_retail_re) has announced the addition of the "Slovenia Retail Report Q4 2011" report to their offering of international market research publications.
Business Monitor International's (BMI) Slovenia Retail Report (Q4 2011) forecasts that the country's retail sales will grow from a projected EUR17.03bn (US$25.03bn) in 2011 to EUR20.59bn (US$30.26bn) by 2015, an increase of nearly 21% in local currency terms. Rising levels of disposable income and the continued development of organised retail infrastructure are key factors behind the forecast growth in Slovenian retail sales.
The Q411 BMI Slovenia Retail report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Slovenia's retail industry.
The size of the urban population in Slovenia is unusually small, which partly reflects the absence of large cities resulting from the mountainous terrain. Even in the capital city, Ljubljana, there are fewer than 300,000 residents. The average age in the country, at 41 years, is also high compared with other European countries. Both of these factors work against retailers. However, unemployment has been trending lower since 2010's peak of 11.8%; it is forecast to drop to 11.0% in 2011, and to end the forecast period at 7.0%.
Using BMI food and drink data, BMI identify a food and drink market share in 2011 of 19.3% of total retail sales. This is forecast to decline to 15.8% by 2015 as the non-food sector matures.
Over-the-counter (OTC) pharmaceutical sales are predicted to increase from US$0.106bn in 2011 to US$0.110bn by 2015, a rise of more than 8%. The relatively low cost of OTC medicines should be the key growth driver, as the sector increases its market share at the expense of the prescription drugs market. Vehicle sales, meanwhile, are forecast to rise 20.2%, from 70,788 units in 2011 to 85,103 units in 2015, thanks to Renault's ongoing commitment to the country - and helped by government subsidies.
For more information visit http://www.researchandmarkets.com/research/e2f7d6/slovenia_retail_re