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Asia's 10 largest retail markets

  • <p>The main powerhouse in Asia, China leads the list with sales of <b>$3,251,134 million</b> for 2012. Well connected and with the growth of online retailing, it brings enormous benefits to the retail companies and industry players. Also china’s consumer expenditure on food, beverages and tobacco will more than double in 2011-15, reaching $1.4 trillion.</p><p>Photo: Getty Images</p>
    1/10

    Asia's largest retail markets

    The main powerhouse in Asia, China leads the list with sales of $3,251,134 million for 2012. Well connected and with the growth of online retailing, it brings enormous benefits to the retail companies and industry players. Also china’s consumer expenditure on food, beverages and tobacco will more than double in 2011-15, reaching $1.4 trillion.

    Photo: Getty Images

  • <p>Online sales are expected to rise by an average of 40 percent annually in Japan, higher than the Asia average of 20 percent. It clocked a retail sales of <b>$1,702,981<p>Photo: Getty Images</p></b></p>
    2/10

    Asia's largest retail markets

    Online sales are expected to rise by an average of 40 percent annually in Japan, higher than the Asia average of 20 percent. It clocked a retail sales of $1,702,981

    Photo: Getty Images

  • <p>The retail landscape in India is evolving quickly and shopper expectations are soaring. A new study by Fitch reveals that the Indian shopper has a high desire for inspiration; 69 percent of Indians want to be inspired when they shop. Retail sales this year amounted to <b>$868,917 million</b></p><p>Photo: Getty Images</p>
    3/10

    Asia's largest retail markets

    The retail landscape in India is evolving quickly and shopper expectations are soaring. A new study by Fitch reveals that the Indian shopper has a high desire for inspiration; 69 percent of Indians want to be inspired when they shop. Retail sales this year amounted to $868,917 million

    Photo: Getty Images

  • <p>With retail sales of <b>$379,188 million</b>, Indonesia comes fourth in the list. Urban areas will remain the focus of retail activity. Several multinationals are setting up shop in Indonesia such as France’s Carrefour, which means competition with the local players will be fierce. The country will expect a growth of 4.8 percent in the next three years.</p><p>Photo: Getty Images</p>
    4/10

    Asia's largest retail markets

    With retail sales of $379,188 million, Indonesia comes fourth in the list. Urban areas will remain the focus of retail activity. Several multinationals are setting up shop in Indonesia such as France’s Carrefour, which means competition with the local players will be fierce. The country will expect a growth of 4.8 percent in the next three years.

    Photo: Getty Images

  • <p>South Korea boasts one of Asia’s largest and most dynamic retail markets. Retail sales this year was <b>$266,851 million</b> and is expected to grow to around $318.57 billion by 2015. In the next three years, competition in the hypermarket sector will remain intense and the retail market will continue to grow.</p><p>Photo: Getty Images</p>
    5/10

    Asia's largest retail markets

    South Korea boasts one of Asia’s largest and most dynamic retail markets. Retail sales this year was $266,851 million and is expected to grow to around $318.57 billion by 2015. In the next three years, competition in the hypermarket sector will remain intense and the retail market will continue to grow.

    Photo: Getty Images

  • <p>Halloween has seen a boost in sales in Australia, and with product launches, including Apple’s new iPhone 5 and its soon to be released iPad mini, would be important drivers of sales growth into the Christmas period. This year, the country recorded <b>$246,729 million</b> in terms of retail sales. </p><p>Photo: Getty Images</p>
    6/10

    Asia's largest retail markets

    Halloween has seen a boost in sales in Australia, and with product launches, including Apple’s new iPhone 5 and its soon to be released iPad mini, would be important drivers of sales growth into the Christmas period. This year, the country recorded $246,729 million in terms of retail sales.

    Photo: Getty Images

  • <p>Thailand’s consumer goods market will remain one of Southeast Asia’s most important, with retail sales of <b>$125,881 million</b> this year and an estimated retail sales of $165.96 billion in 2015. As foreign companies are not allowed to own land in Thailand, it is a challenging market for foreign retailers.</p><p>Photo: Getty Images</p>
    7/10

    Asia's largest retail markets

    Thailand’s consumer goods market will remain one of Southeast Asia’s most important, with retail sales of $125,881 million this year and an estimated retail sales of $165.96 billion in 2015. As foreign companies are not allowed to own land in Thailand, it is a challenging market for foreign retailers.

    Photo: Getty Images

  • <p>With 2010’s real GDP expansion, Taiwan’seconomy continues to benefit and clocked retail sales worth <b>$120,049 million</b> and this is expected t expand steadily between 1.2 and 1.5 percent. The inflow of tourists from China to Taiwan and the number of people from Taiwan who go to China to work has an impact on the retail sales as well.</p><p>Photo: Reuters</p>
    8/10

    Asia's largest retail markets

    With 2010’s real GDP expansion, Taiwan’seconomy continues to benefit and clocked retail sales worth $120,049 million and this is expected t expand steadily between 1.2 and 1.5 percent. The inflow of tourists from China to Taiwan and the number of people from Taiwan who go to China to work has an impact on the retail sales as well.

    Photo: Reuters

  • <p>Philippines which clocked retail sales of <b>$98,536 million</b> will see an expected growth of 5 percent thanks to the increasing attention from foreign retailers. There is also healthy competition among local players and will intensify with the advent of foreign retailers.</p><p>Photo: Thinkstock</p>
    9/10

    Asia's largest retail markets

    Philippines which clocked retail sales of $98,536 million will see an expected growth of 5 percent thanks to the increasing attention from foreign retailers. There is also healthy competition among local players and will intensify with the advent of foreign retailers.

    Photo: Thinkstock

  • <p>With the Malaysian government set to introduce a goods and service tax of 5 percent or less, this could exert some upward pressure on overall retail prices. The country accounted for <b>$85,591 million</b> of retail sales this year. Malaysia’s economy will remain on a sustainable growth path in the next three years.</p><p>Photo: Getty Images</p>
    10/10

    Asia's largest retail markets

    With the Malaysian government set to introduce a goods and service tax of 5 percent or less, this could exert some upward pressure on overall retail prices. The country accounted for $85,591 million of retail sales this year. Malaysia’s economy will remain on a sustainable growth path in the next three years.

    Photo: Getty Images

<p>The main powerhouse in Asia, China leads the list with sales of <b>$3,251,134 million</b> for 2012. Well connected and with the growth of online retailing, it brings enormous benefits to the retail companies and industry players. Also china’s consumer expenditure on food, beverages and tobacco will more than double in 2011-15, reaching $1.4 trillion.</p><p>Photo: Getty Images</p>
<p>Online sales are expected to rise by an average of 40 percent annually in Japan, higher than the Asia average of 20 percent. It clocked a retail sales of <b>$1,702,981<p>Photo: Getty Images</p></b></p>
<p>The retail landscape in India is evolving quickly and shopper expectations are soaring. A new study by Fitch reveals that the Indian shopper has a high desire for inspiration; 69 percent of Indians want to be inspired when they shop. Retail sales this year amounted to <b>$868,917 million</b></p><p>Photo: Getty Images</p>
<p>With retail sales of <b>$379,188 million</b>, Indonesia comes fourth in the list. Urban areas will remain the focus of retail activity. Several multinationals are setting up shop in Indonesia such as France’s Carrefour, which means competition with the local players will be fierce. The country will expect a growth of 4.8 percent in the next three years.</p><p>Photo: Getty Images</p>
<p>South Korea boasts one of Asia’s largest and most dynamic retail markets. Retail sales this year was <b>$266,851 million</b> and is expected to grow to around $318.57 billion by 2015. In the next three years, competition in the hypermarket sector will remain intense and the retail market will continue to grow.</p><p>Photo: Getty Images</p>
<p>Halloween has seen a boost in sales in Australia, and with product launches, including Apple’s new iPhone 5 and its soon to be released iPad mini, would be important drivers of sales growth into the Christmas period. This year, the country recorded <b>$246,729 million</b> in terms of retail sales. </p><p>Photo: Getty Images</p>
<p>Thailand’s consumer goods market will remain one of Southeast Asia’s most important, with retail sales of <b>$125,881 million</b> this year and an estimated retail sales of $165.96 billion in 2015. As foreign companies are not allowed to own land in Thailand, it is a challenging market for foreign retailers.</p><p>Photo: Getty Images</p>
<p>With 2010’s real GDP expansion, Taiwan’seconomy continues to benefit and clocked retail sales worth <b>$120,049 million</b> and this is expected t expand steadily between 1.2 and 1.5 percent. The inflow of tourists from China to Taiwan and the number of people from Taiwan who go to China to work has an impact on the retail sales as well.</p><p>Photo: Reuters</p>
<p>Philippines which clocked retail sales of <b>$98,536 million</b> will see an expected growth of 5 percent thanks to the increasing attention from foreign retailers. There is also healthy competition among local players and will intensify with the advent of foreign retailers.</p><p>Photo: Thinkstock</p>
<p>With the Malaysian government set to introduce a goods and service tax of 5 percent or less, this could exert some upward pressure on overall retail prices. The country accounted for <b>$85,591 million</b> of retail sales this year. Malaysia’s economy will remain on a sustainable growth path in the next three years.</p><p>Photo: Getty Images</p>

Established multinational consumer goods firms and retailers are entering Asia with many advantages especially with developed markets that are dealing with faltering growth, falling consumer confidence and saturated markets. Asia offers booming cities, crowded shopping malls, huge high-potential markets and consumers with money to spend. With emerging markets continuing to grow, Asia remains the main engine if global retail growth. Here are the countries that saw the most retail sales by USD.

Source: 2012 Outlook for the Retail and Consumer Products Sector in Asia/PricewaterhouseCoopers India