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July 5, 2015

Consumer Expenditure Growth in the Philippines to Accelerate in the Long Term

Emi_philippinesConsSpending-v1.1

The Philippines boast Southeast Asia’s third highest total consumer spending (behind Indonesia and Thailand), but with the region’s second largest population it is nevertheless an underperforming market. As food, non-alcoholic drinks and housing absorb over half of the household budget, Filipinos have a low capacity for discretionary spending. Consumer spending growth will accelerate through to 2030, backed by the country’s economic growth, youthful population and rising middle class.

July 4, 2015

Singaporean Consumers in 2020: A Look into the Future

Daphne KasrielAnalyst Insight by Daphne Kasriel-Alexander - Consumer Trends Consultant

View Daphne Kasriel's profile on LinkedIn

As Singaporeans celebrate the Republic's Golden Jubilee this year, how are they preparing themselves for the future? What does the future hold against the backdrop of an ageing population and the passing of the country’s founding father Lee Kuan Yew?

SINGAPOREAN CONSUMERS TODAY 

A nation of avid travellers 

More than 90% of the Singaporeans surveyed by research firm Data Spark, a part of the country’s largest telecommunications company Singtel, have gone overseas either for business or leisure in the past year. The January study, which surveyed 1,694 Singaporeans’ travel habits, found that Malaysia, Thailand and Hong Kong are the top three destinations, with Taiwan and South Korea as the rising destinations. In line with Singaporean culture, shopping and food are the most sought after activities. 66% of travellers get information from online travel websites, followed by recommendations from family and friends. According to Euromonitor International data, Singaporeans are expected to spend US$6.5 billion on packaged holidays this year, an increase of 28.3% on five years ago. 

Continue reading "Singaporean Consumers in 2020: A Look into the Future" »

July 3, 2015

Euromonitor to Speak at Verifone Accelerated Commerce Conference

Verifone

Event Name: Verifone Accelerated Commerce Conference

Location: Bali, Indonesia

Event Description: Held in exotic Bali, Indonesia, the Verifone Asia Pacific Annual Conference is an annual platform consisting of two full days of networking and education exclusively for our regional customers and partners. We are expecting about more than 150 participants from Asia Pacific. The Asia Pacific payments industry is an exciting and diverse market that represents many emerging countries and represents growth opportunities. Our theme for this year’s event is Accelerated Commerce - we hope that you can join us so you can learn more about Verifone’s strategy for accelerating commerce in Asia Pacific.

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July 2, 2015

Lessons from Singapore, Unchanged as Doing Business Leader from 2006 to 2015

Carrie_LennardAnalyst Insight by Carrie Lennard - Business Environment Manager

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While other countries have fluctuated in the World Bank’s Doing Business rankings, Singapore has remained at the top spot for nine years, with consistently high performing rankings in all of the sub-categories that comprise its overall Doing Business ranking. Its business friendly procedures mean that it has arguably the most competitive business environment in the world, and its FDI intensity is one of the highest globally as a result at 21.4% of total GDP in 2013. Other economies should pay attention to the importance of cutting red tape for businesses in order to gain a competitive advantage.

Singapore

Source: Euromonitor International from World Bank/ UNCTAD

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June 21, 2015

Euromonitor to Speak at ITB Asia 2015

ITB-AsiaEvent Name: ITB Asia 2015

Location: Marina Bay Sands Expo and Convention Centre

Event Description: ITB Asia is a annually held three day B2B trade show and convention for the travel industry; it is designed to become the primary event for the Asia Pacific travel industry, much like its parent event – ITB Berlin. Now in its eighth year in Singapore, ITB Asia will taking place at Marina Bay Sands. It is organised by Messe Berlin (Singapore) Pte Ltd and supported by the Singapore Exhibition & Convention Bureau.

Presentation Topic: The New Online Traveler in Asia

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June 19, 2015

Education in Asia: Key Trends and Facts

Learn more about consumer markets and trends in Asia by downloading our latest whitepaper here.

June 17, 2015

Marketing to the ASEAN Consumer

Marketing to the ASEAN Consumer

 

The creation of the ASEAN Economic Community (AEC) in December 2015 will unite the ten members of the ASEAN into a single market and production base. This will thrust Southeast Asia into the spotlight, attracting greater attention from multinationals which have so far been drawn mainly to China and India. By 2030, ASEAN is expected to become the third largest economy behind the US and China at US$3.1 trillion in constant 2014 prices.

Poised to become a global economic powerhouse thanks to its expected strong future economic performance, the AEC has real potential of becoming a vast market with predominantly young, dynamic and increasingly affluent consumers, in contrast to ageing China and Japan.

 

 

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Download this white paper to:

  • Learn how much ASEAN consumers earn and where they are spending  
  •  Identify ASEAN’s strengths, weaknesses, opportunities and threats
  • Gain a deep understanding of the region’s four largest markets – Indonesia, Thailand, The Philippines and Malaysia

 

 

June 15, 2015

Cultural and Religious Barriers: Prospects for Greater Market Penetration of Toilet Paper

Jane-NguyenAnalyst Insight by Jane Nguyen - Research Analyst

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In April 2015, the Turkish Directorate of Religious Affairs announced a new Islamic fatwa which allows Muslims to use toilet paper. If the word spreads and the new rule is adopted by other countries with large Muslim populations, it will be good news for toilet paper manufacturers. They have struggled with low demand in the Muslim world, where water has been traditionally used for cleansing, with toilet paper only playing a supplementary role. Consumers in many other developing markets, not necessarily Muslim or not predominantly Muslim, also often remain loyal to a range of traditional practices for cleansing which do not include toilet paper. The changing toilet etiquette, especially alongside rising incomes and urbanisation, can open a wider window of opportunity for tissue manufacturers. However, success is predicated on manufacturers’ understanding of deeply rooted traditions and the adoption of marketing strategies that work alongside these traditions. 

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Emerging Asia’s Growth Champions

Sarah-B-Banner

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China, India, Indonesia, Malaysia, Philippines, Thailand and Vietnam are amongst Emerging Asia’s most-established consumer markets. Between them they accounted for 57% of consumer spending in Asia-Pacific in 2014 but by 2030 this proportion will increase to 70%. Looking ahead, consumer spending in these seven economies is expected to grow by 7.3% in real terms annually between 2015 and 2030, ranging from just 0.7% in Vietnam, to 7.4% in China.

Consumer Expenditure in Asia’s Major Emerging Markets: 2014-2030

Consumer-Expenditure-Asia

Source: Euromonitor International from national statistics/UN/OECD

Note: Data are in constant 2014 prices. Asia’s major emerging markets are defined as: China, India, Indonesia, Malaysia, Philippines, Thailand and Vietnam.

Continue reading "Emerging Asia’s Growth Champions" »

June 12, 2015

India’s Population Moves Towards Global Milestones

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India is set to become the world’s largest population by 2025. This demographic milestone will also result in it being home to the largest female consumer market and the biggest labour force globally. In fact, the working-age population will surpass 1 billion by 2030 providing it with a huge competitive edge over other emerging markets. Yet a large urban/rural divide, skills shortages and unplanned urbanisation means its population dynamics also create challenges.

 

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Recent Posts

Consumer Expenditure Growth in the Philippines to Accelerate in the Long Term

Singaporean Consumers in 2020: A Look into the Future

Euromonitor to Speak at Verifone Accelerated Commerce Conference

Lessons from Singapore, Unchanged as Doing Business Leader from 2006 to 2015

Euromonitor to Speak at ITB Asia 2015

Education in Asia: Key Trends and Facts

Marketing to the ASEAN Consumer

Cultural and Religious Barriers: Prospects for Greater Market Penetration of Toilet Paper

Emerging Asia’s Growth Champions

India’s Population Moves Towards Global Milestones