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April 14, 2014

Chinese Cities Lead the Way in Average Household Spending Growth

Ugne

With Ugne Saltenyte - City Analyst

Six out of the top ten leading cities for household spending growth in 2014 are located in China. The country's rising income levels are creating ideal conditions for spending increase, and businesses in these cities are likely to find growing opportunities for sales in sectors such as communication, education and health goods and services. The top 10 growth cities for household spending will see their average spend expand by 5 to 10 percent in 2014, compared to a worldwide expansion of just 1.2 percent.

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April 8, 2014

Do Business Opportunities Exist Outside the Largest Cities in BRIC Countries?

UgneSaltenyteAnalyst Insight by Ugne Saltenyte - City Analyst

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Over the last decade, the role of megacities has been rising in BRIC countries. Shanghai, Moscow and Delhi hosted larger shares of their respective countries’ populations in 2013 than they did in 2005. Such growth did not go unnoticed by international companies, which often target the largest metropolises when aiming to establish themselves in BRIC countries. Yet, these countries still possess a number of unexploited opportunities outside their traditional urban markets in emerging smaller (second-tier) cities.

Average Household Income in BRIC Cities, US$ Per Household in 2013

Source: Euromonitor International

Note: The largest cities refer to the most populous cities within the respective country, as of 2013. The most affluent cities refer to cities with the highest average household annual disposable income in the respective country, as of 2013

Continue reading "Do Business Opportunities Exist Outside the Largest Cities in BRIC Countries?" »

March 17, 2014

The Role of Second Tier Cities: Comparison by Country

The role of second tier cities

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Amid intense competition, businesses shift their attention towards second tier cities across the world as markets are expected to be less saturated there. The datagraphics reveals the relative importance of the US, India and China's five largest cities by population and the next 25 cities (or mid-sized cities). In India, the mid-sized cities are considerably less important than the country's five largest cities - and that is in deep contrast to US.

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March 15, 2014

What is the True Size of Dubai?

Kasparas AdomaitisAnalyst Insight by Kasparas Adomaitis - Senior City Analyst

As one of the world’s most exciting urban sagas of recent times, Dubai has risen from being a small dessert village in the 1960s to a global city in 2014. The 1990s and 2000s saw particularly intensive periods of construction in Dubai, with foreign immigrants streaming into the area and vastly expanding the city’s size. After nearly defaulting on its debts in 2009, Dubai’s economy is on the up once again, with numerous international companies seeking to profit from the growing consumer base in the city. Potentially, this investor interest should be even more pronounced as the size of Dubai and its consumer base is often underestimated.

The Urbanised Conurbation of the Dubai, Sharjah and Ajman Emirates Forms an Integrated Metropolitan Area

Dubai metro area resized.jpeg

Source: Euromonitor International

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March 14, 2014

The World’s Megacities to Retain Strong Hold in 2014

UgneSaltenyteAnalyst Insight by Ugne Saltenyte - City Analyst

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Urban transformation will continue worldwide in 2014. Urban areas are estimated to be home to 53% of the world’s population in 2014, with the most rapid urbanisation taking place in Asia Pacific and Africa. While marketers are increasingly searching for unexploited opportunities in rising second-tier cities, the world’s largest megacities are far from being pushed out of the picture.

Income and Population Growth in Megacities and Their Respective Countries over 2013/2014

Source: Euromonitor International
Note: Only cities with populations exceeding 15 million are included

Continue reading "The World’s Megacities to Retain Strong Hold in 2014" »

February 21, 2014

Growing Income Disparities Challenge Business in Both Developed and Developing Cities

UgneSaltenyteAnalyst Insight by Ugne Saltenyte - City Analyst

View Ugne Saltenyte's profile on LinkedIn

Income inequality, measured by the Gini index (a standard economic measure of income inequality), has been on rise in many cities, both in the developed and developing world. Over 2008-2013, the Gini index increased in 80 out of 120 of the world’s major cities. In its Outlook on the Global Agenda 2014, the World Economic Forum identified widening income inequality as the second greatest risks worldwide in 2014 (with rising societal tensions in the Middle East and North Africa rated as the top concern). There are several cities which stand out in their respective countries in terms of growing income disparities.

Cities with the Most Severely Widening Income Inequality, 2008-2013

Source: Euromonitor International

Continue reading "Growing Income Disparities Challenge Business in Both Developed and Developing Cities" »

February 19, 2014

Brighter Future Ahead for Urban Consumers in Eastern Europe

UgneSaltenyteAnalyst Insight by Ugne Saltenyte - Cities Analyst

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The coming years promise notable opportunities for consumer goods businesses in Eastern European metropolises thanks to forecasts of accelerating consumer expenditure as a result of improved economic performance. Eastern European cities will outperform their Western European counterparts, indicating generally better potential in developing markets.

Top 10 Growth Cities for Per Household Consumer Expenditure in Europe

Source: Euromonitor International

Note: Chart refers to average annual growth of real consumer expenditure per household over 2012-2020. Displayed are the top 10 cities in terms of both per household and total consumer expenditure growth.

Continue reading "Brighter Future Ahead for Urban Consumers in Eastern Europe" »

February 10, 2014

Rising Turkish Cities Offer Growing Urban Consumer Markets

UgneSaltenyteAnalyst Insight by Ugne Saltenyte - City Analyst

View Ugne Saltenyte's profile on LinkedIn

Turkey features the third largest urban population in Western Europe, growing by an impressive average of 2.1% per year during 2007-2012. Istanbul, in turn, was the second most populous city in the region as of 2012, exceeded only by London. Second-tier Turkish cities are also on the rise. Altogether, this is increasing demand for urban living-related goods and services, as well as offering access to new considerable pools of consumers.

Per Capita Annual Disposable Income Growth in the Largest Turkish Cities, 2007-2012

Source: Euromonitor International

Note: Chart maps Turkish cities (with over one million inhabitants) in terms of population in 2012 and growth of per capita real annual disposable income over 2007-2012. Bubble area is proportional to per capita annual disposable income level in respective city in 2012, with its size provided in the bubble.

Continue reading "Rising Turkish Cities Offer Growing Urban Consumer Markets" »

January 28, 2014

Кто выиграет от проведения Зимних Олимпийских Игр в Сочи?

V-vladykinВиталий Владыкин, старший аналитик

Зимние Олимпийские Игры несомненно оказывают влияние на различные сферы жизни страны. В подготовку Зимних Олимпийских Игр в Сочи Россия инвестировала огромные финансовые средства, которые, по словам старшего аналитика Виталия Владыкина, вряд ли окупятся в краткосрочной перспективе. Но с другой стороны, Олимпийские Игры помогут Сочи продемонстрировать свои возможности всему миру, а успех национальной команды положительно повлияет на потребителей и экономику всего государства.

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The Impact of the Sochi Olympic Games on Russia’s Economy and Image

V-vladykinWith Vitalij Vladykin, Senior Research Analyst

Russia invested a massive US$50 Billion into the preparation of the 2014 Winter Olympics games. The country is unlikely to see a return on its investment. However, Russia may exit the Olympics with a better international image if the games go well as incoming travelers will be greeted with up-to-date transportation, hotel accommodations and attractions. Companies such as Procter and Gamble, Samsung and Coca-Cola have already launched massive advertising campaigns for the Olympics, bringing attention to the games and to Russia. A strong Russian Olympic team is also important as winning gold medals promotes national pride and consumer confidence, something of great importance to a country with low economic forecasts.

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Recent Posts

Chinese Cities Lead the Way in Average Household Spending Growth

Do Business Opportunities Exist Outside the Largest Cities in BRIC Countries?

The Role of Second Tier Cities: Comparison by Country

What is the True Size of Dubai?

The World’s Megacities to Retain Strong Hold in 2014

Growing Income Disparities Challenge Business in Both Developed and Developing Cities

Brighter Future Ahead for Urban Consumers in Eastern Europe

Rising Turkish Cities Offer Growing Urban Consumer Markets

Кто выиграет от проведения Зимних Олимпийских Игр в Сочи?

The Impact of the Sochi Olympic Games on Russia’s Economy and Image