Retail trade growth slowing down in Armenia since 2010 – Ameria’s study
10.06.2014,
19:52
Artashes Shaboyan, a senior analyst at Ameria consulting company, presenting today the results of the company’s second study in Armenia’s retail trade market, said that before the 2008 global recession the country’s retail trade growth stood at 23.8%, while over a period between 2010 and 2013 the retail trade grew 4.9% or even 1.4%, if the real data without inflation are taken into account.
YEREVAN, June 10. /ARKA/. Artashes Shaboyan, a senior analyst at Ameria consulting company, presenting today the results of the company’s second study in Armenia’s retail trade market, said that before the 2008 global recession the country’s retail trade growth stood at 23.8%, while over a period between 2010 and 2013 the retail trade grew 4.9% or even 1.4%, if the real data without inflation are taken into account.
He pointed out the country’s demographic situation, which is very important for this segment of the market, as one of the factors impacting retail trade indicators.
Shaboyan said the decline may continue not so much for migration as because of a sharp contraction of the share of young people (10-to-20-year-old) in the country’s population.
Besides, according to the study, Yerevan’s market of fast-moving items shrank about 4% in two years (or 6% in dollars) since the population reduced spending on these items because of the shift to other priorities amid the lack of growth in total income.
In particular, consumer prices for natural gas and electric power considerably rose in July 2013. There was also comparative analysis of the company’s 2012 and 2014 reports. The comparison gives an idea of these years’ processes and key market players (supermarkets).
Some 1,000 people have been surveyed in Yerevan as part of this study that is based on primary and secondary data.
Ameria is a group of professional services companies registered in Armenia with the objective to provide a comprehensive package of professional advisory and assurance services. Ameria specializes in five major areas of professional activities: business, financial, accounting and tax, legal advisory services and investment consulting. Established in 1998, the company has become a leader in the Armenian market of advisory services bringing an international reach and local touch to complex issues rising in more than 30 industry sectors. ($1- AMD 412.86). --0---
