Retail Sector Update
The total size of the retail sector in Turkey exceed US$300 billion in 2013
The total size of the retail sector in Turkey is estimated to have reached US$300 billion in 2013 and is expected to grow with a CAGR of 7% between 2014 and 2018. In 2013, the total value of credit / debit card transactions grew by 21% year-over-year while CAGR for the last five years is now 15%.
The report analyzes different aspects of Turkish retail sector, assesses food and beverage, home retailing, Apparel and Footwear Retailing, Consumer Electronics and Technological Goods, Shopping mall investments in Turkey as well as eagerness of both local and multinational investors and private equity firms to exploit the opportunities in the market in recent years.
The headlines of the report
- Food and beverage, the largest segment of the total retail market (44%), is expected to grow with a CAGR of 5% in the next five years.
- The home retailing market in Turkey, comprised of household furniture and textile products, reached US$51 billion in 2013. The size of the home retailing market is forecast to reach US$60 billion in 2018 with approximately 6% CAGR in the 2014-2018 periods.
- The number of shopping malls, which has more than quadrupled in the last decade and reached 333 by the end of 2013, spread over 54 cities throughout the country. The number of shopping malls is expected to reach 409 by the end of 2015.
- 2013 was a highly active year for the sector as 31 transactions took place.
- In the first five months of 2014, 12 deals were materialized, a much higher number compared to the same period of 2013.