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Retailing in Malaysia Market Research report covers Malaysia Clothing Industry Revenue,Malaysia Footwear Market Research Report,Online Retail Industry Malaysia,Food and Beverages Industry Malaysia,Malaysia Tourism Sector.
• Malaysia is the third wealthiest in Southeast Asia by GDP per capita
• Incorporation of GST from April 2015, has impacted the purchasing
capacity of consumers in a big way.
• Online retail market also growing in a traditional retail sector.
• Voyagers from China don't have to apply for Malaysian Visa from 1
March 2016. This ought to draw in 8 million Chinese sightseers to visit
Malaysia for holiday and shopping.
Ken Research declared its most recent production on
• Retailing in Malaysia-Market Summary and Forecasts;
Comprehensive overview of the market, consumer, and
competitive context, with retail sales value and forecasts to 2020 ",
offer bits of knowledge on the changing trends and key issues inside
the Malaysia Retail market. The production incorporates a shrewd
investigation of the most recent trends in retail consumer shopping,
covering the components driving retail shopping, customer insights,
market trends and surveys of the most recent best practice in retail
site design. It likewise provides information to forecast and historic
retail sales, furthermore incorporates data on the business
environment and country risk related to Malaysia's polish retail
environment. In addition, it has comprehensive knowledge on
fastest growing product categories and also on the key international
and domestic players operating in the Polish retail market-including
store counts and revenue.
• International trade plays an exceptionally noteworthy role in Malaysia's
economy. At one time, it was the biggest maker of tin, elastic and palm oil on
the planet. The economy of Malaysia is the fourth biggest in Southeast Asia,
and 35th largest on the planet. Malaysia is additionally the third wealthiest in
Southeast Asia by GDP per capita values, after the city-districts of Singapore
and Brunei. Malaysia's economy is one of the most competitive in the world,
positioning fourteenth in the Ease of Doing Business Index for 2015.
Malaysian economy is profoundly vigorous and broadened with fare
estimation of cutting edge items in 2014 remained at 63.3 billion USD, the
second most elevated after Singapore in ASEAN. Malaysia exports the second
biggest volume and estimation of palm oil items internationally. Malaysia's
top individual and corporate income assess rates are 25 percent; the
corporate rate is set to decrease in 2016. Different duties incorporate a
capital increases assess. The general taxation rate meets 15.8 percent of
aggregate residential pay. Government spending adds up to 29.3 percent of
GDP. Expansive government spending ventures have added to a spending
deficiency above 3 percent of GDP, and open obligation levels with 57
percent of aggregate local yield. Malaysia's normal tariff rate is 4.3 percent.
Imported vehicles are liable to high taxes. State-claimed undertakings
assume a huge part in the economy. The monetary area stays stable.
• In initial quarter of 2015, Malaysian retail industry
recorded a growth rate of 4.6% in retail sales and the
industry witnessed the poor growth rate of 11.9% in the
second quarter of the same year. The incorporation of GST
affected all retail sub-sectors, retailers from grocery,
fashion and accessories, electronics, foods and beverages
and tourism, since 1 April 2015.The fundamental
difficulties for Malaysian shopping malls in 2015 had been
lessened consumer' spending and rising operation costs.
Because of the incorporation of Goods and Services Tax
(GST) in April 2015, Malaysian buyers kept down their
spending notwithstanding sustainable disposable earnings.
Shopping movement of shopping malls dropped altogether
amid the initial 2 months since the introduction of GST.
• Malaysians are dynamic in online based shopping. Be that as it
may, the exchange sum is still low when compared with the whole
retail industry. Online retail sales represents under 2.0% of
aggregate retail sales in Malaysia. More brick-and-mortar retailers
in Malaysia now offer online based shopping. This pattern covers
all retail divisions - worldwide luxurious brands, fashion garments,
fashion embellishments, gifts, toys, books, furniture, equipment,
electrical and gadgets, grocery and food. Along with this the more
online retailers in Malaysia are setting up physical stores.
Zalora.com.my has a perpetual commence at Mitsui Outlet Park.
The notable Christy Ng Shoes has set up her showroom in
Damansara Utama. Well known Facebook Fatbaby frozen yogurt
has set up a dessert parlor in Subang Jaya. online shopping in
Malaysia will not replace physical retail outlets any time in the
• Malaysian government is focusing on 30.5 million visitor entries with
expected tourism receipts of RM 103 billion in 2016. Voyagers from China
don't have to apply for Malaysian Visa from 1 March 2016. This ought to
draw in 8 million Chinese sightseers to visit Malaysia. The weak Ringgit will
likewise empower not just more territorial voyagers (counting Singapore,
Indonesia, Thailand and Brunei), additionally worldwide voyagers to go to
Malaysia for holiday and shopping ,According to Ken Research
Topics Covers in the report
• Retailing in Malaysia Market
• Malaysia Retail Sector
• Global Retail Industry Research
• Malaysia Clothing Industry Revenue
• Malaysia Footwear Market Research Report
• Online Retail Industry Malaysia
• Food and Beverages Industry Malaysia
• Malaysia Tourism Sector
• Online shopping frenzy catches up in Malaysia
• Malaysia Clothing Retail Sales
• Malaysia Footwear Retail
To know more on coverage, click on the link below:
• Related Reports:
• Online pureplays in UK Clothing & Footwear
• The European Air Traveler and Duty Free Spending Trends 2016-2017
• Ken Research
• Ankur Gupta, Head Marketing & Communications