The Transformation of Myanmar's Retail Industry

Myanmar's consumers’ behavior, purchasing habits, and shift in market demand offer various opportunities for businesses to capture in the retail sector.

October 2020, by Naithy Cyriac
Myanmar retail transformation Download

Between 2014 and 2019, the average year-on-year GDP growth of Myanmar was over 6% due to the government’s ongoing effort on policy and economic reforms. In 2019, the modern grocery sales were at USD 269.6 million (an increase of USD 68.4 million) and those of mixed retailers were US$177.8 million combined. Despite the domination of traditional retail markets, there are more modern retail markets found in Myanmar’s commercial cities. 

Our latest white paper, “The Transformation of Myanmar’s Retail Industry: Changing Consumer Dynamics and Opportunities for Foreign Investments” highlights that  Myanmar's retail will maintain a strong and steady growth - represented by the growth of modern retail with a CAGR of 33%, presenting ample opportunities for investors to tap into this promising sector.


How Does Myanmar's Retail Look Going Forward?

Here are some key aspects in the retail industry of Myanmar:
 


Myanmar's consumers’ behavior, purchasing habits, and shift in market demand show that there are various opportunities for multinational retailers to enter and invest in the retail sector. Download the report and find out available opportunities to capture.

Download White Paper

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