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Consumer goods and services
Consumer Goods & Retail is the largest services sector, providing the necessary link between producers and final consumers. The sector has a major socio-economic role, being among the biggest employment generators and contributors to economic growth. It is highly heterogeneous, using a variety of formats and channels to meet the needs of the more sophisticated global consumer. In today’s digital era, the increasing penetration of everyday life by information and communications technologies is reshaping the purchase decision process. This promotes the rapid development of online retail solutions that enhance customer retention and create tailor-made experience through both digital and mobile platforms.
Activities associated with Consumer Goods & Retail are the manufacturing and retailing of goods intended for everyday use by end consumers. Examples include food, textile products, apparelꩲ and footwear, household goods, furniture, hygiene and personal care products, jewellery, toys and sporting goods. It also covers all retail channels, from traditional supermarkets and specialised ♑stores to non-store retailers such as e-stores, mail-order houses and direct selling establishments. Retail sale of fuels and vehicles is also included in this sector.
Malaysia is the third-largest motor vehicle manufacturer and market (excluding motorcycles) in the ASEAN region, behind Thailand and Indonesia. The motor vehicle indu✤stry (incඣluding motorcycles) was dominated by ...
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Mal♊aysian householdಞs increased their spending at a CAGR of 9.2% from 2015 to 2019, suggesting broadly growing domestic demand despite many Malaysian consumers grappling with stagnant wages. Malaysia depends on imported food to feed its ...
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The Asian r💧egion is home to some of the world’s biggest automotive brands, which has eventually resulted in the birth of local brands in some of the countries. The Asian countries featured in this report – China, India, Thailand ...
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Mala♕ysia is the third largest motor vehicle market in the ASEAN region, after Thailand and Indonesia. Passenger vehicles represe🐽nted 50.7% and 49.8% of total production and sales, respectively, in 2018. Malaysia has two national brands, Perodua and ...
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Total household expenditures in Malaysia have been growing at a CAGR of 9.4% from 2014 to 2018, reflecting a still-growing consumer goods and retail sector 🀅despite a turbulent political environment that saw ♑Malaysia’s first change of government ...
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Total sales in the consumer goods and retail sector in Malaysia have been growing healthily at a CAGR of 9.2% from 2012 to 2016 according to statistics from the Department of Statistics Malaysia (DoSM). Malaysia has low unempl🌠oyment rates and ...
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