The duty free retailers’ category was the fastest-growing retail channel in the specialist retailers market between 2005 and 10 and achieved a CAGR of 18.34%. The weakest performer was music, video, book, stationery, and entertainment software specialists, which achieved only a CAGR of 14.26%.
London – 29 March 2012 – Following expansion at a compound annual growth rate (CAGR) of 18.34% between 2005 and 2010, the duty free retailers channel in Australia reached a value of US$0.9 billion in 2010, which represented an increase of 74.3% on 2009. The market achieved its strongest performance in 2010 when it grew by 74.3% over its previous year and its weakest performance in 2009, when it fell to -4.0% over 2008.
By 2010, the duty free retailers channel accounted for 0.7% of the specialist retailers market. In comparison, clothing, footwear, accessories and luxury goods specialists represented 24.1% share, while food and drinks specialists generated a further 20.4% of the market's 2010 share.
Looking ahead, the duty free retailers channel is expected to expand at a CAGR of 5.61% between 2010 and 2015, reaching a value of US$1.1 billion in 2015. This represents a total growth of 204.9% from 2005 and 31.4% from 2010.
The duty free retailer channel is expected to be the fastest-growing retail channel in the specialist retailers market between 2010 and 2015, which is expected to achieve a CAGR of 5.61%. The weakest performer is forecast to be electrical and electronics specialists, which is expected to achieve a CAGR of 3.68%. By 2015, the duty free retailer channel is forecast to account for 0.8% of the specialist retailers market. In comparison, clothing, footwear, accessories and luxury goods specialists is predicted to account for 24.9%, while food and drinks specialists is expected to generate a further 20.5% of the market's 2015 share.
London – 29 March 2012 – Following expansion at a compound annual growth rate (CAGR) of 18.34% between 2005 and 2010, the duty free retailers channel in Australia reached a value of US$0.9 billion in 2010, which represented an increase of 74.3% on 2009. The market achieved its strongest performance in 2010 when it grew by 74.3% over its previous year and its weakest performance in 2009, when it fell to -4.0% over 2008.
By 2010, the duty free retailers channel accounted for 0.7% of the specialist retailers market. In comparison, clothing, footwear, accessories and luxury goods specialists represented 24.1% share, while food and drinks specialists generated a further 20.4% of the market's 2010 share.
Looking ahead, the duty free retailers channel is expected to expand at a CAGR of 5.61% between 2010 and 2015, reaching a value of US$1.1 billion in 2015. This represents a total growth of 204.9% from 2005 and 31.4% from 2010.
The duty free retailer channel is expected to be the fastest-growing retail channel in the specialist retailers market between 2010 and 2015, which is expected to achieve a CAGR of 5.61%. The weakest performer is forecast to be electrical and electronics specialists, which is expected to achieve a CAGR of 3.68%. By 2015, the duty free retailer channel is forecast to account for 0.8% of the specialist retailers market. In comparison, clothing, footwear, accessories and luxury goods specialists is predicted to account for 24.9%, while food and drinks specialists is expected to generate a further 20.5% of the market's 2015 share.To purchase the full version of ‘Duty Free Retailers in Australia: Market Snapshot to 2015’, please click here.
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