Indonesia’s economic growth is driven by a middle class of 45 million. This is forecast to grow to 141 million by 2020. Indonesian consumers are young, with 60% under 30 years of age and interested in new international brands. International surveys show that Indonesians are trusting consumers, highly receptive and keen to try new things.Demand from the new middle class is increasing for modern retail and consumer goods
The retail sector is huge and continues to grow faster than the overall economy. Many foreign brands have chosen Indonesia as their initial entry point to the region. There are promising opportunities for UK brand to establish a presence in the market. Whereas, Indonesia offers real potential for UK companies wishing to expand their business into new fast growing emerging markets. Opportunities exist in clothing, footwear, personal care, cosmetics, and food & drink.
Despite the growing middle class and the size of the market, many UK companies have limited awareness about how big retail opportunities in Indonesia and limited knowledge on how to enter the market. This webinar is aimed to UK retail companies (clothing, footwear, personal care, cosmetics, food & drink, giftware, jewellery, and tableware) information and to discuss about potential retail business opportunities in Indonesia.
