Russian retail market expected to grow by 2013 - December 2011

In 2010, the Russian retail market recovered after the economic slowdown observed during the previous year and increased by 12.9% to RUB 16.5tr ($543.5bn). However, we predict that in the next few years the market is unlikely to re-establish the pace achieved before the crisis.

The retail market in Russia has begun to show signs of recovery after the financial crisis. Although the retail industry has grown continuously, there was a steep fall in the growth rate,from 28.1% in 2008 to 4.7% in 2009. According to our estimates, in 2010, the retail market increased by almost 13% in comparison with the previous year and was worth RUB 16.5tr ($543.5m).