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High growth in retail demand is expected in emerging markets

March 26/2012
(polyestertime) -- Retail demand in several emerging markets will grow at double digit annual average rates in the in the five  years to 2016 according to a new report by Textiles Intelligence.

The fastest growth will be in China and India, where demand is set rise by an average of 16.9% per annum in
each country. Double digit growth is also forecast for Indonesia (13.3% per annum), Russia (12.0% per annum),
Saudi Arabia (11.7% per annum), Turkey (11.4% per annum), Peru (10.3% per annum) and South Africa (10.1%
per annum), while growth in the high single digits is expected in Brazil, Chile, Colombia and Thailand.

By contrast, demand in a number of major Western European countries is set to grow only modestly between
2011 and 2016.
Author:Anna Larionova
Category:General News
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