Emerging Markets- Highlight
20 Sept 2018
Middle East consumers place great value on products of good quality and creative designs, a major observation at the Lifestyle Expo in Dubai 2018 that held from 25-26 June. Large household sizes in the region drove demand for toys and children’s products, while the fast-growing medical tourism sector in Dubai buoyed the healthcare equipment and technology niche.
Industry players in the consumer products sector in the Middle East and Africa are showing signs of optimism about market prospects in the near term. Emerging markets in the Middle East are looking up this year while outlook for developed markets remains modest. In the next three years, buyers expect to increase sourcing in Asia, particularly in South-east Asia, China and India. E-tailing engagement is low but it is a growing trend in the region.
With Turkey's consumers and the stalwarts of its shoe sector still painfully recalling the toxic mainland-originated footwear imports of 2014, Chinese manufacturers still have a lot of making-up to do if they are to return to the market in force.