Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>Nappies/diapers/pants current value sales grew 7% in 2017, to reach IDR18.9 trillion</li><li>Indonesia offers many potential newcomers to enter the category in 2017</li><li>Average unit price of nappies kept increasing marginally in 2017</li><li>Mamy Poko by Uni Charm lead in 2017 with a value share of 52%, followed by Sweety by Softex with 22%</li><li>Nappies/diapers/pants is expected to post a value CAGR of 16% at constant 2017 prices over the forecast period, to reach IDR40.3 trillion in 2022</li></ul>

Nappies/diapers/pants current value sales grew 7% in 2017, to reach IDR18.9 trillionIndonesia offers many potential newcomers to enter the category in 2017Average unit price of nappies kept increasing marginally in 2017Mamy Poko by Uni Charm lead in 2017 with a value share of 52%, followed by Sweety by Softex with 22%Nappies/diapers/pants is expected to post a value CAGR of 16% at constant 2017 prices over the forecast period, to reach IDR40.3 trillion in 2022

Sector Capsule: Nappies/Diapers/Pants in Indonesia

<ul><li>Nappies/diapers/pants recorded retail current value growth of 10% in 2017, as value sales rise to CNY54.0 billion</li><li>The two-child policy supported the healthy growth of nappies/diapers/pants in 2017</li><li>The average unit price of nappies/diapers/pants declined slightly in 2017, due to the fierce competition</li><li>Procter &amp; Gamble (Guangzhou) maintained its lead within nappies/diapers/pants in 2017, with a 22% retail value share</li><li>Nappies/diapers/pants is expected to record an 11% retail value CAGR at constant 2017 prices over the forecast period, to reach CNY91.3 billion in 2022</li></ul>

Nappies/diapers/pants recorded retail current value growth of 10% in 2017, as value sales rise to CNY54.0 billionThe two-child policy supported the healthy growth of nappies/diapers/pants in 2017The average unit price of nappies/diapers/pants declined slightly in 2017, due to the fierce competitionProcter &amp; Gamble (Guangzhou) maintained its lead within nappies/diapers/pants in 2017, with a 22% retail value shareNappies/diapers/pants is expected to record an 11% retail value CAGR at constant 2017 prices over the forecast period, to reach CNY91.3 billion in 2022

Sector Capsule: Nappies/Diapers/Pants in China

<ul><li>Retail value sales of bleach registered a 7% current value decline over the course of 2017, falling to JPY4.3 billion</li><li>The primary functions of bleach are increasingly incorporated into other home care categories, which subsequently has a negative effect on sales of bleach</li><li>2017 sees the average unit price of bleach declined by 3% in current terms as these products move inexorably towards commodity status</li><li>Kao remains dominant in bleach in 2017 with a value share of 53%</li><li>Bleach is expected to continue generating negative value growth over the forecast period, with a value CAGR of -5% set to result in sales of JPY3.3 billion at constant 2017 prices in 2022</li></ul>

Retail value sales of bleach registered a 7% current value decline over the course of 2017, falling to JPY4.3 billionThe primary functions of bleach are increasingly incorporated into other home care categories, which subsequently has a negative effect on sales of bleach2017 sees the average unit price of bleach declined by 3% in current terms as these products move inexorably towards commodity statusKao remains dominant in bleach in 2017 with a value share of 53%Bleach is expected to continue generating negative value growth over the forecast period, with a value CAGR of -5% set to result in sales of JPY3.3 billion at constant 2017 prices in 2022

Quantamental Researcher, JD Finance Quantamental Research

Ben Li

Quantamental Researcher

JD Finance Quantamental Research

JD Finance Big Data Quantamental Research is a data and insight provider of proprietary online eCommerce data, under the arm of big data analytics team in JD Finance. JD Finance is an affiliate of US listed JD, a leading eCommerce player in China. It is one of the largest fintech companies in China, with business spanning across consumer loans, fund distribution, and quantitative strategy research. 

Data up to December 2017Online Channel Continuously Gaining Share; Japanese Sanitary Napkins Brands to Lead the Overall Market<ul><li>Although offline is still the major purchase channel for paper products, online channel has been gaining more share, especially during promotional seasons.</li><li>Japanese Diapers brands account for a majority of online market share, gradually caught up US brands on the offline battlefield to take the lead offline as well.</li><li>Due to the improvement in product mix and possible unit price increase, the ASP of Tissues realized a 5% y/y growth rate with an impressive growth rate in the past 6 months.</li></ul>Please feel free to contact us for specific data requests.

Data up to December 2017Online Channel Continuously Gaining Share; Japanese Sanitary Napkins Brands to Lead the Overall MarketAlthough offline is still the major purchase channel for paper products, online channel has been gaining more share, especially during promotional seasons.Japanese Diapers brands account for a majority of online market share, gradually caught up US brands on the offline battlefield to take the lead offline as well.Due to the improvement in product mix and possible unit price increase, the ASP of Tissues realized a 5% y/y growth rate with an impressive growth rate in the past 6 months.Please feel free to contact us for specific data requests.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Overwhelmingly, and to take a line from our U.S. Compass report, recent declines have corrected the excess. Where many charts appeared stretched and even parabolic in some cases, recent downward pressure on global equities has allowed many stocks to return to solid entry points near various areas of support. In today’s report we review every global sector, highlighting actionable stocks within each.

Overwhelmingly, and to take a line from our U.S. Compass report, recent declines have corrected the excess. Where many charts appeared stretched and even parabolic in some cases, recent downward pressure on global equities has allowed many stocks to return to solid entry points near various areas of support. In today’s report we review every global sector, highlighting actionable stocks within each.

Japan

Kao Corporation is a manufacturer of household and chemical products. The company produces cosmetics, laundry and cleaning products, hygiene products, fatty chemicals, edible oils, and specialty chemicals.

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Kao Corp (4452 JP)

Sector Capsule: Nappies/Diapers/Pants in Indonesia

Nappies/diapers/pants current value sales grew 7% in 2017, to reach IDR18.9 trillion Indonesia offers many potential newcomers to enter the...

Euromonitor International Ltd.

Sector Capsule: Nappies/Diapers/Pants in China

Nappies/diapers/pants recorded retail current value growth of 10% in 2017, as value sales rise to CNY54.0 billion The two-child policy supported...

Euromonitor International Ltd.

Sector Capsule: Bleach in Japan

Retail value sales of bleach registered a 7% current value decline over the course of 2017, falling to JPY4.3 billion The primary functions of...

Euromonitor International Ltd.

2017 China Paper Products Report

Data up to December 2017Online Channel Continuously Gaining Share; Japanese Sanitary Napkins Brands to Lead the Overall Market Although offline is...

Ben Li

Global Equity Strategy

Overwhelmingly, and to take a line from our U.S. Compass report, recent declines have corrected the excess. Where many charts appeared stretched...

Vermilion Research

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