The TGM Ramadan report for Egypt 2024 sheds light on the evolving landscape of consumer preferences during the holy month. Notably, while 68% of respondents, especially females, prioritize researching what to buy during Ramadan, only 57% indicate a focus on actual shopping. This trend underscores a cultural inclination towards spending quality time visiting and sharing meals with cherished family and friends, emphasizing the significance of social connections and communal gatherings during this auspicious period.
Preference for In-Store Shopping
In terms of shopping destinations, a majority of respondents (35%) expect to conduct the majority of their Ramadan shopping in physical stores, supplemented by some online purchases. Interestingly, 33% of respondents, particularly young adults aged 18-29, express a preference for exclusively shopping in brick-and-mortar establishments, reflecting a desire for hands-on browsing and personalized shopping experiences.
Strategic Timing for Shopping Spurts
The timing of Ramadan shopping is a critical consideration for consumers. The first week of March emerges as the favored period for shopping activities, aligning closely with the period just before Ramadan commences. Additionally, late February witnesses a surge in shopping, particularly between the 15th and 28th, as individuals prepare for the fasting month and the ensuing festivities.
Factors Influencing Shopping Decisions
In making Ramadan shopping decisions, consumers place significant emphasis on factors such as price and discounts, with 78% and 74% of respondents respectively expressing a strong concern for these aspects. The importance of affordability and savings cannot be overstated, particularly during a period marked by increased spending on food, beverages, and gifts. Additionally, the speed of delivery or readiness for pickup, along with customer service, are also considered considerable factors, highlighting the importance of convenience and satisfaction in the overall shopping experience.