Argentina Food and Drink Report 2014

Argentina Food and Drink Report 2014

Published: November 2013
Publisher: BMI Research
Product ref: 186147
Pages: 112
Format: PDF
Delivery: Immediate download

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BMI Industry View We have reduced our regional ranking for Argentina's food and drink industry from its 2013 rank. We forecast that the high inflation rate seen through 2012 and 2013 will continue over the coming years, which will weaken consumer and business confidence, meaning any growth in the value of food and drink consumption will largely be due to inflationary pressures, rather than real value.

However, the Argentine economy has benefited from a depreciating currency (down 26% against the US dollar since January 2012) as exports have increased. In particular, increases in agricultural exports have been a key driving force behind the increase in GDP growth seen through 2013. Although this has proven beneficial to the economy, domestic food consumption has not grown much in real terms, as consumers and businesses have been hit by the increasing cost of imports.

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Related research categories

By sector: General drinks

By market: Argentina (in South America)

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