Bahrain Food and Drink Report Q4 2014

Bahrain Food and Drink Report Q4 2014

Published: September 2014
Publisher: Business Monitor International (BMI)
Product ref: 220319
Pages: 106
Format: PDF
Delivery: Immediate download

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BMI View: We hold a positive outlook on food consumption growth in Bahrain in 2014 and through our forecast period to 2018. We believe that food consumption growth in local currency terms will come in at 6.4% in 2014, boosted by the mass grocery retail sector, which will achieve sales growth of 8.0% this year.

The macroeconomic picture looks similarly promising, though we note that potential headwinds exist. Our Country Risk team forecasts real GDP growth of 3.4% in 2014, before rising to 3.8% in 2015. Though strong growth, this represents a slight downturn on 2013, when real GDP growth came in at 5.3%. Furthermore, employment growth has slowed in recent months, along with wage growth. Headline Industry Data (local currency)
¦ Food consumption (local currency) growth for 2014: +6.4%; compound annual growth rate (CAGR) 2013 to 2018: +6.2%.
¦ Per capita food consumption (local currency) growth for 2014: +5.4%; CAGR 2013 to 2018: +4.7%.
¦ Soft drinks value sales (local currency) growth for 2014: +4.8%; CAGR 2013 to 2018: +4.8%.
¦ Mass grocery retail sales (local currency) growth for 2014: +8.0%; CAGR 2013 to 2018: +7.5%.

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By sector: General drinks

By market: Bahrain (in Asia)


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