Caribbean Food and Drink Report Q3 2014

Caribbean Food and Drink Report Q3 2014

Published: April 2014
Publisher: Business Monitor International (BMI)
Product ref: 206892
Pages: 151
Format: PDF
Delivery: Immediate download

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Though signs of growth are beginning to return to the Caribbean, economies within the region continue to feel the spillover effects of the 2009 financial crisis, which strongly shook the region's key industries of tourism and finance. With this in mind, we forecast relatively slow food consumption growth in a majority of the Caribbean markets. Despite these difficulties, some markets, most notably Jamaica and Dominican Republic, are expected to outperform over the forecast period.

Headline Industry Data

Forecast 2014 food consumption growth (local currency):

¦ Bahamas: +1.3%

¦ Barbados: +1.4%

¦ Dominican Republic: +4.9%

¦ Jamaica: +6.6%

¦ Puerto Rico: +3.5%

¦ Trinidad & Tobago: +2.7%

Forecast food consumption compound annual growth rate (CAGR) 2013 to 2018 (local currency):

¦ Bahamas: +1.8%

¦ Barbados: +2.5%

¦ Dominican Republic: +6.1%

¦ Jamaica: +6.3%

¦ Puerto Rico: +4.0%

¦ Trinidad & Tobago: +2.8%

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