Caribbean Food and Drink Report Q4 2014

Caribbean Food and Drink Report Q4 2014

Published: August 2014
Publisher: BMI Research
Product ref: 219712
Pages: 159
Format: PDF
Delivery: Immediate download

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Though signs of growth are beginning to return to Caribbean states, many economies within the region
continue to feel the spill-over effects of the 2009 financial crisis, which strongly shook the region's key
industries of tourism and finance. Though the tourism industry is slowly regaining momentum in the region,
we believe that it will take some time for pre-financial crisis growth. Furthermore, many regional
economies continue to be heavily indebted which limits general investment. 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 the 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%

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