Colombia Food and Drink Report Q3 2014

Colombia Food and Drink Report Q3 2014

Published: May 2014
Publisher: Business Monitor International (BMI)
Product ref: 208294
Pages: 96
Format: PDF
Delivery: Immediate download

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BMI View: Investor interest in Colombia has picked up in recent years, with key examples including the move by Portugal's leading food retailer, Jerónimo Martins, to target Colombia ahead of other countries such as Argentina and Brazil. We forecast strong real private consumption growth in 2014 and 2015 as a two-year long household deleveraging cycle comes to an end. While household spending growth has moderated since peaking in late 2011, we believe that improving labour dynamics, combined with record low interest rates, will drive a re-acceleration in private consumption growth in 2014.

Headline Industry Data (in local currency) ¦ 2014 per capita food consumption = +7.4% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) 2013-2018 = +8.5%. ¦ 2014 alcoholic drink sales = +6.1% y-o-y; forecast CAGR 2013-2018 = +6.4%. ¦ 2014 soft drink sales = +9.7% y-o-y; forecast CAGR 2013-2018 = +9.6%. ¦ 2014 mass grocery retail sales = +8.3% y-o-y; forecast CAGR 2013-2018 = +10.9%.

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Related research categories

By sector: General drinks

By market: Colombia (in South America)


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