Cote d'Ivoire Food and Drink Report Q2 2014

Cote d'Ivoire Food and Drink Report Q2 2014

Published: February 2014
Publisher: Business Monitor International (BMI)
Product ref: 194812
Pages: 47
Format: PDF
Delivery: Immediate download

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BMI View: Côte d'Ivoire is among Sub-Saharan Africa's fastest growing economies, supporting our view that the country's food, beverage and retail sectors have a very positive medium-term outlook. Over our five-year forecast period, an advantageous domestic demographic picture and the highly underdeveloped nature of the local market will leave tremendous room for growth. Despite Côte d'Ivoire's economic expansion in 2012, partially the result of statistical base effects (the country's post-electoral crisis caused GDP to contract by 4.7% in 2011), we still expect to see average annual real GDP growth of close to 9% between 2014 and 2018. By our forecasts, this places Côte d'Ivoire as the fourth fastest growing Sub- Saharan African country to 2018, behind Sierra Leone, Mozambique and South Sudan. As a result, we believe that incomes will rise by almost 50%, driving an increase in per capita food consumption of 46.3%.

Key Forecasts ¦ 2014 total food consumption growth (local currency terms): +10.4%; compound annual growth rate (CAGR) to 2018: +7.9%. ¦ 2014 per capita food consumption growth (local currency terms): +7.8%; CAGR to 2018: +6.0% ¦ 2014 beer volume sales growth: +6.5%; CAGR to 2018: +4.5%. ¦ 2014 mass grocery retail (MGR) sales growth (in local currency terms): +13.1%; CAGR to 2018: +13.3%.

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By market: Cote Divoire (in Africa)


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