Gabon Food and Drink Report Q2 2014

Gabon Food and Drink Report Q2 2014

Published: February 2014
Publisher: BMI Research
Product ref: 194814
Pages: 54
Format: PDF
Delivery: Immediate download

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BMI View: We now forecast that Gabon's economy will grow by 6.8% in 2014, much faster than the 5.5% we had earlier predicted. We have made this upgrade because we believe that the new historical figures indicate that growth in Gabon's non-oil sector is accelerating rapidly. We had previously identified expanding activity in the construction, mining, and agricultural sectors as the key driver of economic growth, but had underestimated the speed of this economic reorientation. However, Gabon's small population, relative to its regional peers, will weigh on food and drink industry prospects.

Key Forecasts ¦ Per capita food consumption growth (local currency) in 2014: +3.7%; compound annual growth rate (CAGR) 2014 to 2018: +3.2% ¦ Mass grocery retail sales growth (local currency) in 2014: +13.3%; CAGR 2014 to 2018: +9.8% ¦ Beer volume sales growth (litres) in 2014: 4.5%; CAGR 2014 to 2018: 3.9%

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By sector: General drinks

By market: Gabon (in Africa)

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