Gabon Food and Drink Report Q4 2014

Gabon Food and Drink Report Q4 2014

Published: September 2014
Publisher: Business Monitor International (BMI)
Product ref: 220324
Pages: 44
Format: PDF
Delivery: Immediate download

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BMI View: As President Bongo is committed to economic reforms that aim to reduce his country's dependence on oil exports, we believe that efforts to develop Gabon's potential in the mining, timber, and tourism sectors will see the country outperform compared with its Central African peers. However, we stress that government targets of transforming the country into a major economic centre by 2025 are unreasonably optimistic. Gabon's small workforce, limited domestic market, and opaque business environment will all pose obstacles to economic diversification. Additionally, the country's small population, relative to its regional peers, will continue to 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) 2013 to 2018: +3.9%.
¦ Mass grocery retail sales growth (local currency) in 2014: +13.3%; CAGR 2013 to 2018: +12.6%.
¦ Beer volume sales growth (litres) in 2014: 4.5%; CAGR 2013 to 2018: 4.8%.

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Related research categories

By sector: General drinks

By market: Gabon (in Africa)


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