Saudi Arabia Food and Drink Report Q2 2014

Saudi Arabia Food and Drink Report Q2 2014

Published: March 2014
Publisher: Business Monitor International (BMI)
Product ref: 196354
Pages: 106
Format: PDF
Delivery: Immediate download

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BMI View: We expect the Saudi Arabian economy to perform well throughout the coming quarters, on the back of minor gains in oil output and the continuing strength of non-hydrocarbon private sector economic activity. Leading indicators of economic activity point to continued buoyancy in private consumption, and we forecast growth of 5.0% in 2014, from an estimated 6.0% in 2013. We maintain our medium-term bullish outlook on the retail and trade sector, with sales benefiting from rising disposable incomes, favourable demographics, and increasing urbanisation.

Headline Industry Data ¦ 2014 food consumption growth in local currency = +8.0%; compound annual growth rate (CAGR) 2013 to 2018 = +7.6% ¦ 2014 confectionery value sales growth in local currency = +6.9%; CAGR to 2018 = +6.5% ¦ 2014 mass grocery retail sales growth in local currency = +10.3%; CAGR to 2017 = +9.6%

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By market: Saudi Arabia (in Asia)


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