South Africa Food and Drink Report Q1 2014

South Africa Food and Drink Report Q1 2014

Published: January 2014
Publisher: Business Monitor International (BMI)
Product ref: 192012
Pages: 105
Format: PDF
Delivery: Immediate download

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BMI View: We expect to see another positive year for the South African economy and consumer industries through 2014, as the country's economy continues to recover post-recession. We forecast real GDP growth of 2.5% in 2014, up from 2.1% the previous year. In addition, private consumption is expected to continue its growth of the past four years at a rate of 2.2% in 2014, and 2.9% in 2015. Although the economic recovery has not been without challenges and will likely remain uneven, in our view, the consumer sector continues to hold up.

Headline Industry Data ¦ 2014 per capita food consumption (local currency) = +8.1%; five-year forecast compound annual growth (CAGR) to 2017 = +8.1%. ¦ 2014 soft drinks per capita volume sales = +7.6%; forecast compound annual growth to 2017 = +5.0% ¦ 2014 mass grocery retail sales (local currency) = +9.3%; forecast compound annual growth to 2017 = +9.2%.

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By market: South Africa (in Africa), Africa


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