South Africa Food and Drink Report Q3 2014

South Africa Food and Drink Report Q3 2014

Published: July 2014
Publisher: Business Monitor International (BMI)
Product ref: 217318
Pages: 116
Format: PDF
Delivery: Immediate download

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BMI View: The latest data support our view for slow economic growth in South Africa. Although headline real GDP growth rebounded to 3.8% at a quarter-on-quarter seasonally adjusted and annualised rate (SAAR) in Q413, from 0.7% in Q313, the number was boosted by a decline in imports which likely signals a degree of economic rebalancing wherein the consumer sector adjusts to the weaker rand by reducing demand for imports. Meanwhile, consumer spending as a whole remains relatively tepid, which will limit sales growth for the sector in the near term.

Headline Industry Data
¦ 2014 per capita food consumption (local currency) = +7.7%; five-year forecast compound annual growth (CAGR) to 2018 = +8.6%.
¦ 2014 soft drinks volume sales = +8.2%; forecast compound annual growth to 2018 = +5.8%
¦ 2014 mass grocery retail sales (local currency) = +8.0%; forecast compound annual growth to 2018 = +8.9%.

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By sector: General drinks

By market: South Africa (in Africa), Africa


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