South Korea Food and Drink Report Q2 2014

South Korea Food and Drink Report Q2 2014

Published: April 2014
Publisher: Business Monitor International (BMI)
Product ref: 200217
Pages: 107
Format: PDF
Delivery: Immediate download

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BMI View: We have grown less cautious about South Korea's economic growth trajectory, following stronger than expected growth in 2013 (buoyed mainly by the manufacturing and construction sectors) and revised our forecasts up to 2.5% for the year. We now forecast real growth of 3.0% over 2014. However, Korean trade momentum is likely to face continuing headwinds from China. Domestically, the construction rebound that we witnessed last year is unlikely to extend through 2014 as the property market remains dormant, while household debt will continue to crimp spending by the Korean consumer.

Headline Industry Data (Local Currency) ¦ 2014 per capita food consumption = +2.3%; forecast 2013 to 2018 = +4.2%. ¦ 2014 alcoholic drink value sales = +2.5%; forecast 2013 to 2017 = +4.7%. ¦ 2014 soft drink value sales = +4.3%; forecast 2013 to 2017 = +5.6%. ¦ 2014 mass grocery retail sales = +5.7%; forecast 2013 to 2017 = +8.4%.

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By sector: General drinks

By market: South Korea (in Asia)


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