United Arab Emirates Food and Drink Report Q3 2014

United Arab Emirates Food and Drink Report Q3 2014

Published: May 2014
Publisher: Business Monitor International (BMI)
Product ref: 211769
Pages: 108
Format: PDF
Delivery: Immediate download

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BMI View: We maintain our bullish outlook on the UAE's economies as a wealth of data points to continued growth. Consumer and business sentiment remains positive, underlining our particularly bright outlook for household consumption and fixed investment over the coming quarters. Following estimated real GDP growth of 4.1% in 2013, we are projecting the economy to expand by a more moderate 3.9% in 2014, before picking up to 4.1% in 2015. We forecast real private final consumption growth to come in at 6.5%. While this would be a slowdown on last year, we believe growth will average 7.3% per year between 2015 and 2017.

Headline Industry Data ¦ 2014 food consumption growth (local currency terms): +5.5%; compound annual growth rate (CAGR) 2013 to 2018: +6.9%. ¦ 2014 per capita food consumption growth (local currency terms): +3.9%; CAGR 2013 to 2018: +5.2%.

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By sector: General drinks

By market: United Arab Emirates (in Asia)


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