Qatar Food and Drink Report Q3 2014

Qatar Food and Drink Report Q3 2014

Published: July 2014
Publisher: BMI Research
Product ref: 217130
Pages: 84
Format: PDF
Delivery: Immediate download

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BMI View: We have raised our economic growth forecasts for Qatar and now project average annual real GDP growth of 5.7% between 2014 and the end of the decade, from 5.1% previously. Strong population growth and progress on the government's large-scale infrastructure programme will drive both construction activity and the sustained expansion of the services sector. We project private consumption growth to remain elevated over the coming years, averaging 11.0% in real annual terms between 2014 and 2016, compared with 6.2% between 2009 and 2012. The country's fast-rising resident population, on the back of high demand for foreign workers in preparation for the 2022 FIFA World Cup, will help to fuel growth in the consumer sector, including the food and drink sector.

Headline Industry Data (local currency) ¦ 2014 food consumption growth = +5.7%; compound annual growth rate (CAGR) 2014 to 2018 = +4.3%. ¦ 2014 bottled water value = +13.5%; CAGR 2014 to 2018 = +9.6% ¦ 2014 mass grocery retail sales = +7.2%; CAGR 2014 to 2018 = +5.4%

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By sector: General drinks

By market: Qatar (in Asia)

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