Saudi Arabia Food and Drink Report - Q4 2014

Business Monitor International
September 10, 2014
112 Pages - SKU: BMI5325690
Countries covered: Saudi Arabia

Saudi Arabia Food and Drink Report - Q4 2014

BMI View: Latest data released by Saudi Arabia's Central Department of Statistics (CDoS) shows that theSaudi economy grew at an annual rate of 4.7% in the first quarter of 2014, slightly above our forecast of4.3% for the year as a whole. We expect the country's economic performance to remain strong heading into2015, owing to favourable growth prospects for both private consumption and fixed investment. Wemaintain our medium-term bullish outlook on the retail and trade sector, with sales benefiting from risingdisposable incomes, favourable demographics and increasing urbanisation.

Headline Industry Data

2014 food consumption growth in local currency = +8.0%; compound annual growth rate (CAGR) 2013to 2018 = +7.6%

2014 confectionery value sales growth in local currency = +6.9%; CAGR to 2018 = +6.5%

2014 mass grocery retail sales growth in local currency = +10.3%; CAGR to 2018 = +9.6%



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