Angola Food and Drink Report Q2 2016
BMI View: Angola's food and drink industry will contract over 2016 in USD terms, while local currencygrowth rates have been distorted by high inflation to show positive growth. This contraction can beattributed to high import costs in 2015, which will filter into consumer prices in the first half of 2016, thusreducing purchasing power. Over the long term, the industry will remain attractive, showing strong growthon the back of economic expansion and a youthful population.
Latest Updates & Industry Developments
Growth in food and drink sales will be driven by inflation, masking a contraction in real terms.
Due to Angola being a food importer, the weak kwanza will keep consumer price inflation high in 2016.
Failed crops in neighbouring states, due to drought, will push up food import prices as demand forimported grains in the region increases.
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