Just Released: "Egypt Food & Drink Report Q2 2013"
Fast Market Research recommends "Egypt Food & Drink Report Q2 2013" from Business Monitor International, now available
[USPRwire, Mon May 06 2013] The Egyptian economy is unlikely to stage a more pronounced recovery in the near term. Without a stabilisation in the political environment or greater clarity on medium-term policy, consumption and investment patterns will remain depressed. Nevertheless, Egypt remains one of our favourite regional markets from a longer-term point of view.
Headline Industry Forecasts (local currency)
* 2013 per capita food consumption growth = +10.43% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) to 2017 = +11.52%
* 2013 alcoholic drinks value sales growth = +18.12% y-o-y; forecast CAGR to 2017 = +17.22%
* 2013 soft drinks value sales growth = +15.11% y-o-y; forecast CAGR to 2017 = +15.20%
* 2013 mass grocery retail sales growth = +14.53% y-o-y; forecast CAGR to 2017 = +15.15%
Imports Of Kenyan Meat To Resume: In March 2013, Egypt Independent reported that meat imports from Kenya are to resume following a meeting between the two countries' veterinary authorities. Kenyan imports of frozen and live meat were originally banned in 2004 owing to concerns over quality. The resumption of imports from Kenya signifies the Egyptian government's desire to make meat more affordable to consumers by sourcing some products from cheaper manufacturing locations.
Key Risks To Outlook
Inflationary Pressure Building: A key risk is a potential spike in inflationary pressure, with a looming currency devaluation and rise in domestic energy prices likely to undermine household purchasing power. Indeed, as a result of the slightly faster than expected pace of price growth registered in February 2013, we now project consumer price inflation averaging 12.0% in 2013. Given ongoing risks of a disorderly devaluation in the Egyptian pound over the coming quarters, there is certainly a possibility that inflation could spike even higher at some stage before the end of the year.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
