2012-05-17 07:32:33 -
New Food market report from Business Monitor International: "Egypt Food & Drink Report Q2 2012"
Egyptian food consumption values are expected to grow at a double-digit annual rates in both absolute and per-capita terms to 2016. Drivers of this trend will be a recovering economy, although elevated inflation will also play a part. In fact, food and beverage prices rose by 12.6% month-on-month (m-o-m) in February 2012, following an 11.2% rise in January, which will have a dampening effect on volumes sold. Over the medium- to long-term, the likely spread of mass grocery retail (MGR) beyond obvious urban centres and greater investment into the country's food processing sector will contribute to a more dynamic food consumption growth outlook, and we remain optimistic about the Egypt's consumer, as we continue viewing the country as having the
greatest potential as a consumer market in the Middle East and North Africa (MENA) region.
Headline Industry Data (local currency)
Full Report Details at
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www.fastmr.com/prod/384850_egypt_food_drink_report_q2_2012.aspx
* 2012 per capita food consumption = +8.35%; forecast compound annual growth rate to 2016 = +11.72%
* 2012 alcoholic drink sales = +15.70%; forecast compound annual growth rate to 2016 = +17.03%
* 2012 soft drink sales = +12.55%; forecast compound annual growth rate to 2016 = +17.26%
* 2012 mass grocery retail sales = +12.45%; forecast compound annual growth rate to 2016 = +15.80%
Key Company Trends
Local Producers Investing in Diversification and Capacity Expansion - In February 2012, Daily News Egypt reported that a leading Egyptian producer of packaged juice and dairy products started the construction of a new liquid food factory, which is due to be operational by mid-2013. Faragalla's new plant, which is located in Borg El-Arab, is using TetraPak technology, thus extending the long-lived partnership between the two companies. In the course of 2011, Faragalla opened four new factories, a testament to the growing demand for processed foods and beverages in Egypt. The Egyptian and the Swedish partners are also reportedly discussing future cooperation in sterilisation and homogenisation of milk and juice, which would improve product quality and safety, although also add to consumer price.
Key Risks to Outlook
Risks Remain to the Downside - Risks to our short-term forecasts remain to the downside, mostly due to the weakening external environment. In addition to a slight slowing in global growth in 2012, the outlook for the eurozone, which absorbs approximately one quarter of Egyptian exports, is particularly bleak. Downside risks to the global growth outlook are elevated moreover, and include a 'hard landing' for the Chinese economy, in addition to a potential breakup of the eurozone.
Partial Table of Contents:
SWOT Analysis
- Egypt Food Industry SWOT
- Egypt Drink Industry SWOT
- Egypt Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: Agricultural Commodity Prices
- Table: Core Views Q212
- Middle East Food & Drink Risk/Reward Ratings
- Table: Middle East Food & Drink Risk/Reward Ratings Q212
- Table: Egypt Food & Drink Risk/Reward Ratings - Q212
- Egypt Food And Risk/Reward Rating
- Macroeconomic Outlook
- Table: Egypt - Economic Activity
Industry Forecast Scenario
- Consumer Outlook
- Food
- Food Consumption
- Table: Egypt, Food Consumption Indicators, Historical Data & Forecasts
- Confectionery
- Table: Confectionery - Production, Consumption and Trade - Historical Data & Forecasts
- Canned And Processed Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts
- Prepared Food
- Table: Prepared Meat - Production, Consumption and Trade - Historical Data & Forecasts
- Table: Prepared Fish - Production, Consumption and Trade - Historical data & forecasts
- Table: Frozen fruit & vegetables - Production, consumption and trade - Historical data & forecasts
- Table: Jams And Jellies - Production, consumption and trade - Historical data & forecasts
- Pasta
- Table: Pasta - Production, consumption and trade - Historical data & forecasts
- Oils & Fats
- Table: Oils and fats - Production, consumption and trade - Historical data & forecasts
- Drinks
- Alcoholic Drinks
- Table: Alcoholic Drinks Sales - Production, Consumption & Trade - Historical data & forecasts
- Soft Drinks
- Table: Soft Drink Sales - Production, Consumption & Trade - Historical data & forecasts
- Hot Drinks
- Table: Hot drinks sales - Production, Consumption & Trade - Historical data & forecasts
- Trade
- Table: Sectoral Trade Indicators - Historical Data & Forecast
- Mass Grocery Retail
- Table: Mass Grocery Retail Value Sales By Format - Historical Data & Forecasts
- Table: Grocery Retail Sales By Format (%) - Historical Data And Forecasts
Food
- Key Industry Trends And Developments
- Subway To Open 90 Stores By 2017
- Nestle Increases Investment in Egypt
- Foreign Interest in General Growing
- Sugar Industry in Spotlight
- Domestic Companies Pursuing Local Expansion
- Domestic Companies Also Interested in Overseas Collaborations
- Western Restaurants Prompt Casual Dining Expansion
- Market Overview
- Food Processing
- Confectionery
- Trade
- Agriculture
- Dairy Industry
- Sugar Processing Industry
- Halal Food
Drink
- Key Industry Trends And Developments
- Local Leaders Investing in Diversification and Capacity Expansion
- Cutting Down Tourism Reliance In Alcohol Sales
- Multinational Interest Growing
- Market Overview
- Alcoholic Drinks
- Soft Drinks
- Hot Drinks
Mass Grocery Retail
- Key Industry Trends And Developments
- Investment Interest Growing Slowly
- Supply Chain Boost
- Carrefour MAF Continues Expanding
- Makro Looks to Export Egyptian Produce
- Market Overview
- Leading Retailers
Competitive Landscape
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Full Table of Contents is available at:
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www.fastmr.com/catalog/product.aspx?productid=384850&dt=t
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