2014-02-10 00:04:02 - Qatar Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
Private consumption in Qatar will continue to grow at a rapid pace throughout 2014, supported by the government´s expansionary fiscal stance and a fast-rising resident population. Qatari economic activity will continue to expand at a strong pace throughout 2014, and we forecast real GDP growth of 5.4% for the year, from an estimated 5.7% in 2013 (which is up from our previous projections of 4.8% and 5.0%). This has positive implications for food and drink spending.
Headline Industry Data (local currency)
- 2013 food consumption growth = +4.5%; compound annual growth rate (CAGR) 2013 to 2017 = +4.4%.
- 2013 soft drinks sales = +6.4%; CAGR 2013 to 2017 = +5.8%
- 2013 mass grocery retail sales = +5.6%; CAGR 2013 to 2017 =
- 2013 supermarket sales = +2.6%; CAGR 2013 to 2017 = +3.6%
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