Recently published research from Business Monitor International, "Qatar Food & Drink Report Q3 2012", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 09/17/2012 -- BMI View: Our outlook for Qatar's food and drink sector remains very strong, in line with our positive outlook for the consumer sector in general. The main driver behind this forecast growth is the country's enviable economic outlook. We forecast Qatar's economy to grow by 7.8% and 7.3% in real terms in 2012 and 2013 respectively, down from our estimate of 14.7% in 2011. Most of the slowdown is due to a decrease in the pace of hydrocarbon export growth, while the non-hydrocarbon economy is set to continue growing at a rapid pace. That said, private consumption, government consumption and fixed capital formation will grow at only marginally lower rates this year compared to 2011. Although the era of double-digit real GDP growth is probably at an end, we remain optimistic about the country's economic potential over the coming years.
Looking ahead, leading indicator data supports a positive outlook for household consumption, as credit growth grew 24.1% and 30.3% y-o-y in January and February respectively. Over the long term, our optimistic view on Qatar's economic growth potential is underpinned by the country's ambitious projects covering both the energy sector and the private non-hydrocarbon economy. Qatar's successful bid to host the 2022 FIFA World Cup football championship is a positive development and will increase the country's international exposure, provide a significant boost to the development of the non-hydrocarbon sector of the economy, and help to improve investor risk perceptions of the country.
View Full Report Details and Table of Contents
Headline Industry Data
- 2012 food consumption growth = +6.0%; forecast to 2016 = +35.2%.
- 2012 soft drinks value sales = +9.0%; forecast to 2016 = +51.9%.
- 2012 mass grocery retail sales = +7.6%; forecast to 2016 = +45.9%.
- 2012 supermarket sales = +2.9%; forecast to 2016 = +23.8%.
Key Industry Trends And Developments
Hassad Food, an arm of Qatar's sovereign wealth fund and the country's main food importer, announced in April 2012 that it may invest as much as EUR500mn (US$618mn) around the world in 2012 alone. The company plans to expand globally by acquiring agricultural companies, but in Australia it has been working on land acquisitions. In May 2012 it was announced that Hassad will soon start exports of grain and wool from Australia, as it will soon complete a AUS$500mn (US$486mn) farm investment plan. Hassad has purchased thousands of hectares of farmlands in Western Australia this year in order to increase supplies of sheep, wheat and barley.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. 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.
Browse all Food research reports at Fast Market Research
You may also be interested in these related reports:
- France Food & Drink Report Q3 2012
- Hungary Food & Drink Report Q3 2012
- Bulgaria Food & Drink Report Q3 2012
- Central America Food and Drink Report Q3 2012
- Slovakia Food & Drink Report Q3 2012
- Spain Food & Drink Report Q3 2012
- India Food & Drink Report Q3 2012
- United Arab Emirates Food & Drink Report Q3 2012
- Ireland Food & Drink Report Q3 2012
- Venezuela Food & Drink Report Q3 2012
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)