DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/fabb94/algeria_agribusine) has announced the addition of the "Algeria Agribusiness Report Q1 2012" report to their offering.
BMI View: While an increase in private investment into Algeria's agriculture sector will allow it to meet some of the country's growing needs in the long term, BMI believe it will remain increasingly dependent on imports of agricultural goods. Indeed, food imports account for close to 15% of the country's total import bill. As such, strong opportunities present themselves to European players especially in the dairy sector.
Key Forecasts:
- Wheat production growth to 2015/16: 1.6% to 3.54mn tonnes. Strong demand for wheat over their forecast period will contribute to a persistent supply shortfall. As a result, BMI expect wheat imports to continue their strong growth trajectory for the duration of their forecast.
- Barley consumption growth to 2016: 28.6% to reach 1.78mn tonnes. Over their forecast period, BMI expect demand for barley to outpace production; this should progressively lead to a worsening trade balance for the grain. Over the next few years, BMI expect rising barley consumption to be almost entirely lead by the demands of the livestock industry, as rising disposable incomes lead to increased demand for meats.
- Milk consumption growth to 2016: 11.0% to 1.72mn tonnes. This will be due to enhanced consumer purchasing power and the growing prevalence of savvy marketing initiatives from firms such as French dairy giant Danone and Scandinavian company Arla.
- Whole Milk Powder consumption growth to 2016: 1.3% to just over 181,700 tonnes. Algeria is already one of the largest markets in the region for whole milk powder and thus BMI forecast consumption of retailed, packed, branded powder to remain relatively stable through to 2016.
- 2012 real GDP growth: 3.6% (up from 2.7% in 2011; predicted to average 4.0% from now until 2016).
- Consumer price inflation: 3.6% in 2012 ave.
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