DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vw6cvn/bahrain_food_and_d) has announced the addition of the "Bahrain Food and Drink Report Q3 2012" report to their offering.
Business Monitor International's Bahrain Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bahrain's food and drink industry.
BMI's current outlook on Bahrain's consumer sector is cautiously optimistic, as consumer confidence looks like it is beginning to regain some strength. Bahrain's economy will continue gathering steam through 2012, supported by high oil prices, an influx of aid from Saudi Arabia and a gradual recovery in the tourism industry. The authors forecast real GDP growth of 3.4% in 2012, following an estimated 1.9% in 2011.
However, the political crisis will continue to weigh on the economic and consumer outlooks. Our core view is that an immediate resolution to the crisis remains unlikely. This has the potential to significantly dampen consumption and investment patterns over the coming years and will limit the economy's underlying growth potential. The political backdrop in Bahrain will remain tense in 2012, despite efforts by the Khalifa regime to minimise anti-government sentiment by pushing ahead with some constitutional reforms.
On a brighter note, anecdotal evidence suggests the tourism sector has been slowly recovering, although visitor arrivals remain well below where they were before the unrest. As the majority of visitors are Saudis who cross the causeway linking the two countries for the weekend, the relatively bright economic outlook for the former should be positive for Bahrain's tourism sector this year. The return of the Formula One race in April, assuming it goes ahead and is not cancelled for a second year, will also provide some respite to service exports through a boost to the tourism sector.
Headline Industry Data (Local Currency):
- 2012 food consumption growth= +8.7%; compound annual growth rate (CAGR) to 2016 = +8.5%
- 2012 soft drink value sales growth = +7.4%; CAGR to 2016 = +7.3%
- 2012 mass grocery retail (MGR) sales = +10.9%; CAGR to 2016 = +10.2%
Companies Mentioned:
- Bahrain Flour Mills Company
- General Trading And Food Processing Company (TRAFCO)
- Kraft Foods MEA
- Delmon Poultry Company
- Awal Dairy Company
- Mass Grocery Retail
- EMKE Group
- Fu-Com International
Géant
- Carrefour MAF
For more information visit http://www.researchandmarkets.com/research/vw6cvn/bahrain_food_and_d