Friday, 25 October 2013

South Korea Food and Drink Report Q4 2013

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South Korea Food and Drink Report Q4 2013
Oct 23rd 2013, 00:00

Price: $ 1295  

BMI View: Given our less-than-upbeat forecast for South Korea's economic growth trajectory, we are happy to remain below consensus for 2013, with a real GDP forecast of 2.1%. The pickup in economic activity is likely to have come about as a result of the government's fiscal and monetary expansion. However, any pick up is anticipated to be short-lived, with subsequent implications for consumer spending on food and drink. Headline Industry Data (Local Currency) ? 2013 per capita food consumption = +2.8%; forecast to 2017 = +25.1%. ? 2013 alcoholic drink value sales = +3.0%; forecast to 2017 = +27.9%. ? 2013 soft drink value sales = +4.5%; forecast to 2017 = +32.0%. ? 2013 mass grocery retail sales = +6.5%; forecast to 2017 = +53.0%. ...

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