Israel Food and Drink Report 2016 - Business Monitor International - Industry Reports

Israel Food and Drink Report 2016

Israel Food and Drink Report 2016 - Business Monitor International - Industry Reports
Israel Food and Drink Report 2016
Published Nov 21, 2015
95 pages — Published Nov 21, 2015
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Abstract:

The structure of the Israeli economy has been very stable over the past decade and we do not see any major evolution taking place over our forecast period. Private consumption will remain the main segment of GDP, accounting for close to -- of GDP. ...Private consumption growth will remain steady as positive growth momentum in the economy leads to a strong labour force participation rate - we forecast an average of -.- unemployment over the next ten years. In addition, the monthly private minimum wage was raised to ILS-,--- (USD-,---) in April ---- and will again be increased by ILS--- within -- months, and a year later by another ILS---, reaching ILS-,--- by December ----. Finally, monetary policy will remain accommodating over the coming year. ...Finally, monetary policy will remain accommodating over the coming year. Despite our view that the US Federal Reserve s tightening cycle will begin before the end of ----, we expect the Israeli Central Bank (BOI) to hike its policy rate by only -- basis points in ----, as the slowdown in global growth and low commodity prices provide important downside risks to domestic economic activity and delay y-o-y inflation reaching the BOI s target band of between -.- and -.-

...Between ---- and ----, we forecast total food consumption in Israel to rise by a CAGR of -.- in local currency terms to reach a value of ILS--.-bn (USD--.-bn). Growth is expected to be driven by gradually rising private consumption, which will benefit from strong labour market situation, rising wages and low inflation. ...Between ---- and ----, we forecast total food consumption in Israel to rise by a CAGR of -.- in local currency terms to reach a value of ILS--.-bn (USD--.-bn). Growth is expected to be driven by gradually rising private consumption, which will benefit from strong labour market situation, rising wages and low inflation. Israel s real GDP growth is forecast to average -.- between ---- and ----, primarily supported by private consumption. ...This was one of the lowest figures in the whole MENA region thus reflecting relative affluence of Israeli consumer. On a per capita level, we forecast food consumption to rise by a CAGR of -.- to reach ILS--,--- (USD-,---) in ----.

...Israel s food-processing industry is large and sophisticated, with a strong export focus. Exposure to modern retailing in Israel and the accordant convenience has led to an interest in packaged and processed foods and increasingly sophisticated consumption habits. ...

  
Source:
Document ID
1749-2769
Country
Industry
Industry
Industry
Industry
Industry
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Israel Food and Drink Report 2016" Nov 21, 2015. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Food-and-Drink-Report-2016-2026-644>
  
APA:
Business Monitor International - Industry Reports. (2015). Israel Food and Drink Report 2016 Nov 21, 2015. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Food-and-Drink-Report-2016-2026-644>
  
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