Our consumer outlook for Tunisia has deteriorated in recent quarters, on the back of lower consumer confidence and concerns over the country s political stability. Nonetheless, we still expect food and drink sales to grow at a robust pace over the next five years, although we caution that a significant part of this growth is due to inflationary pressures. ...Nonetheless, hikes in excise taxes on wine and beer will hamper the development of the sector. Tunisia s mass grocery retail sector - which currently accounts for less than -- of total food sales - will benefit from rising incomes, increasing households access to packaged food, and from strong investment in the sector. The opening of the first Auchan hypermarket, planned for the end of ----, will boost sector dynamism. ...Tunisia s mass grocery retail sector - which currently accounts for less than -- of total food sales - will benefit from rising incomes, increasing households access to packaged food, and from strong investment in the sector. The opening of the first Auchan hypermarket, planned for the end of ----, will boost sector dynamism.
...North Africa has a favourable demographic and socio-economic profile, with already large and growing population numbers increasingly concentrated in urban centres. The share of food in terms of total household expenditure will remain at a high level for the foreseeable future. The regional food and drink industry is under-developed, providing opportunities for importers of premium and value-added processed products. North Africa provides multinationals with a low-cost production base for exports within the continent, as well as access to the large regional market. Local players can benefit from joint ventures with foreign companies. ...Soft drinks also enjoy considerable popularity thanks to the region s hot climate and sizeable tourism industry. Low degree of market saturation, with numerous small-scale independent retailers dominating the grocery market.
...The outlook for Tunisia s economy has significantly deteriorated in recent quarters, with strong headwinds blowing across the country s key growth drivers. The tourism industry, a vital source of jobs and wealth creation, will remain crippled by the two high-profile terrorist attacks on Tunis Bardo Museum and the coastal city of Sousse in ----, as well as more general concerns over instability. ...
