Boston, MA -- (ReleaseWire) -- 05/28/2014 -- We hold an optimistic view on the Malaysian consumer through to 2018, with current conditions particularly buoyant. Our country risk team believes that real private consumption growth will come in at 7.0% in 2014 on the back of 4.4% real GDP growth. BMI holds the view that such strong consumer expenditure growth will be fuelled by cash handouts and increased welfare spending by the government. Despite mounting concerns about fuel price hikes, we believe declining global grain prices, subdued money supply growth and benign wage price pressure will keep Malaysia's consumer price inflation in check as we head further into 2014.
Headline Industry Data (local currency)
- 2014 total food consumption sales growth (local currency): +3.0%; compound annual growth rate (CAGR) 2013-2018: +3.1%.
- 2014 per capita food consumption sales growth (local currency): +1.4%; CAGR 2013-2018: +1.6%.
- 2014 total soft drinks value sales growth (local currency): +4.1%; CAGR 2013-2018: +3.8%.
- 2014 total MGR value sales growth (local currency): +10.6%; CAGR 2013-2018: +8.4%.
View Full Report Details and Table of Contents
Key Industry Trends
Hershey To Invest In Malaysian Production Facility: In a development indicative of Malaysia's potential as a manufacturing base for the region, US-based chocolate company The Hershey Company plans to open its first confectionery manufacturing plant in Johor, Malaysia. The MYR816mn (USD250mn) facility will incorporate innovations in automated confectionery manufacturing technology and high-speed wrapping equipment featuring proprietary, as well as specially engineered, wrapping technologies. The new plant is expected to address rising consumer demand for the company's products in Asia.
Mitsubishi Partners With Colcafe: In February 2014, Japan-based Mitsubishi entered into a partnership with South Africa-based Colcafe, a subsidary of Grupo Nutresa, to form a new coffee joint venture in Malaysia named Oriental Coffee Alliance. Both companies will own a 50% stake each in Oriental Coffee Alliance. The new joint venture is likely to provide a base to both partners for boosting the coffee business in Asia, to meet the rising consumer demand for instant coffee in the region. In the meantime, Mitsubishi aims to boost its supply chains in emerging markets for coffee and other consumer goods.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Food research reports at Fast Market Research
You may also be interested in these related reports:
- Czech Republic Food & Drink Report Q3 2014
- Greece Food & Drink Report Q3 2014
- Caribbean Food & Drink Report Q3 2014
- Chile Food & Drink Report Q2 2014
- Argentina Food & Drink Report 2014
- Hong Kong Food & Drink Report 2014
- Latvia Food & Drink Report 2014
- Philippines Food & Drink Report 2014
- Lebanon Food & Drink Report 2014
- Taiwan Food & Drink Report 2014