Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: We see potential for output growth in corn and coffee, two of the main crops in Uganda. For
coffee, we see Uganda as an East African leader in terms of exports, largely owing to government support
for the sector and new disease-resistant trees. We expect Uganda to remain a net corn exporter in the
coming years, although most of its corn will be shipped regionally. The country is unlikely to compete with
South Africa and Zambia to become one of Sub-Saharan Africa's largest corn exporters. Food security will
be a concern in the short term owing to droughts affecting regional neighbours, leading to more corn
exports and reduced domestic supply.
? Coffee production growth to 2019/20: 4% to 4.2mn 60kg bags. The Uganda Coffee Development
Authority's production campaign has developed new disease-resistant coffee trees, which are expected to
boost yields over our forecast period. However, lower average coffee prices over the medium term will
act as a constraint on production growth.
? Corn consumption growth to 2020: 13% to 3.1mn tonnes. Growth in demand will come from the
country's livestock sector, which is growing in response to higher demand. Overall, however, corn
consumption will largely be guided by changes in population.
? 2016 real GDP growth: 4.8% (down from 5.6% in 2015; predicted to average 6.4% from 2016 to 2020).
? 2016 consumer price inflation average: 5.5% (up from 5.5% in 2015).